Category Archives: Liquidation

Commentary On IBC Authored By Justice L.N. Rao And Adv. Avinash Formally Released By Justice R.F. Nariman – Live Law – Indian Legal News

A Book titled, Corporate Insolvency Resolution Process and Liquidation under the Insolvency and Bankruptcy Code, 2016, authored by Justice L. Nageswara Rao, Former Judge, Supreme Court of India and Mr. Avinash Krishnan Ravi, Advocate (Madras High Court) and published by Lexis Nexis, was formally released by Justice Rohinton F. Nariman, Former Judge, Supreme Court of…

New Appointment To Supreme Court And VCAT – Mirage News

VIC Premier The Victorian Government has appointed Judge Ted Woodward to the Supreme Court of Victoria, commencing 5 June 2023. Judge Woodward will also serve as President of the Victorian Civil and Administrative Tribunal (VCAT), with his five year term to start from 1 July 2023. He was appointed as a Judge of the County…

Businesses yet to see the real impact of rising rates R3 | North … – Insider Media

Chris Ferguson Businesses from across the region could still be impacted by a number of recent economic headwinds, including rising interest rates, according to the North East chair of insolvency and restructuring trade body R3, despite a drop in the number of insolvency related activities.  The latest Insolvency Service statistics unveiled a month-on-month drop of…

Treatment of Employees Provident Fund Dues under the IBC – India Corporate Law

Listen to this post In its recent judgment in State Bank of India vs Moser Baer Karamchari Union[1], the Apex court has reiterated the settled legal position of law pertaining to treatment of Employees provident fund, pension fund and gratuity Fund (EPF Dues) under the Insolvency and Bankruptcy Code, 2016 (Code). The primary reason for…

Curdled dreams: 'raw' milk startup Made By Cow ceases production … – Startup Daily

The global first of $5 a litre raw milk has not been the innovation goldmine the founders of diary tech startup Made by Cow had hoped, with the business placed in voluntary administration last week and closing its doors. The Sydney startup developed a patented method to treat milk so it was safe to drink…

Major building company collapses – news.com.au

A prominent residential building company in Western Australia has gone bust. On Monday, the Slatter Group WA Pty Ltd, trading as the Slatter Group, appointed liquidators to wind up the company. Samuel John Freeman and Clare Anne Baily of big four accounting firm Ernst & Young (EY) are the joint liquidators of the operation. The…

Real estate firms stuck in insolvency courts have a slower resolution rate, study shows – The Economic Times

Real estate comprises a significant portion – more than a fifth – of filed insolvency cases, although approved resolution plans total only 13%, a study by Grant Thornton Bharat showed.Out of 2,298 Corporate Insolvency Resolution Process (CIRP) cases under the Insolvency & Bankruptcy Code, 518 are related to real estate. Surprisingly, only 78 out of…

Made by Cow goes into administration: Milk sold in Woolworths and Coles – Daily Mail

Milk brand sold in Coles and Woolworths suddenly goes bust – here’s why Made by Cow product will vanish from shelves Aussie company in voluntary administration Due to supply chain issues and soaring inflation  By Kylie Stevens For Daily Mail Australia Published: 09:48 AEST, 29 May 2023 | Updated: 11:26 AEST, 29 May 2023

'Tough decision': Aussie milk company plunges into voluntary administration – 9News

An Aussie milk company which sold its products at Woolworths and Coles has plunged into voluntary administration. New South Wales-based company Made By Cow has announced it will cease production and appoint administrator KordaMentha in what was a “tough decision” after years in business. The company said it has faced economic uncertainty and supply challenges…

Construction Case Summary: Bailey, in the matter of Megacrane … – Chamberlains Law Firm

On 15 June 2022 the Court ordered, pursuant to Section 447A(1) of the Corporations Act 2001 (Cth) (the Act), that the operation of Pt 5.3A of the Act be modified in relation to the administration of the Company, extending the administration period to enable the recovery of debts owing to the Company by the Companys…