SurfStitch sold surf and beach apparel and once had a $500 million valuation. (Source: Instagram) SurfStitch has become the latest retail brand to be plunged into voluntary administration and faces the threat of liquidation. Not only that, but Nike Australia, which sold certain items to the iconic Australian brand, is chasing $237,760 in what it…
Local News Ostomateship is crucial As the nation celebrates Stomal Therapy Week from June 23 to 29,… Local News Wimmera clubs and community groups receive HSCC funding More than 120 volunteers and committee members from sports and community… Local News HRCC will leave development body At the June Council meeting, Horsham Rural City Council members…
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SIERRA QUADRANT BUCHAREST BRANCH SPRL, headquartered in Bucharest, Str. Traian no. 2, Unirii Complex, Bl. F1, section 3, 1st floor, ap. 3, sector 3, registered under RFO II-0393, VAT ID RO 25852407, email [email protected], in its capacity as judicial liquidator of the company DONAU CHEM SRL, headquartered in Turnu Măgurele, Portului Street no. 1, Teleorman…
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Barun Mitra (Technical Member) has held that the mere signing of a Master Restructuring Agreement, wherein a third party undertakes to discharge the liabilities of the Corporate Debtor, does not result in the extinguishment of the Corporate…
NCLAT Fortnightly: Important orders on IBC (February 1 – February 16, 2025) Bar and Bench Read the original article here
The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has upheld the liquidation proceedings, noting that Taguda Pte Ltd, the Successful Resolution Applicant (SRA) failed to obtain the requisite regulatory approvals within the stipulated timeline. Coming to the facts of the present case, the Corporate Insolvency Resolution Process (CIRP) was initiated against Ushdev…
Dundee pub firm liquidated owing taxman £140,000 The Courier Read the original article here
Clarke Homes has been entered into administration and owes more than $3 million to creditors. (Source: Facebook) Significant concerns for the construction industry have been raised after another Australian building company collapsed. Clarke Homes, which is based on the NSW Central Coast, was plunged into administration this week after a meeting with creditors. It owes…
The world’s largest sportswear company will be in court next week as it seeks nearly $250,000 it claims it is owed by a collapsed Australian surf retailer. SurfStitch, which touts itself as the country’s number one online surf and fashion store, fell into administration earlier this month after Nike Australia filed a winding up order…