Category Archives: Liquidation

Businesses that went bankrupt 2024: All the retailers, businesses, and companies that went bust in 2024 including Booktopia, Tupperware, and King Island Dairy

Popular Australian craft beer company Hawkers entered voluntary administration in early 2024, but its founder has insisted “it’s business as usual” for the team. The independent brewing company, based in Reservoir in Melbourne, announced in February it had appointed administrators. Hawkers founder and managing director, Mazen Hajjar, said the decision was made due to an…

ED hands over BPSL’s assets worth Rs 4k crore to JSW

NEW DELHI: The Directorate of Enforcement (ED) handed over Bhushan Power and Steel Ltd (BPSL’s) assets worth Rs 4,025 crore to JSW, which successfully bid for BPSL under the insolvency resolution process. The restitution of the assets to JSW is result of a Supreme Court order on 11th December 2024. The enforcement directorate had attached…

Mason Greenwood’s image rights company goes into liquidation following striker’s suspension from Man Utd and move to Getafe

Mason Greenwood’s image rights company enters voluntary liquidation just over two years since last Manchester United apppearance. Article continues below Article continues below Article continues below Greenwood’s company enters liquidation Firm used for image rights Cash in the bank massively dropped Read the original article here

Off Ya Tree: Famed bong retailer enters liquidation as a dozen stores remain open

The business behind alternative clothing, body piercing, and former bong retailer Off Ya Tree has fallen into liquidation, as the retail chain assures customers a dozen stores will remain operational. Con Kokkinos of insolvency firm Worrells was appointed as liquidator for Thendro Pty. Ltd on Thursday, according to documents listed by the Australian Securities and…

NZ Green Investment Finance chairperson resigns amid SolarZero collapse

SolarZero workers installing panels Photo: Supplied/SolarZero NZ Green Investment Finance chairperson Cecilia Tarrant is stepping down. The “green investment bank” has faced questions about its management of its $145m loan to SolarZero, which owner BlackRock put into liquidation late last month. Tarrant said she would step down on 20 December, “respecting the ministers’ desire for…

Former Eagle faces more legal strife as court actions rise – The West Australian

Former Eagle faces more legal strife as court actions rise  The West Australian Read the original article here

Deposit In Pursuance Of One Time Settlement Proposal Remains Corporate Debtor’s Asset If Settlement Fails: NCLAT

The NCLAT New Delhi bench of Justice Yogesh Khanna (Judicial Member) and Mr. Ajai Das Mehrotra (Technical Member) has held that the amount deposited with the bank by the corporate debtor in pursuance of an One Time Proposal to show bonafides will remain assets of the corporate debtor and can be taken into custody by…

Louis Liebenberg and Tariomix: A diamond in a rough liquidation process?

The liquidation of Louis Liebenberg’s diamond dealing company is in the spotlight after findings from a SIU report were leaked. A fracas has been unfolding about the integrity of the liquidation process of fraud-accused diamond dealer Louis Liebenberg’s company Tariomix. This after it has come to light that the liquidators’ key legal advisor features in…