Then, in June this year, the firm announced a further 2624 customers had received $50m in Bitcoin and Dogecoin. It was also preparing to launch distributions to affected customers to qualifying account holders in Cardano, Tether, Tron and Litecoin currencies. Cryptopia, founded by Adam Clark and Rob Dawson, owed IRD more than $19m and a…
Control over the Ally Fashion business has been returned to the company’s director, David Dai, following a lengthy appeal process that ended with creditors accepting a deed of company arrangement (DOCA). Four months ago, the Federal Court of Australia forced Ally Fashion into liquidation following an application by a landlord for rent arrears. The court…
The Insolvency and Bankruptcy Board of India (IBBI) has dismissed two RTI appeals filed by appellant, who had sought detailed clarifications on provisions of the Insolvency and Bankruptcy Code (IBC) relating to ongoing insolvency proceedings. Jitendar Sood had approached the IBBI with two separate appeals, both arising from responses received from the Central Public Information…
The Mumbai Bench of the National Company Law Tribunal (NCLT) has admitted a Section 7 insolvency application filed by DSM Projects Private Limited against A.N. Enterprises Infrastructure Services Private Limited over a default exceeding ₹98 crore. The case arose from a loan agreement dated September 6, 2017, under which DSM Projects disbursed ₹63 crore to…
Bowen Coking Coal collapses into voluntary administration amid industry woes grafa.com Read the original article here
Ahead of the August 7 hearing in the Supreme Court on the Bhushan Power & Steel (BPSL) matter, many insolvency experts feel that the best- case scenario for the company and all stakeholders would be one where the current management is allowed to run the company. JSW Steel, which acquired BPSL for Rs 19,700 crore,…
The first half of 2025 has been marred by an increasing number of retailers and their partners descending into bankruptcy, and ultimately liquidation, as the market continues to grapple with waning consumer confidence and heightened competition. From Forever 21 to Hudson’s Bay, we explore some of the most notable bankruptcies of the year so far,…
‘Treated the court with contempt’: commercial real estate owner ordered to pay more than $3m The Canberra Times Read the original article here
Melbourne building collapses into voluntary administration – leaving projects in the lurch MSN Read the original article here