Popular brewery group enters voluntary administration

By Laura Box, Hospitality magazine The Fox Friday Group has entered voluntary administration after its primary lender collapsed. The hospitality group has struggled to find a new lender or equity partner in time to avoid voluntary administration. Fox Friday has been a rising star in Australia’s craft beer scene since 2019 and is known for…

Kansas’ Key Insurance Placed Into Liquidation

Key Insurance, a Kansas-based insurer specializing in non-standard auto, was placed into liquidation after a court ruled the company insolvent. The Shawnee County District Court ordered the liquidation of Key on March 31 after reviewing significant evidence that Key’s liabilities exceed its admitted assets. The court found that Key’s consistent underwriting losses, existing claims and…

NCLAT upholds liquidation of Sintex Plastics

The insolvency appellate tribunal NCLAT has upheld an NCLT order directing liquidation of debt-ridden Sintex Plastics Technology. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) also rejected the submission of an unsuccessful bidder that NCLT passed an order for liquidation even though its lone CoC member had abstained from voting. RBL Bank…