Administrators have been appointed to the holding company of a New South Wales coal mine after documents revealed it owes $30 million in royalties as part of more than $100 million in outstanding debts. The Tahmoor coking coal mine south-west of Sydney has been closed since February, when it ran out of cash to pay…
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An artificial intelligence company and one-time NZX contender is refusing to settle unpaid wages owed to a former worker, 18 months after Inland Revenue applied for it to be liquidated. Arria GLP, which produces software designed to generate natural language from data sources, was first registered as a New Zealand company in 2012 but now…
Engineering company tried ‘everything’ to stave off $500k liquidation The Press Read the original article here
The National Company Law Tribunal (NCLT) at Bengaluru has ordered the dissolution of Groww AA Private Limited, a company promoted by the founders of the online investment platform Groww. This comes after the company filed a plea for voluntary liquidation, completed all required legal and financial formalities, and distributed its assets to shareholders. The fintech…
NCLT Bengaluru Dissolves Groww Promoter Company BW Legal World Read the original article here
McLaren Vale winemaking mogul’s business collapses The Australian Read the original article here
Discount retail chain moving to Chapter 7 bankruptcy TheStreet Read the original article here
The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a Section 9 application filed by an Operational Creditor, thereby initiating the Corporate Insolvency Resolution Process (CIRP) against Tirumalla Agro Industries Private Limited for a default of over ₹1.11 Crore. Aryatech Platforms Private Limited, the Operational Creditor (OC), filed a Company Petition under Section 9…
India Shelter Finance Reports Strong Q2 Results, Initiates Subsidiary Liquidation scanx.trade Read the original article here