In a written update to people owed money following the collapse of the company, joint liquidator Leonard Gerber said that he was continuing to recover payments from people who still owed money to the firm, but a refusal by some to engage was going to lead him to pursue recoveries through the courts. The liquidators…
Iwan Sunito, the once high-flying co-founder of developer Crown Group, has been making multiple trips to his native Indonesia to try to scrape together capital to shore up his crumbling financial empire, following the collapse of the corporate entity that holds a substantial portion of his personal wealth. Born in Indonesia, Sunito built up a…
A company owned by a former Adelaide 36ers player and a Miss Universe finalist is accused of owing tens of thousands of dollars to a small family business. Adelaide-based fast food franchise Mr Potato is accused of failing to settle outstanding invoices with Luxury Projects, a business that fitted out one of their stores in…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Insolvency specialist Begbies Traynor has notched up 10 years of growth in a row as profits nearly doubled amid a…
Aussie fast food chain Mr Potato has collapsed, leaving its management company in liquidation and franchisees facing bankruptcy. The Adelaide-based franchise was appointed Phil Robinson of Deloitte as liquidator at a court hearing on Friday for wind-up action brought by the ATO over a $151,000 debt. Miss Universe entrant Jess Davis, who founded the chain…
“The untimely softer coal price environment, coinciding with the resumption of the Dartbrook underground mine, has necessitated a top-up to existing finance facilities to provide additional working capital,” Australian Pacific Coal executive director John Robinson told the Newcastle Herald in April. Read the original article here
NCLT admits insolvency plea against Reliance MediaWorks Exchange4media Read the original article here
Aged care, disability and veterans care service provider Annecto Incorporated has entered voluntary administration, putting entitlement payouts for hundreds of staff in doubt. Last month Annecto, which has more than 1,000 employees and 4,400 clients across four states, announced it would stop its community services by the end of July. On Monday, the Annecto board…
The Insolvency and Bankruptcy Board of India (IBBI) issued Notification No. IBBI/2025-26/GN/REG128 dated 4th July 2025 announcing the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025. This amendment introduces stricter transparency norms in the corporate insolvency resolution process (CIRP). Stay Updated with the Latest Audit Report Formats…
Ahmedabad: Adani Power Ltd (APL) on Tuesday said it has successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd (VIPL) for Rs 4,000 crore. With this acquisition, Adani Power takes its operating capacity to 18,150 MW, cementing its position as India’s largest private base load power generation company with 30,670 MW…