South Australian company, Spring Gully Foods, has ceased trading and appointed an administrator, citing the loss of key contracts, rising costs, and competition from cheaper imports as reasons behind its closure. The company is known for its range of sauces, relishes, pickled onions and gherkins and has been operating for almost 80 years. It employed…
The collapsed developer behind the infamous Sirius building has potentially conducted over $10 million in uncommercial transactions and traded while insolvent for seven years, according to liquidator documents. JDH Capital, run by former Macquarie banker Jean-Dominique Huynh, was wound up in July after the company failed to repay millions of dollars to the family of…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
[SINGAPORE] Entertainment company mm2 Asia said on Monday (Oct 27) that it received an originating claim and statement of claim from Frasers Centrepoint Trust (FCT) for S$2.6 million. The claim was received on Friday and relates to obligations by mm2-owned Cathay Cineplexes at Causeway Point. Cathay Cineplexes is currently undergoing voluntary liquidation, having ceased operations…
Insolvency Ordered Against BluSmart’s Tech Arm The order passed by the National Company Law Tribunal (NCLT) in Ahmedabad is given to one of the subsidiaries of the all-electric ride-hailing corporation, BluSmart. It has formally placed Blu-Smart Mobility Tech Private Limited in the Corporate Insolvency Resolution Process (CIRP). This case is based on a petition by…
Ansal Properties Updates on Fernhill Project Creditors’ Meeting Amid Insolvency Process The Globe and Mail Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Liquidators look to sell Vesuvio as creditors claim $640k The Press Read the original article here
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Introduction: In a significant judgment, the Nagpur Bench of the Bombay High Court, presided over by Justice M.M. Nerkiar, examined the intersection of consumer protection law and insolvency proceedings under the Insolvency and Bankruptcy Code (IBC), 2016. The case arose from Srei Equipment Finance Limited v. Rajesh Bajirao Khandewar and Others (Criminal Writ Petition No.…