Reliance Communications says SBI to declare loan A/C as ‘fraud’, report Anil Ambani to RBI – MSN
Reliance Communications says SBI to declare loan A/C as ‘fraud’, report Anil Ambani to RBI MSN Read the original article here
Pooling orders possible in group liquidation, but under what provision? – Insolvency/Bankruptcy
This week’s TGIF examines the recent decision of the Federal Court in Reid, in the matter of Kununurra Panel Beating Works (Holdings) Pty Ltd Ltd (in liq) [2025] FCA 593 (Kununurra). In providing a helpful summary of the principles applicable to applications for pooling orders, the Court has also indicated that the traditionally broad scope…
Operator enters voluntary administration – Australian Truck Radio
Image: XL Express One of Australia’s largest independent transport operators, XL Express, has entered voluntary administration after 35 years in business. The Queensland-based company, which launched in 1990 and built a national road transport logistics network, has appointed FTI Consulting as voluntary administrators to carry out what it describes as an “urgent assessment”…
NSW decision has practical lessons for voluntary administrators in winding up hearings
In the decision, Dunmore Lang Colleges Ltd were seeking to wind up CII Group Pty Ltd (CII). Despite CII delaying the progress of proceedings by asserting it was solvent, voluntary administrators were appointed the day before hearing for a winding up application on the basis that the company was insolvent or likely to become…
Lenders of Jaiprakash Associates to meet on July 1 to discuss 5 resolution plans
Lenders of Jaiprakash Associates Ltd (JAL), which is under insolvency, will meet on July 1 to discuss resolution plans submitted by five corporates among other issues. In a regulatory filing on Monday, JAL informed that “the 16th meeting of the Committee of Creditors (CoC) of the company will be held on 1st July, 2025.” The…
Mosiac Group goes into liquidation – Inside Retail Australia
Mosiac Group goes into liquidation Inside Retail Australia Read the original article here
Hobart’s Elite Appliances shut down, placed into liquidation
Hobart-based appliance store Elite Appliances has been placed into liquidation, catching both staff and industry insiders by surprise. The closure was confirmed through an Australian Investment and Securities Commission statement earlier this week. Hobart-based financial consultancy Apex Advisory has been appointed as liquidator. “Notice is given that at a general meeting of the members of…
Artists ‘stunned’ after $7.5m collapse of entertainment company
An Australian producer’s company collapsed owing a whopping $7.5 million with just $304,000 set to be paid back to creditors. Concerns have also been raised that the producer David Venn has launched a new company called DV Live, with claims it is using sets and costumes from previous productions – including with names of previous…
MG Non-Life Insurance shifts from liquidation to sale under new administration – The Korea Times
MG Non-Life Insurance shifts from liquidation to sale under new administration The Korea Times Read the original article here
Texas Solar Co. Files Ch. 7 Liquidation With $3.9M Liabilities
By Catherine Marfin ( July 1, 2025, 6:05 PM EDT) — A small Texas residential and commercial solar company has filed for Chapter 7 liquidation in federal court, citing $3.9 million in liabilities…. Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and…