Evergrande faces delisting as creditors demand repayment amid liquidation orders – CHOSUNBIZ – Chosun Biz
Evergrande faces delisting as creditors demand repayment amid liquidation orders – CHOSUNBIZ Chosun Biz Read the original article here
Afristrat liquidation ‘an attempt to misattribute responsibility’ – ex MyBucks SA boss
Former MyBucks SA CEO David van Niekerk claims the provisional liquidation of Ecsponent, the previously JSE-listed company now renamed Afristrat, appears to be an attempt to rewrite history and misattribute responsibility for the group’s dire financial situation. Van Niekerk said the underlying issue remains the actions of Afristrat CEO George Manyere, “not only as a…
FM introduces insolvency law amendment bill in Lok Sabha to curb delays
Finance Minister Nirmala Sitharaman on Tuesday introduced Bankruptcy Code Amendment Bill, 2025 to amend the Insolvency and Bankruptcy Code, 2016. The bill has proposed multiple changes to fast-track the insolvency proceedings in the country. The amendments proposed pertain to curbing delays by empowering creditors to initiate insolvency process outside of court in case of genuine…
Luxury items seized in S$3 billion money laundering case handed over to Deloitte for liquidation
[SINGAPORE] A total of 466 luxury items and 58 pieces of gold bars from the S$3 billion money laundering case have been handed over by the police to professional services firm Deloitte to manage and liquidate. They include Patek Philippe and Richard Mille watches, multiple diamond-encrusted jewellery, Hermes and Louis Vuitton handbags. The gold bars…
NSW trucking company DJK Transport goes bust after 57 years
An Australian trucking company has gone into liquidation after almost 60 years in business. DJK Transport entered voluntary liquidation on Friday, after a restructuring practitioner was appointed in June. The business is listed as being based out of Austral in southwestern Sydney, and according to its website, has been a “trusted transport service since 1968”…
FM tables IBC amendment bill to speed up insolvency cases
Union Finance Minister Nirmala Sitharaman speaks in Lok Sabha during the Monsoon Session of Parliament, in New Delhi on Tuesday. (Sansad TV/ANI Video Grab) NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday introduced amendments to the Insolvency and Bankruptcy Code (IBC), aimed at making the law more effective and speed up the process, while proposing…
Corrs Chambers strengthens corporate practice in Sydney
Tim Gordon Corrs Chambers Westgarth has hired Tim Gordon as a partner in its corporate practice in Sydney to focus on M&A transactions for listed companies, and Australian and international private equity funds, sovereign funds, multi-platform alternative asset managers and superannuation funds. “We expect Tim to focus on coverage for global PE, domestic and international…
Christchurch courier placed in liquidation, owes more than $1.2 million
A Christchurch courier company owing more than $1.2 million has gone into liquidation after being placed under the control of the Official Assignee. NJ & MS Holdings Limited, trading as Point to Point, was liquidated by order of the Greymouth High Court on 30 June following an application from the Inland Revenue. The business, based…
Aussie trucking company goes bust – The Australian
Aussie trucking company goes bust The Australian Read the original article here
Engineering firm Obelisk Industrial goes bust, BNZ and Kiwibank among creditors owed $11m
Ecovis’ report said the company was in trouble for several months prior to the liquidators’ appointment, “caused by the current economic environment, high levels of debt, and exacerbated by a complete lack of governance on the part of the director”. Ecovis said attempts to restructure the business failed, “culminating with an alleged misappropriation of a…