When a company becomes financially distressed, directors are often required to act quickly and decisively. However, directors may at the same time find themselves held back by the requirements of the Corporations Act 2001 (Cth) (the “Corporations Act”) or their company constitution. Whilst it is not unusual for financially distressed companies to grapple with matters…
The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed an appeal filed by Drilltech Engineers challenging the National Company Law Tribunal (NCLT) Chandigarh Bench’s rejection of its insolvency plea against real estate major DLF. A coram of Chairperson Justice Ashok Bhushan and comprising Technical Members Barun Mitra and Arun Baroka held that the existence…
[HONG KONG] China Evergrande Group chairman Hui Ka Yan plans to refuse disclosing details of his assets, its liquidators said, likely complicating efforts to wind up the defaulted builder to pay back creditors. Hui expressed his intention in an Apr 23 response to the court, a lawyer representing the liquidators said in a Tuesday (Apr…
Ōrākei developer linked to liquidated firm accused of evading debt Business Desk NZ Read the original article here
Healthy ready meal firm Karri Kitchen enters liquidation Grocery Gazette Read the original article here
One of Australia’s largest environmental not-for-profits, Planet Ark Environmental Foundation, has been placed into administration by its governing board. The long-time environment and recycling advocacy group was put into voluntary administration after a board review of the organisation’s “financial position and future viability”. Planet Ark has been advocating for recycling across Australia since 1991. One…
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…
A note to the statement says the creditor figures are taken from company records and some of the amounts are disputed and some are likely to be amended. The business had ceased trading prior to its liquidation. Lisa Lappin, from Baker Tilly Mooney Moore, was appointed to liquidate the business. “Karri Kitchen Ltd entered creditors…
John Campbell BBC News NI economics editor Karri Kitchen Peter Coulter & John Campbell BBC News NI Products from the healthy ready meal company Karri Kitchen have disappeared from shelves across Northern Ireland as the business has entered liquidation. The firm, which was based in Craigavon, County Armagh, had expanded rapidly over the past few…
Administrators for Reacon Australia and MMW 3Degrees have shared an update on the first creditor’s meeting held this week and the likely release date for the upcoming creditors report. Administrator Andrew Blundell, from Cathro & Partners said there were no major outcomes from the first creditor’s meeting held on Tuesday this week and everything remains…