National Company Law Tribunal, Mumbai: In an application filed by the Resolution Professional (‘the RP’) for Vijay Suraksha Realty LLP (‘the Company’) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (‘IBC’) seeking exclusion of 854 days and an extension of 60 days, the Two-Member Bench of Lakshmi Gurung ,Judicial Member and Hariharan Neelakanta…
About 140 people across Australia have been immediately sacked following the sudden collapse of Australia’s largest distributor of second-hand office furniture. Staff at furniture company Egans received a text message on Friday morning telling them to attend a compulsory all-staff meeting, where they were told they no longer had jobs. “Notice of important company announcement,”…
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Sails Motor Inn company hit rough waters after failing to pay debts Waikato Times Read the original article here
By Wayne Robinson | 18 June 2025 Stricken wide-format supplies business Starleaton has finally been placed into liquidation, with the company not making any of its $33,000 a month payments required under its DOCA for the past three months. All over for Starleaton: Ben Eaton The former $20m a year family-owned national business initially placed…
Johnstone and Area Community Transport revealed they ceased trading on June 9. The non-profit firm’s director, John McBarron, said it was with “great sadness” that an agent had been appointed for the liquidation of the “small” transport company. SPT announced last week they had issued an advert for a temporary replacement for Johnstone and Area Community Transport’s services.…
GlobalBees Brands Private Limited, a subsidiary of Brainbees Solutions Ltd (which owns FirstCry), is facing an insolvency plea at the National Company Law Tribunal (NCLT), New Delhi. Ashutosh Garg, Paritosh Garg, and Manju Agarwal, the directors of Kuber Mart Industries, have approached the NCLT, New Delhi bench, under Section 7 of the Insolvency and Bankruptcy…
In June 2020, the company raised $3.2m via online investing platform Snowball Effect, and a further $409,287 three years later. Creditor proposal rejected In a letter to creditors dated April 17, seen by the Herald, Little Island director Wade Gillooly said the company had been in a difficult financial position over the past five months.…
Former Whyalla Steelworks parent company GFG Alliance has placed its subsidiary Whyalla Ports into voluntary administration. In a statement, the company said it had no choice after the State Government intervened last month to determine the control of the facility. It comes after the company was embroiled in a federal court case with adminstrators Korda…
Mwave has secured a lifeline following the voluntary administration of its former holding company, Esel Pty Ltd. The digiDirect Group acquired the online technology retailer and offered employment opportunities to all its affected staff. Mwave is The digiDirect Group’s latest acquisition, following library supplier James Bennett in May and online bookstore Booktopia in August 2024.…