‘Legalised theft’: Workers devastated by mine collapse – Chinchilla News

UPDATE 7pm: AFTER months of uncertainty an embattled central Queensland miner and part-owner of Wiggins Island Coal Export Terminal was placed into liquidation today. Administrators PPB Advisory confirmed this afternoon creditors voted that all five companies in the Caledon Coal Group (Caledon Coal Pty Ltd, CC Pty Ltd, Guangdong Rising (Australia) Pty Ltd, Blackwater Coal…

Hancock Fabrics Bankruptcy Liquidation Plan Effective, Summarized – Bankrupt Company News (press release) (blog)

AdvertisementHancock Fabrics Second Amended Joint Chapter 11 Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on June 20, 2017. BankruptcyDatas detailed Plan Summary notes, The Plan is a liquidating plan that provides that, among other things, the Debtors current Board of Directors will…

NCLAT allows Inox Wind to function independently through board – Economic Times

NEW DELHI: Inox Wind today said National Company Law Appellate Tribunal(NCLAT) has released the company from the rigour of law and allowed it to function independently through its board of directors with immediate effect. NCLAT has also directed National Company Law Tribunal (NCLT) to close the Corporate Insolvency Resolution Process (CIRP)initiated against the company, it…

Bridal company directors face music over liquidation fraud – CCH Daily inc Accountancy Live (subscription) (blog)

Rodney Wallace, former director of Curio Bridal Boutique Ltd and Avalon Personnel Ltd received a total sentence of 27 months imprisonment and Pauline Wallace former director of Curio Bridal Boutique Ltd, received a sentence of ten months imprisonment suspended for two years, after pleading guilty on the first day of their trial at Birmingham Crown…

The government is backing the wrong industries, as our economy changes: Productivity Commission – The Conversation AU

The Australian government is still protecting industries that employ a small number of people. This is while the largest employer, the services sector, is subject to the largest tariffs, a recent Productivity Commission report demonstrates. As a whole, manufacturing still receives 77% of net assistance, largely due to the remaining small levels of tariff assistance,…