BDO partner Jeff Marsden. The liquidators of Ally Fashion Pty Ltd have conjured a deal that will see the winding up of the company stayed and 25 cents in the dollar made available for unsecureds, assuming an improved deed of company arrangement (DoCA) proposal garners sufficient support at a meeting to be convened. “It seems…
Public relations firm Redhouse Group goes under over mounting debts Daily Nation Read the original article here
Founded in 2012 by Shripal Morakhia, Smaaash became a leading immersive entertainment chain in India. The company offered a unique blend of virtual reality, bowling, go-karting, cricket simulators, and other services under one roof. Despite its success with over 11 centers across India and backing from high-profile investors such as Sachin Tendulkar and Peak XV…
Options after liquidation of Neo Victoria Developments | George Herald …
On the 24 September 2020, the Australian Government announced changes to Australia’s insolvency framework to better serve Australian small businesses, their creditors and their employees. The changes introduced new processes suitable for small businesses, reducing complexity, time and costs for small businesses. Effective from 1 January 2021, these are the most significant reforms to Australia’s…
After Chapter 11 bankruptcy, fast-food chain faces liquidation MSN Read the original article here
Patients left ‘devastated’ as Canberra fully bulk-billed GP and allied health clinic enters voluntary administration MSN Read the original article here
In a major relief to Reliance Infrastructure Ltd (Reliance Infra), the National Company Law Appellate Tribunal (NCLAT) on Wednesday, June 4, suspended an earlier order by the National Company Law Tribunal (NCLT), Mumbai, which had admitted the company into the Corporate Insolvency Resolution Process (CIRP). The news was shared via a regulatory filing by the…
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Can an “outsider” be held liable for fraudulent trading for transacting with a company engaged in fraudulent activity? Should the limitation period for claims accruing to a (restored) company be suspended for the period during which it was dissolved? The Supreme Court addressed these questions on 7 May 2025 in Bilta (UK) Ltd (in liquidation)…