The Australian Securities and Investments Commission (ASIC) has this week issued notices of the liquidation of South Australian-based lighting company Vailo. Liquidator Robert Hutson of KordaMentha is seeking debts owed to parties including the National Australia Bank, and separately a Supreme Court order to wind up the company has been made with liquidator Robert Ferguson…
Unsecured creditors left out of pocket after collapse of Custom Construction The Post (Wellington) Read the original article here
Weak corporate governance continues to be a major contributor to business failures in Ghana, according to Simon Madjie, Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC). Speaking at a lecture organised by the Chartered Institute of Restructuring and Insolvency Practitioners (CIRIP), Mr. Madjie cited poor oversight, unethical leadership, and flawed decision-making as persistent…
New Delhi, May 29 (PTI) The Supreme Court on Thursday agreed to hear a petition filed by the promoters of tech company Byju’s, seeking to uphold a pre-Corporate Insolvency Resolution Process (pre-CoC) settlement in the company’s insolvency proceedings. The promoters’ lawyers challenged the decision by the Chennai-bench of National Company Law Appellate Tribunal (NCLAT) that…
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Vlasic and Ah Sam said in their report that on their appointment that Deep Creek’s accounting system indicated that receivables of $540,906 were outstanding, but, “after further investigations, it became apparent that the debtor’s system had not been reconciled and the initial figure was over inflated”. All up, $878,496 has been realised in the liquidation,…
Bengaluru: The Supreme Court has admitted two appeals in the ongoing insolvency proceedings of Think & Learn, the parent entity of the embattled edtech firm Byju’s, filed by the company’s promoters and the Board of Control for Cricket in India (BCCI). The apex court has scheduled the next hearing for July 21 where it will…
Builder fined $3500 for taking deposit on home he couldn’t deliver thepost.co.nz Read the original article here
A failed cafe has cost a Dunedin businessman his “entire life savings” and left his company owing nearly $500,000. Jonathan Lyons said the ongoing costs of running Copper on Highgate, which he bought in July last year, factored “100%” into the decision to liquidate his company. The cafe stopped trading in mid-April. “If we hadn’t…
Notice has since been issued that following a general meeting of the company, a special resolution was passed that Ross Labels Ltd would be wound up voluntarily; and an ordinary resolution was passed appointing the liquidator for the purposes of the winding-up. Read the original article here