Heartland Bank, German firms claim millions in Nelson storage firm liquidation – The Press
Heartland Bank, German firms claim millions in Nelson storage firm liquidation The Press Read the original article here
XL Express enters administration after 35 years in logistics
Australian logistics operator XL Express has entered voluntary administration, with advisory firm FTI Consulting appointed to manage the process and assess the future of the company. The Queensland-based business, established in 1990, has built a national footprint in road transport and distribution over more than three decades. It is best known for operating a broad…
Jacks Point: Dean Franklin’s liquidated company owes $7.5 million
Controversial property developer Dean Franklin’s Formcrete Construction Ltd has gone into liquidation owing $7.5 million in spite of a Jack’s Point email to residents yesterday claiming the move was just “a strategic clean up.” Creditors included in today’s first liquidators report include the IRD (owed $2.449 million in GST and…
Committees of inspection in Hong Kong liquidations explained: who sits at the table?
The principles guiding the court’s discretion in constituting a COI are well established, and the main goal is to ensure that the composition of the COI is fair, balanced, and conducive to the efficient supervision of the liquidation. The Hong Kong Court recently handed down a decision (Re China Evergrande Group (in liquidation) [2025] HKCFI…
Sage Painting liquidates with $2m debt but restructures | Newcastle Herald
According to a statutory report filed with the Australian Securities and Investments Commission (ASIC) by the liquidator, another company run by Mr Hersee, known as Sage Painting Port Stephens, purchased Sage Painting’s business, intellectual property, plant and equipment before it was placed in liquidation. Read the original article here
Formcrete Construction owes $7.4m as liquidation unfolds – BusinessDesk | NZ
Formcrete Construction owes $7.4m as liquidation unfolds BusinessDesk | NZ Read the original article here
In its recent decision on the autonomy of stakeholders in a voluntary liquidation process, the National Company Law Appellate Tribunal (NCLAT) decisively settled the scope of judicial intervention…
In its recent decision on the autonomy of stakeholders in a voluntary liquidation process, the National Company Law Appellate Tribunal (NCLAT) decisively settled the scope of judicial intervention under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Ld. Appellate Tribunal held that once a corporate debtor has lawfully replaced a voluntary liquidator…
Kate Moss’ Beauty Brand Cosmoss Enters Liquidation Proceedings After Three Years
Kate Moss‘ Cosmoss has officially filed to close all its operations. The skin care and wellness business, launched by the 51-year-old British supermodel in 2022, entered into liquidation proceedings on June 24, according to the company filing. According to the filing, Cosmoss owed about $3 million to its creditors; the majority of which was owed…
Homeplus initiates sale process amid fierce acquisition competition and liquidation concerns – CHOSUNBIZ – Chosun Biz
Homeplus initiates sale process amid fierce acquisition competition and liquidation concerns – CHOSUNBIZ Chosun Biz Read the original article here
SBI tags Reliance Communications’ loan as ‘Fraud’, names Anil Ambani in letter to RBI – MSN
SBI tags Reliance Communications’ loan as ‘Fraud’, names Anil Ambani in letter to RBI MSN Read the original article here