An Otago and Canterbury firewood business which was ordered into liquidation by Dunedin’s High Court has left creditors out of pocket more than $500,000. Needmor Firewood Ltd was placed into liquidation in September 2022 by order of the High Court of Dunedin, on the petition of the Inland Revenue Department (IRD). In their final report,…
IH Sydney Training Services (IH), a major provider of international education, has been placed into voluntary administration. This news, while shocking, was expected. It wasn’t known who, but many in the sector believed the current policy environment was set to break providers. IH appears to be the first major provider in this situation but may…
Shardul Amarchand Mangaldas & Co. advised the Committee of Creditors (CoC) of Vadraj Cement Limited (VCL), led by Punjab National Bank, in its corporate insolvency resolution process, culminating in the successful implementation of an INR 1,800 crore resolution plan for VCL. The resolution plan was fully implemented on June 20, 2025, with the payouts released…
In a big relief to Reliance Infrastructure, appellate tribunal NCLAT on Wednesday stayed the insolvency proceedings against the company. Reliance Infrastructure in a regulatory filing said that the National Company Law Appellate Tribunal (NCLAT) suspended the order passed by the NCLT over an appeal filed by it. “In the appeal filed, the NCLAT, today has…
The National Company Law Tribunal (NCLT), Chennai Bench, has approved the appointment of Ms. Santhanam Rajashree as the new Liquidator for Uniply Industries Limited. This change comes after the Insolvency and Bankruptcy Board of India (IBBI) suspended the registration of the previous Liquidator, Lingumgunta Venkata Shyam Sundar, for a period of two years. The NCLT’s…
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By MAX ALDRED FOR DAILY MAIL AUSTRALIA Published: 01:10 AEST, 26 June 2025 | Updated: 08:28 AEST, 26 June 2025 Nike will take surfwear retailer SurfStitch to court in an effort to recover hundreds of thousands of dollars in allegedly unpaid debt. The sportswear giant filed an application for the winding up of SurfStitch in…
A Chinese language media group that claims to be New Zealand’s largest has been put into receivership less than four years after the liquidation of its predecessor. Best News Entertainment operates the Chinese Voice and Love FM Chinese language radio stations, as well as digital news outlet NZ936 that it describes as Stuff for the…
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ASIC has released its Corporate Plan 2022–26, outlining its strategic priorities for the next four years and its plan of action for the year ahead. (Click image to enlarge) ASIC’s external strategic priorities – text version Product design and distribution: Reduce the risk of harm to consumers of financial and credit products, caused by…