Top lender SBI and other creditors have moved insolvency proceedings against Kolkata- based Electrosteel Steels at the National Company Law Tribunal (NCLT). State Bank of India initiated the corporate insolvency resolution process and filed the documents with NCLT, Kolkata, against the company under the Insolvency and Bankruptcy Code, 2016, Electrosteel Steels said…
MATISSE, the beach club which tried to add some glamour to Scarborough, has gone into voluntary administration. The beachfront venues sole director, Sean Reid, called in administrators Rob Kirman and Rob Brauer from restructuring and insolvency firm McGrathNicols local office on Friday. media_cameraMatisse Beach Club in Scarborough posted on Instagram by user: @jorjamei Mr Reid…
Goshen Holdings owed more than $200,000 at the end of its liquidation. A former driver for a failed logistics company is among those out of pocket after the company went under. Palmerston North-based Goshen Holdings was placed into liquidation in 2013. According to Companies Office documents, Goshen had traded since 2001, providing chilled freight and…
Store Twenty One has been forced into compulsory liquidation resulting in the loss of over 900 jobs and the closure of stores across the country, including on the Isle of Wight. On Friday afternoon a sign was erected in the window of the Regent Street store in Shanklin saying this store will be closed until…
Fashion retailer Store Twenty One – which has a number of sites in the North East – has gone into liquidation, resulting in the loss of 900 jobs. Its owner, Indian manufacturing giant Alok Group, failed to secure investment for the chain following a Company Voluntary Arrangement (CVA) in 2016. As a result, corporate recovery…
LIQUIDATION is possible for a collapsed central Queensland coal miner, a creditors’ report has revealed. Winding up Caledon Coal was recommended by administrator PPB Advisory at the last creditors’ meeting. The Cook Colliery mine owner and Wiggins Island Coal Export Terminal part-owner was placed into administration earlier this year with a debt of about $4billion.…
Store Twenty One, the discount fashion chain, has gone into liquidation, resulting in the loss of 900 jobs. The retailer has been on the brink of collapse for a number of weeks after it failed to raise any extra cash from its main lender, State Bank of India. In a rush to raise funds its owner,…
Jawbone struggled to make headway against Fitbit. JAWBONE died from overeating. After years of struggling against dominant competitors like Fitbit and Samsung, multiple strategic shifts and failures, the fitness tracker company has gone into liquidation. The collapse of Jawbone, which at its peak in 2014 was valued at $US3.2 billion ($4.2 billion), was first reported…
The Scarborough beachfront venue called in administrators on Friday. Matisse, the beach club which tried to add some glamour to Scarborough, has gone into voluntary administration. The beachfront venues sole director, Sean Reid, called in administrators Rob Kirman and Rob Brauer from restructuring and insolvency firm McGrathNicols local office on Friday. Mr Reid declined to…
Mobile application and software developer Buzinga has entered liquidation, with a some clients allegedly left with incomplete projects. SmartCompany understands some businesses working with Buzinga to develop software have been left out in the cold midway through projects, with no indication if they will be resumed. Buzinga Pty Ltd entered liquidation on July 3, with a…