Sydney lending firm enters voluntary administration – The Australian
Sydney lending firm enters voluntary administration The Australian Read the original article here
Hudson’s Bay Co. prepares for more job cuts, asking court for new legal counsel for employees
Open this photo in gallery: Hudson’s Bay in Richmond Centre shopping centre, Richmond, B.C., on March 27. Canada’s oldest retailer is in the process of liquidating most of its department stores across Canada.Isabella Falsetti/The Globe and Mail Hudson’s Bay Co. is asking the court to appoint new legal counsel for its employees as it prepares…
Cryptoloc Holdings liquidated months after winning $15m Queensland government contract
Queensland’s government has put a politically-connected cybersecurity business into insolvency within six months of it winning a state contract to run a $15 million safety program. Cryptoloc Holdings’ liquidation was executed this month in the Supreme Court after failing to repay $1.51 million demanded by the state for money already advanced, the ABC can reveal.…
Corporate sector vulnerabilities in a high-rate world: Growing risks to financial stability
The unprecedented policy support deployed during the COVID-19 pandemic allowed nonfinancial corporations in many jurisdictions to navigate the pandemic shock relatively well. At the same time, the synchronised global monetary policy tightening cycle that started in early-2022 (recently reversed by several central banks) does not seem to have significantly affected corporates’ financial performance. Nevertheless, the…
Khemistry re-emerges as independent agency under new owner post GrowthOps liquidation
Brisbane-based creative agency Khemistry has re-entered the market as an independent entity following the liquidation of its former parent company, GrowthOps. The agency, known for its impactful behaviour change campaigns, had been part of GrowthOps for seven years before the parent company’s insolvency led to its closure earlier this month. An agreement in principle has…
Stock under Rs 20: Mukesh Ambani-backed company’s Q4 results 2025 announcement on Monday, 21 April – Markets
The stock, which is under Rs 20, is Alok Industries . As its promoter, Reliance Industries owns 40.01 per cent stake in the company. Reliance and JM Financial ARC acquired Alok Industries back in 2019 under the corporate insolvency resolution process. JM Financial Asset Reconstruction Company Limited has 34.99 per cent shareholding in Alok Industries.…
NCLAT Upholds NCLT’s Liquidation Decision After CoC Abstains from Voting
The NCLAT found no error in the NCLT’s decision, affirming the validity of the CoC’s commercial wisdom and the necessary procedural steps for liquidation The Delhi Bench of National Company Law Appellate Tribunal(NCLAT)upheld the National Company Law Tribunal(NCLT)’s decision to approve liquidation for Sintex Plastics Technologies Ltd. following the Committee of Creditors (CoC) abstaining from…
Jaiprakash Associates attracts 25 bidders, including Adani
Jaiprakash Associates Limited (JAL), the debt-laden infrastructure giant of the Jaypee Group, has moved closer to resolving its financial woes as 25 entities, including Adani Enterprises, Dalmia Cement, Vedanta Limited, and its subsidiary Jaypee Infratech Limited, have been shortlisted as eligible bidders in its Corporate Insolvency Resolution Process (CIRP), according to a regulatory filing dated…
What happens now that Rex has entered voluntary administration? – The Daily Aus
What happens now that Rex has entered voluntary administration? The Daily Aus Read the original article here
Courts wind up more businesses run by disgraced ex-Eagle – The West Australian
Courts wind up more businesses run by disgraced ex-Eagle The West Australian Read the original article here