The National Company Law Tribunal (NCLT), New Delhi bench of Justice Mahendra Khandelwal (Judicial Member) and Dr. Sanjeev Ranjan (Technical Member) has ordered the liquidation of Go First Airlines, marking the conclusion of a 20-month-long insolvency process after no viable resolution plan emerged. The tribunal upheld the decision by the Committee of Creditors to liquidate…
Australia’s third-largest airline has gone into voluntary administration and cancelled flights on some of its routes. Rex Airlines specialises in flying to dozens of smaller regional towns and cities across the country – many of which are not serviced by larger rivals Qantas and Virgin Australia. Trading in Rex shares was halted earlier this week…
How to Start a Liquidation Business MSN Read the original article here
Brisbane pool business in liquidation after ATO wind-up order Daily Telegraph Read the original article here
A deemed consent notice in The Gazette this week confirmed that Redmans Insolvency Services is set to be appointed once confirmed by creditors. Kaybridge has been in business since 1972 providing groundworks, substructures and superstructures across the UK. Latest results for the year to August 31 2023 show the firm had…
EaseMyTrip’s co-founder Nishant Pitti may be selling a stake in the travel aggregator, but he clearly is keen on buying the bankrupt GoFirst. Pitti-backed Busy Bee Airways has made a renewed push in the National Company Law Appellate Tribunal (NCLAT), pitching for a revised resolution plan for GoFirst. Busy Bee has challenged the liquidation of…
Bensons Property Group called in administrators on the day a fund managed by Macquarie Private Bank’s former head Guy Hedley tipped the developer with a near $1.5-billion pipeline into receivership. The Melbourne developer – which has total debts of about $812 million according to documents filed to the corporate regulator – went into voluntary administration…
LONDON – SVM UK Emerging Fund PLC, a UK-based investment firm, announced today that its Board of Directors has decided to proceed with a Members’ Voluntary Liquidation ( MVL (NSE:)) following a comprehensive review of the company’s future options. The decision, which aims to realize the company’s investments and return cash to shareholders, comes ahead…
NovaBay Pharma’s Strategic Shift and Liquidation Plans TipRanks Read the original article here
The federal government continues to throw regional carrier Rex Airlines a lifeline, after taking on its $50 million debt from its largest creditor PAGAC Regulus Holdings Limited. Rex has been fighting for commercial survival after entering voluntary administration on June 30 last year, with Ernst and Young (EY) appointed administrators. Transport Minister Catherine King and…