New Delhi: The National Company Law Tribunal, on Wednesday, deferred the hearing of Bhushan Power and Steel Limited‘s (BPSL) insolvency case to May 26. The NCLT sought the assistance of the counsels appearing in the case to implement the Supreme Court’s judgment. Earlier this month, the Supreme Court scrapped JSW Steel‘s ₹19,700-crore acquisition of BPSL…
Aussie brides await delivery of gowns as luxury bridal brand enters administration The North West Star Read the original article here
One of Australia’s largest dealers enters bankruptcy protection Powersports Business Read the original article here
Roofing firm director’s bankrupt son ran company that went bust The Press Read the original article here
Developer’s company in liquidation amid court stoush with builder The Australian Read the original article here
The Office of the Registrar of Companies says its administrative role in salvaging companies in financial distress is actively being rolled out for the protection of local businesses. Under the Corporate Insolvency and Restructuring Act 2020, the Registrar of Companies is empowered to have registered insolvency practitioners to aid in the administration of companies on…
An Australian activewear company has collapsed and is up for sale after more than ten years in business. Exoticathletica, a Queensland Sunshine Coast firm which sells colourful gear for women, had administrators appointed last month. SV Partners is now looking for a buyer for the “much-loved” brand, which was launched in 2014. Exoticathletica active wear.…
A popular Australian women’s activewear company has gone bust, owing $13m to creditors. Founded in 2014 by Leilani Chandler in Noosa, Exoticathletica is best known for its size-inclusive, vibrant and bright activewear and quickly became a popular choice for women across the country. However, the brand filed for voluntary administration on April 9, turning to…
Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, said: “April’s corporate insolvency figures were the highest we…
Mystery buyer makes eleventh hour bid for Zorzi The West Australian Read the original article here