Petbarn acquires assets of animal supplies business that collapsed into voluntary administration – SmartCompany.com.au

Liquidation

Pet supplies retailer Petbarn has scooped up the assets of a string of companies that collapsed into voluntary administration last month. Animal Supplies Group, which operated businesses such as Animal Supplies Wholesale and Pet Brands Connect, called in administrators on April 14. Vaughan Strawbridge and David Lombe from Deloitte were appointed voluntary administrators. Animal Supplies…

Queensland Arts Council goes into voluntary administration – Brisbane Times

Liquidation

Premier Annastacia Palaszczuk has affirmed her commitment to regional schools arts touring as the organisation responsible for delivering the program battles extreme financial hardship. Artslink Queensland, formerly known as the Queensland Arts Council, has entered voluntary administration with the first creditors meeting held on Tuesday morning. Artslink Queensland, formerly known as the Queensland Arts Council,…

Making liquidation smooth was the target of Bankruptcy Code: Bhupender Yadav, – Hindu Business Line

Liquidation

Key will be timely implementation, says Joint committee chief New Delhi, April 28:   The existing framework for insolvency and bankruptcy is inadequateand laws are scattered when it comes to dealing with business failure. There is a need for comprehensive legislation, said Bhupender Yadav, Chairman of the Joint Committee on the Insolvency and Bankruptcy Code. Yadav,…

India Panel Approves Insolvency Laws, Sets Stage for Passage – Bloomberg

Liquidation

An Indian parliamentary panel approved a bill aimed at overhauling century-old bankruptcy regulations, taking a key reform measure aimed at improving ease of doing business closer to implementation. The panel, comprising members from the ruling as well as opposition parties, proposed that the Insolvency and Bankruptcy Code should include laws to seize overseas assets of defaulting…