Cloud DC, the Queensland-founded developer of a virtual application service that ran on Amazon Web Services, has entered liquidation. David Whyte and Andrew Fielding of BDO were appointed administrators on 22 February. A report from the first creditors meeting saw claimed debts totalling more than $380,000. Whyte and Fielding were then appointed as liquidators of the…
A precision engineering company based in Portslade has gone into liquidation, leaving all 16 members of staff redundant. C P Mechanical Designs Limited, which was first registered at an address in Goring Road, Worthing and is now based on Wellington Road in Portslade, has stopped trading after it called in insolvency and restructuring experts from…
Shoppers are resisting the urge to splash cash on new clothes, shoes and fashion accessories, driving a slump in Australia’s retail turnover. Total retail turnover fell 0.1 per cent in February, using seasonally adjusted figures, the Australian Bureau of Statistics revealed on Monday. Play Video Don’t Play The case for the Adani mine project Play Video Don’t Play Video…
For designers, supply chain management can be the least sexiest part of the business. However, as these three collapses prove, it is also essential. Lisa Ho: stock for miles Enough dress bags to last two years, enough shoes boxes to run a race around Surry Hills and 43 kilometres of unused fabric with a value…
Rich-list tycoons accused of fraud and shocking vilification MELBOURNE, AUSTRALIA – OCTOBER 22: Community Training Initiatives CEO Ivan Brown poses for a photo on October 22, 2014 in Melbourne, Australia. (Photo by Arsineh Houspian/Fairfax Media) Photo: Arsineh Houspian exit Rich-list tycoons behind a vocational training empire that collapsed after receiving $100 million in government funding…
The regulations come into force from today New Delhi, March 31: The Insolvency and Bankruptcy Board of India (IBBI) has issued regulations pertaining to the voluntary liquidation process for corporate persons. The regulation, which will come into force on April 1, 2017, lays down the process from initiation of voluntary liquidation of a corporate person…
Following a lengthy struggle with financial insolvency, gaming peripheral maker Mad Catz has formally ceased all operation. The company’s directors and officers have all resigned, and its assets will be liquidated. The company that spent nearly three decades pumping out PC and console gaming gear is no more.
Great Moscow Circus performers stranded, tour canned exit RELATED COVERAGE Thirteen international circus performers are stranded, cashless in Ballarat after the Great Moscow Circus went into liquidation this week. The circus was booked to perform at Ballarat Showgrounds for four nights, from Wednesday through to Saturday. Staff and contractors were told on Tuesday the company was…
New Delhi, March 31: The Insolvency and Bankruptcy Board of India (IBBI) has issued the regulations on voluntary liquidation process for corporate persons. This regulation, which will come into force on April 1, 2017, provides the process from initiation of voluntary liquidation of a corporate person till its dissolution. The corporate person for the purpose…
Insolvency: Wollongong Coal is not hopeful it will recover any money from Arun Jagatramka. Struggling miner Wollongong Coal has won a $91 million judgment in a long-running court case against its former parent company, Arun Jagatramkas Gujarat NRE Coke. But the result is a bittersweet one for the Indian-owned, Wollongong-based coal firm, as it is…