Dairy farmers who are collectively owed millions of dollars have accused the owner of a collapsed Victorian milk broking business of funding his “lavish lifestyle” from the company accounts rather than paying them for their milk. Key points: NDP bought milk from dairy farmers and sold it on to food producers Company collapsed in…
Air operator Citywing is to go into liquidation. All flights have been cancelled from today. The shock announcement was made on the companys Facebook page last night. Citywing said it had found it difficult to source suitable aircraft to operate its services after Van Air lost its route licences on February 24. The Department…
Disgraced wedding dress designer Johanna Johnson is back at work in a new studio across the road from Sydney’s glamorous Bondi Beach despite the company registered in her name being in liquidation. It all came crashing down for the designer last year after Johanna Johnson Pty Ltd went into administration, leaving a huge question mark…
Cardiff-Anglesey airline Citywing goes into liquidation 11 March 2017 From the section Wales Image copyright AirTeamImages Image caption An aircraft operated by Van Air An airline which operated flights between Cardiff and Anglesey has gone into liquidation. Directors of Citywing said the decision was taken after Van Air’s permission to fly to was suspended last…
Air operator Citywing has ceased trading and gone into liquidation. The operator, which runs the Cardiff to Anglesey services , has instructed passengers not to turn up to the airport this morning as “nobody will be there to assist”. Czech company Van Air secured the contract to fly aircraft from Valley to the Welsh capital…
An airline which had operated popular flights to Jersey and the Isle of Mann from Gloucestershire has stopped trading leaving passengers disappointed. CityWing announced last night that it has stopped trading with immediate effect, it had been flying routes from Staverton for many years. The company is now in liquidation. READ: If you see groups…
“When the company needs to get out of the crisis, we need a collaboration from all staff,” said Mr Chaiwat. TAWATCHAI KEMGUMNERD In some organisations, executives are expected to conjure up solutions to challenges based on the force of their personality alone. But Chaiwat Kovavisarach, president and chief executive of SET-listed and mostly state-owned Bangchak…
8 March, 2017 The provisions of the Insolvency and Bankruptcy Code, 2016 (Code) relating to the insolvency of companies and LLPs were notified on 1 December 2016. In the past three months anecdotal evidence suggests that scores of applications have been filed at the National Company Law Tribunal (NCLT) throughout the country. Of these, 64…
A scroll through the Instagram profile of Australian fashion designer Jessica White reveals a charmed life in sunny Bali, replete with cocktails, waterfront parties and an enviable wardrobe. But back home things aren’t so sunny for more than 80 creditors to her company who remain empty-handed since Ms White left Australia potentially owing almost $1…
Stuart Forrest speaking at the launch of the 2017 Entrepreneur of the Year award in Cape Town. Triggerfish Animation Studios is a South African film and entertainment animation company which produced the award-winning feature films Adventures in Zambezia and Khumba. It has also recently created the animation for Roald Dahls Revolting Rhymes TV series, which premiered…