Navigating Construction Industry Insolvency: Red Flags and Precautionary Measures – Lexology
Navigating Construction Industry Insolvency: Red Flags and Precautionary Measures Lexology Read the original article here
Korean Biotech Firms Struggle as Drug Trials Fail, Triggering Liquidations and Layoffs
According to the pharmaceutical and biotechnology industry on the 17th, drug research and development company OsteoNeuroGen is set to hold an extraordinary shareholders’ meeting on the 25th to propose the company’s dissolution. (Image from OsteoNeuroGen webpage) SEOUL, June 18 (Korea Bizwire) — A string of clinical trial failures is putting severe financial strain on South…
Newcastle Live continues after Spiritcorp goes into administration | Newcastle Herald
Josh Leeson is a news and features journalist, who focuses on Lake Macquarie, politics and entertainment at the Newcastle Herald. He first joined the masthead in 2008 after stints at the Namoi Valley Independent and Port Stephens Examiner and has previously covered sport, including the Asian Cup, A-League, Surfest, cricket and rugby league. Josh Leeson…
What’s Going On Bw GlobalBees & Kuber Industries?
Insolvency tremors have hit yet another player in India’s startup ecosystem. This time, it’s GlobalBees—the high-profile, Thrasio-style startup known for acquiring and scaling D2C brands. Surprisingly, the blow hasn’t come from a disgruntled vendor or market pressures, but from within its own investment circle. Kuber Mart Industries, a company that GlobalBees had backed with ₹50…
Will Esoteric come back? Music festival enters voluntary administration – Bendigo Advertiser
Will Esoteric come back? Music festival enters voluntary administration Bendigo Advertiser Read the original article here
NCLT grants 854 days exclusion to RP in insolvency of Vijay Suraksha Realty LLP
National Company Law Tribunal, Mumbai: In an application filed by the Resolution Professional (‘the RP’) for Vijay Suraksha Realty LLP (‘the Company’) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (‘IBC’) seeking exclusion of 854 days and an extension of 60 days, the Two-Member Bench of Lakshmi Gurung ,Judicial Member and Hariharan Neelakanta…
Brutal text sent to staff as company collapses
About 140 people across Australia have been immediately sacked following the sudden collapse of Australia’s largest distributor of second-hand office furniture. Staff at furniture company Egans received a text message on Friday morning telling them to attend a compulsory all-staff meeting, where they were told they no longer had jobs. “Notice of important company announcement,”…
No Cookies | The Courier Mail
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Sails Motor Inn company hit rough waters after failing to pay debts – Waikato Times
Sails Motor Inn company hit rough waters after failing to pay debts Waikato Times Read the original article here
STARLEATON LIQUIDATED ON NON-PAYMENTS – Print21
By Wayne Robinson | 18 June 2025 Stricken wide-format supplies business Starleaton has finally been placed into liquidation, with the company not making any of its $33,000 a month payments required under its DOCA for the past three months. All over for Starleaton: Ben Eaton The former $20m a year family-owned national business initially placed…