Johnstone and Area Community Transport revealed they ceased trading on June 9. The non-profit firm’s director, John McBarron, said it was with “great sadness” that an agent had been appointed for the liquidation of the “small” transport company. SPT announced last week they had issued an advert for a temporary replacement for Johnstone and Area Community Transport’s services.…
GlobalBees Brands Private Limited, a subsidiary of Brainbees Solutions Ltd (which owns FirstCry), is facing an insolvency plea at the National Company Law Tribunal (NCLT), New Delhi. Ashutosh Garg, Paritosh Garg, and Manju Agarwal, the directors of Kuber Mart Industries, have approached the NCLT, New Delhi bench, under Section 7 of the Insolvency and Bankruptcy…
In June 2020, the company raised $3.2m via online investing platform Snowball Effect, and a further $409,287 three years later. Creditor proposal rejected In a letter to creditors dated April 17, seen by the Herald, Little Island director Wade Gillooly said the company had been in a difficult financial position over the past five months.…
Former Whyalla Steelworks parent company GFG Alliance has placed its subsidiary Whyalla Ports into voluntary administration. In a statement, the company said it had no choice after the State Government intervened last month to determine the control of the facility. It comes after the company was embroiled in a federal court case with adminstrators Korda…
Mwave has secured a lifeline following the voluntary administration of its former holding company, Esel Pty Ltd. The digiDirect Group acquired the online technology retailer and offered employment opportunities to all its affected staff. Mwave is The digiDirect Group’s latest acquisition, following library supplier James Bennett in May and online bookstore Booktopia in August 2024.…
The future of troubled Esoteric Festival in country Victoria is uncertain unless someone volunteers to buy its parent business, along with millions of dollars of debt. The multi-day electronic music, arts and lifestyle event, outside tiny Wimmera town Donald, about 290 kilometres north-west of Melbourne, was cancelled in March this year the day before it…
After huge tax bill, company owner transfers home into spouse’s name Stuff Read the original article here
A North Otago organic vegetable growing business, recently approached to appear on Country Calendar, has gone into voluntary liquidation owing more than $1million, while a subsidiary company owes more than $300,000. Organic Solutions, which traded as Oamaru Organics, is 53.45% owned by James Porteous — who is also the sole director — and Australian-based Lanson International…
Burger chain eyes Christchurch, despite owner having 10 companies in liquidation The Press Read the original article here
Technology retailer, gaming brand forced into Chapter 7 bankruptcy MSN Read the original article here