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…
‘It’s a mess’: Watersun Homes collapse leaves pregnant woman, fiance in the lurch Ebony Murner and her fiance Matthew Filmer. Photo: Supplied Watersun Homes was placed in voluntarily administration on Tuesday. Photo: Courtesy of The Bendigo Advertiser Matt Filmer and Ebony Murner in front of their unfinished house in Meredith. Photo: Justin McManus Matt Filmer…
SANTERAMO IN COLLE, Bari, Italy–(BUSINESS WIRE)–The Board of Directors of Natuzzi S.p.A. (NYSE:NTZ) has approved the Full Year 2016 consolidated results. Consolidated net sales in 2016 were 457.2 million, down 6.4% from 488.5 million in 2015. Under constant exchange rates, net sales would have declined by 4.9%. Natuzzis core business (sofas, beds and furnishings) reached…
A board falling-out on the back of a poor first-half result has sparked the sudden resignation of Coventry Groups chief executive after just two years. Peter Caughey, who orchestrated a sweeping restructure of Coventry after relocating the fasteners to gaskets company to Melbourne in 2015, will serve out his six-month notice period on gardening leave.…
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…
The chief executive of training organisation Republica Education says Australia needs to rethink how private colleges, TAFEs and universities deliver higher education after government policy contributed to Republica entering liquidation this week. The companys chief executive Ryan Trainor told SmartCompany the liquidation of Republica Education Pty Ltd, which until recently had five specialist training schools in the area of…
Life is sweet in the new population centre of Victoria exit Ten years ago the population centre of Victoria was a single-storey house in Sutherland Street, Hadfield. Today it’s a grey factory on Bakers Road in Coburg North, some 2?? kilometres south, which looks a bit like the meth lab in Breaking Bad. Population centre…
The event was due to be held in Wales next month. The first ever Safe As Milk Festival has been cancelled due to low ticket sales. Due to be held at Pontins in Prestatyn, Wales over April 21-23, the event had performances booked from artists including Jeff Mills & Tony Allen, Actress, Demdike Stare, Karen Gwyer, Princess Nokia…
One of Australia’s largest accountancy firms, PricewaterhouseCoopers, has been accused of misleading or deceptive conduct over its audits of failed training college owner Vocation Limited. PwC was last week named as a defendant in the class action brought against Vocation. Play Video Don’t Play Dear ScoMo, it’s a matter of trust. Play Video Don’t Play…