Sheung Moon Holdings Faces Liquidation and Trading Suspension – TipRanks
Sheung Moon Holdings Faces Liquidation and Trading Suspension TipRanks Read the original article here
Insufficiently Stamped Agreements Not a Bar to Application for CIRP u/s 7 of IBC: NCLT
The tribunal reaffirmed that agreements that are not suitably stamped or unstamped do not exclude a Section 7 application. The National Company Law Tribunal (NCLT), Bengaluru Bench, ruled that insufficiently stamped agreement is not a bar to admission of petition filed under Section 7 of the IBC, 2016, read with Rule 4 of the Insolvency…
Fox Friday Brewing enters voluntary administration after backer’s collapse
One of Australia’s fastest-growing craft beer businesses has appointed administrators after its primary lender collapsed, placing pressure on operations across three states. Tasmania’s Fox Friday Craft Brewery, which began as a humble nano-brewery in Hobart’s northern suburb of Moonah, confirmed the move on Wednesday, described by founders Sarah and Benn Hooper as one made with…
Dozens of jobs lost as Aberdeen engineering firm closes – BBC
Dozens of jobs lost as Aberdeen engineering firm closes BBC Read the original article here
No Cookies | Gold Coast Bulletin
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Canberra’s Rork Projects in voluntary administration
Rork Projects’ John Paul Janke, front left, and Brian O’Rourke, front right, with staff. The company has been operating for 26 years. Photo: Rork Projects. Another building company with ACT connections has fallen to the conditions plaguing the industry. Rork Projects – Australia’s leading Indigenous construction company specialising in construction management, fit out and refurbishment…
Cult craft brewery collapses after ‘significant’ challenges
A beloved craft brewery has entered voluntary administration following the collapse of its financial backer. Tasmania‘s Fox Friday Craft Brewery announced on Wednesday with ‘heavy hearts’ that McGrathNicol had been appointed as the administrator. The company started as a nano-brewery in the Hobart suburb of Moonah six years ago but has since grown to open venues across…
Footwear brand Wittner collapses into administration
Australian-born footwear brand Wittner is the latest fashion business to fall into voluntary administration. Deloitte Turnaround & Restructuring partners Sal Algeri and David Orr have been appointed as administrators. The brand turns 113 this year. Algeri said trading will continue as normal as the administrators work towards a sale and/or recapitalisation of the Wittner business. …
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Over £275k of unwanted electric cars dumped at the roadside in Nottingham after US Tesla rival went bust
Nine brand new electric cars with a total value of between £278,000 and £520,000 have been dumped at the roadside in Nottingham after the Tesla-rivalling manufacturer went into liquidation last year. American EV brand Fisker filed for bankruptcy in June 2024 after months of rescue talks failed. The Fisker Group, which operates the EV arm…