Engineering companies’ debts soar past $6.8m as liquidator estimate doubles – Courier Mail
Engineering companies’ debts soar past $6.8m as liquidator estimate doubles Courier Mail Read the original article here
Biome Technologies fends off liquidation with heavily discounted equity round
About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class…
Germany sees company bankruptcies soar – DW – 06/14/2024
Germany’s Federal Statistical Office (Destatis) on Friday said 5,209 companies filed for bankruptcy in Germany in the first three months of 2024 — with the trend expected to continue. Experts think the number of corporate insolvencies in Germany will increase to about 20,000 cases this year as part of a longer-term pattern. How do the figures…
1BBI, National Online Quiz, IBC
The Insolvency and Bankruptcy Board of India (IBBI) is a key pillar of the ecosystem responsible for implementation of the IBC. It is responsible for development and regulation of insolvency professionals and other service providers. It regulates various processes, namely, corporate insolvency resolution, corporate liquidation, fresh start, individual insolvency resolution and individual bankruptcy. It acts…
Supreme Court Resurrects Insolvency Proceedings Against BYJU’S
In a significant development for BYJU’S, the Supreme Court of India has reinstated insolvency proceedings against the beleaguered edtech startup. This decision, made on August 14, marks a crucial turn in the ongoing financial turmoil faced by the company. Court Decision and Its Implications The Supreme Court bench, led by Chief Justice DY Chandrachud and…
Rex Airlines enters voluntary administration – The Armidale Express
Rex Airlines enters voluntary administration The Armidale Express Read the original article here
Government guarantees Rex Airlines bookings amid voluntary administration
Government guarantees Rex Airlines bookings amid voluntary administration 89cdb414ea17445c158adb652d4d78b4 … Read the original article here
Roofing materials supplier Lutum and Boral spin-off goes into administration
Lutum, the national roofing tiles and masonry products supplier spun out of ASX-listed Boral in 2021, went into voluntary administration on Tuesday with outstanding debts of $20 million. EY administrator Morgan Kelly, appointed with colleagues Martie Tziotis, Stewart McCallum and David Kennedy, said they were working with Lutum’s existing management to keep the business going…
Dion Lee Goes Into Voluntary Administration
The Australian fashion label Dion Lee has called in the administrators in a major blow to the eponymous brand that has dressed celebrities such as Taylor Swift, Dua Lipa, the Duchess of Sussex and Troye Sivan. The move came after the Australian retail chain Cue announced it had withdrawn its investment in the designer apparel.…
Plant-based meat maker Proform Foods in voluntary administration
The manufacturer of MEET plant-based protein products is continuing to trade, after administrators from KPMG were appointed to the company last week. Established in 2008, Proform Foods has been producing alternative protein products well before other startups like cultured meat startup Vow entered the market. On May 22, Gayle Dickerson and James Dampney from KPMG…