Unpaid wages, huge tax debt: Labour-hire company’s catastrophic collapse – Sunshine Coast Daily
Unpaid wages, huge tax debt: Labour-hire company’s catastrophic collapse Sunshine Coast Daily Read the original article here
Rex Airlines in voluntary administration; regional flights unaffected
Rex Airlines has gone into voluntary administration with flights between major airports cancelled. The carrier has grounded all its Boeing 737 jets, with Virgin Australia allowing REX customers on those flights to transfer to their services free of charge. Affected customers are being contacted directly by REX. Regional Saab 340 flights in areas including Merimbula…
Why there are likely more business failures than insolvency numbers suggest
Open this photo in gallery: A commercial retail space is advertised for lease along King Street West in Toronto on March 9, 2021.Tijana Martin/The Canadian Press Daryl Ching, a Toronto-based chartered financial analyst, has worked with dozens of small business owners over the years. Some of them, unfortunately, fell on hard times and had to…
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Rex Airlines enters voluntary administration – Sydney Morning Herald
Rex Airlines enters voluntary administration Sydney Morning Herald Read the original article here
The interplay between the Cape Town Convention and insolvency law when a private airline company undergoes liquidation in India
Krrishan Singhania K Singhania & Co, Mumbai [email protected] Avni Singhania K Singhania & Co, Mumbai [email protected] K. Anjana Devi K Singhania & Co, Mumbai [email protected] Aayush Shah K Singhania & Co, Mumbai [email protected] Overview of the aviation insolvency proceedings before Indian courts In India, the Insolvency and Bankruptcy Code (IBC) was introduced to safeguard stakeholders’…
Bonza creditors liquidate company in Hall Chadwick meeting
The future of budget airline Bonza is officially over, with creditors voting to liquidate the company. At a meeting with administrators Hall Chadwick on Tuesday, the upstart airline’s creditors ended the months-long saga that kicked off in late April when the company first collapsed. “The second meeting of creditors took place today, where it was…
REX ASX: Rex Airlines enters voluntary administration” – WAtoday
REX ASX: Rex Airlines enters voluntary administration” WAtoday Read the original article here
What’s keeping the Go First insolvency saga boiling?
Last week the National Company Law Tribunal (NCLT) granted a 60-day extension to the grounded airline Go First to complete its insolvency process. It was the fourth time it was doing so. In this issue of DH Deciphers, Abhilash Reddy, unpacks why the matter is dragging and how it got here. How long has the…
East Imperial PLC Announces Voluntary Liquidation
East Imperial PLC (GB:EISB) has released an update. East Imperial PLC, once a leading producer of super-premium beverages, has announced plans for a creditors’ voluntary liquidation, with a shareholders’ meeting scheduled for August 28, 2024, to appoint joint liquidators from Begbies Traynor (London) LLP. The meetings, where creditors will also decide on the liquidation committee…