The Supreme Court on Thursday declined to stay the operations of a recently formed Committee of Creditors (CoC) overseeing the corporate insolvency resolution process (CIRP) initiated against the embattled ed-tech giant Byju’s, stating that the court would examine the merits of the case before issuing any further orders. A bench, led by Chief Justice of…
Company claimed to be able to provide cheap hospitality at events such as the Six Nations and Formula 1 races Prive Global Sports Ltd offered heavily discounted hospitality packages to businesses for in-demand sporting events The company’s clients paid for packages which were later cancelled with no refunds provided Customers have lost more than £600,000…
Australian Plant Proteins (APP), the only manufacturer of Australian-grown faba bean and pulse protein isolates, has entered voluntary administration. APP operates the largest of three commercial-scale plant protein fractionation facilities in Australia, producing 1200 tonnes of isolates per year at the site in Horsham, Victoria. The ingredients are used by domestic and overseas companies in…
Credit: William Edge / Shutterstock.com Australia’s Kimberly Meat Co. and its subsidiaries have been bought out of administration by a Canadian investor. Alberta Investment Management Co. (AIMCo), based in Edmonton, Alberta, said it has… Read the original article here
Australian battery manufacturer Redflow has entered voluntary administration after failing to secure capital to upscale its X10 battery for larger projects. August 23, 2024 Ev Foley From pv magazine Australia Redflow, a Brisbane-based zinc-bromine flow battery producer, has entered into voluntary administration after failing to secure capital to scale up its X10 battery to target…
Company claimed to be able to provide cheap hospitality at events such as the Six Nations and Formula 1 races Prive Global Sports Ltd offered heavily discounted hospitality packages to businesses for in-demand sporting events The company’s clients paid for packages which were later cancelled with no refunds provided Customers have lost more than £600,000…
Brisbane-headquartered battery manufacturer Redflow has entered voluntary administration after failing to secure capital needed to upscale its X10 battery for larger MWh projects. August 23, 2024 Ev Foley Brisbane-headquartered zinc-bromine flow battery producer Redflow has entered into voluntary administration after it was unable to attract capital to scale up its X10 battery to target larger…
Owner distress as companies plunge into administration The North West Star Read the original article here
Posted By: Peter Gosnell 17 November 2023 de Jonge Read founder and executive director Henry ‘Hank’ de Jonge. At first glance, schooling accountants on saving businesses when one of your own companies is hopelessly insolvent would seem presumptuous. But maybe insights that cannot be acquired without enduring the stigma of unmanageable indebtedness imbue one with…
The SRA is entitled to the relief of extending the protection under Section 32-A to lift the attachment by the Enforcement Directorate over the Corporate Debtor’s assets The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has directed the Enforcement Directorate (ED) to lift the PMLA attachment on the corporate debtor’s…