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South Africa’s oldest state-owned company at risk of liquidation newsday.co.za Read the original article here
Ruling Makes Clear a Simple Path to Chapter 15 Recognition Steptoe Read the original article here
The National Company Law Tribunal (NCLT), Allahabad Bench of Sri Praveen Gupta (Member, Judicial) and Sri Ashish Verma (Member, Technical) has dismissed a Section 7 insolvency application filed by M/s Nivedan Fin Invest Lease Limited (Financial Creditor) against real estate developer M/s Cosmos Infraestate Private Limited (Corporate Debtor). Beyond ruling that a short-term business investment…
Australian tour company AVG Travels is under fire for leaving thousands of customers in the lurch after going into liquidation. “You pack your bags, get insurance … and this is what I get in return,” said Pearl Rodriguez, who booked a trip to China. When Pearl visited the head office in Melbourne today, the lights…
The CEO of collapsed property investment advisory Dashdot says it is working to shield clients from the financial fallout, after declaring the startup fell victim to brutal economic conditions, federal budget reforms, and changes to Meta’s advertising system. Related Article Block Placeholder Article ID: 337989 Dashdot fell into voluntary liquidation last week, with the seven-year-old…
MindChamps returns to profitability as Australia remains key growth market MindChamps PreSchool has reported a return to profitability in FY2025, with the Singapore-listed early learning provider highlighting improved financial performance, expansion activity in Australia and plans for further franchise growth as it positions itself for future international expansion. Read the original article here
The company is reportedly owing several Aussie-based disties millions of dollars. Metrocom, owner of GalaPower has gone into liquidation after owing creditors hundreds of thousands of dollars. A notice of liquidation was published on May 25 saying the company would be wound up and that Christopher Peter Sequeira and Andrew John McCabe be appointed as…
One of Australia’s most dramatic technology sector collapses has left some of the nation’s largest IT distributors facing losses exceeding $14 million, raising serious questions about credit controls, supplier exposure, and how a relatively small Victorian retailer was able to accumulate such substantial debts in just a few years. Metrocom AU Pty Ltd, the owner…
JK Riverstone REIT delisting prompts Korea investors to weigh liquidation gains – CHOSUNBIZ Chosunbiz Read the original article here