Category Archives: Liquidation

Disputed Ownership Cannot Justify Withholding Mall Revenue Records: NCLAT Upholds RP’s Right to Seek Revenue Details [Read Order]

National Company Law Appellate Tribunal, Principal Bench, New Delhi, has rejected an appeal filed by Mega Mall Management Services Pvt. Ltd. on the grounds that ownership dispute regarding a mall and conflicting contract issues about its revenues do not constitute any reason for non-provision of the requested information to Resolution Professional (RP). Corporate Insolvency Resolution…

DJI Architecture snaps up Allan Corfield group out of liquidation

DJI Architects’ David MacFarlane, Iga Panczyna and Rod McMillan Liquidators have overseen the sale of Fife architectural practice Allan Corfield Architects Ltd (ACA) and its sister company Allan Corfield Structures Ltd (ACS) to DJI Architecture. Founded in Dunfermline in 2009, ACA is a specialist in the self‑build and custom‑build sector, while ACS was established in…

‘Perfect storm’: builder collapses, buyers in lurch

Bathla Group cites a property market downturn and rising construction costs for its financial woes. (Dan Himbrechts/AAP PHOTOS) Home buyers have been left in uncertainty after a debt-laden residential developer called in external administrators to keep the firm afloat. Bathla Group cited a “perfect storm” including a property market downturn and rising construction costs in…

No Cookies | The Cairns Post

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…

Major Wollongong club put into administration amid $3 million legal dispute – Illawarra Mercury

Major Wollongong club put into administration amid $3 million legal dispute  Illawarra Mercury Read the original article here

Major Wollongong club put into administration amid $3 million legal dispute – Milton Ulladulla Times

Major Wollongong club put into administration amid $3 million legal dispute  Milton Ulladulla Times Read the original article here

Bathla collapse puts Sydney home buyers, contractors and lenders on edge – latest building and construction news

Bathla Group, one of Sydney’s most prolific developers of lower-cost housing, has fallen into voluntary administration after a mounting financial crisis engulfed its sprawling property empire. Advisory firm Teneo has been appointed administrator of Bathla’s main corporate entity, Universal Property Group, as well as Raj & Jai Construction, the company responsible for construction across parts…

No Cookies | The Courier Mail

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…

‘Urgent’ Talks Under Way as Overextended Bathla Group Collapses

Bathla Group has called in administrators after months of speculation over its financial health and reports it owes billions of dollars to private credit lenders.  Global advisory firm Teneo confirmed to The Urban Developer that it had this week been appointed as voluntary administrator of the Sydney builder-developer and its subsidiary companies.  Teneo said it…

Sydney developer Bathla Group enters voluntary administration

Australian residential builder and developer Bathla Group, which operates in Sydney, has entered voluntary administration. Its customers have been left in uncertainty, The Guardian reports. Reasons for the decision The company’s founder and director, Bhart Bhushan, described the move as an “orderly business restructuring”. According to him, Bathla Group faced a combination of adverse circumstances:…