Liquidation possible for CQ coal miner, WICET part-owner with $4b debt – Gladstone Observer

LIQUIDATION is possible for a collapsed central Queensland coal miner, a creditors’ report has revealed. Winding up Caledon Coal was recommended by administrator PPB Advisory at the last creditors’ meeting. The Cook Colliery mine owner and Wiggins Island Coal Export Terminal part-owner was placed into administration earlier this year with a debt of about $4billion.…

Matisse goes into administration amid Scarborough works – The West Australian

The Scarborough beachfront venue called in administrators on Friday. Matisse, the beach club which tried to add some glamour to Scarborough, has gone into voluntary administration. The beachfront venues sole director, Sean Reid, called in administrators Rob Kirman and Rob Brauer from restructuring and insolvency firm McGrathNicols local office on Friday. Mr Reid declined to…

App development company Buzinga collapses into liquidation after rapid expansion – SmartCompany.com.au

Mobile application and software developer Buzinga has entered liquidation, with a some clients allegedly left with incomplete projects. SmartCompany understands some businesses working with Buzinga to develop software have been left out in the cold midway through projects, with no indication if they will be resumed. Buzinga Pty Ltd entered liquidation on July 3, with a…

Lanco sub-contractors gear up to fight against encashment of bank guarantees – Hindu Business Line

The RBI has directed lenders of Lanco to initiate corporate insolvency proceedings against the company under the Insolvency and Bankruptcy Code Mumbai, July 10:   A week after New Delhi-based Hindustan Powerprojects encashed bank guarantees of Lanco Infratech worth 500 crore, due to unfulfilled contractual obligations at the latters 2,520MW Anuppur thermal power plant, the sub-contractors…