4 min read Last Updated : May 26 2024 | 11:11 PM IST In the three years since its launch, the prepackaged insolvency resolution process has had a slow start, with limited interest from micro, small, and medium enterprises (MSMEs) and lower recoveries than the normal corporate insolvency resolution process. In 2021…
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End of story: ASX-listed online retailer Booktopia hits voluntary administration Startup Daily Read the original article here
Women walk past a closed Cafe Coffee Day shop in Srinagar, Wednesday, July 31, 2019. Photo: PTI 3 min read Last Updated : Aug 13 2024 | 1:53 PM IST Coffee Day Insolvency Proceedings NCLT: Coffee Day Enterprises share price were under pressure for a second day on Tuesday. At 1:20 PM, Coffee Day shares…
In short: The director of a festival company has been accused of trading while insolvent and using income generated from events to pay her personal rent, which she denies. Many artists, musicians and other contractors of The Gathering of the Goddesses festivals in Victoria and Tasmania say they were not paid for their work and…
Online book retailer Booktopia has appointed voluntary administrators after it failed to secure enough funding to avoid collapse. The Australian online business has appointed Keith Crawford, Matthew Caddy and Damien Pasfield from McGrathNicol to oversee a sale, or the selling of parts. “The Administrators are undertaking an urgent assessment of Booktopia’s business while options for…
(Bloomberg) — Beauty brand Avon Products Inc. should slow down its bankruptcy case so that people who allegedly got cancer from the company’s products have time to study any potential payout plan, a lawyer said in court Wednesday. Victims deserve a special committee to represent them in the Chapter 11 case, said Todd Phillips, a…
A caravan manufacturing company has collapsed with debts of more than $1 million. On Tuesday, Victorian-based Highline Caravans Pty Ltd went into voluntary liquidation. The Melbourne company designed and built custom caravans for customers. Highline Caravans has been a registered business for 11 years, since 2013, and offered 13 different models to customers including an…
Booktopia Group and its subsidiaries have entered voluntary administration two weeks after calling a trading halt at the ASX-listed online retailer which raised fears for its financial future. Keith Crawford, Matthew Caddy, and Damien Pasfield from McGrathNicol Restructuring have been appointed as administrators on 3 July 2024 and are now assessing Booktopia’s business and exploring…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Corporate insolvencies in England and Wales rose to their highest level since 1993 last year, according to official figures that lay bare the challenges facing companies amid slowing demand and high production costs. There were 25,158…