Regional Express (REX), Media Release, 6 August 2024 Hi there, I’m Sam Freeman, and alongside Justin Walsh, Adam Nikitins, and our team, we have been working to ensure Rex’s regional services continue through – and beyond – Rex’s Voluntary Administration. As we shared on social media last week, we’ve been focused on ensuring our regional…
Coffee Day Enterprises Ltd (CDEL) shares recorded a sharp cut in Monday’s trade, extending their losing run for the third straight session. The stock dived 19.47 per cent to hit a day low of Rs 37.55. It was last seen trading 15.14 per cent down at Rs 39.57. At this price, the scrip has slipped…
Furniture, fittings of struggling cabaret being flogged online Gold Coast Bulletin Read the original article here
A Perth-based wireless earbud company, voted one of the best inventions of 2020, has appointed a voluntary administrator. Nuheara announced to the ASX it had been expecting a $2.5 million investment known as a convertible note from audio company Realtek Semiconducter Corporation that did not eventuate. It was also expecting a commercial and royalty agreement…
NCLT Approves Resolution Plan For Nirmal Lifestyle Realty BW Legal World Read the original article here
Damning findings in Dynasty liquidation as debt climbs to $2.4m Sunshine Coast Daily Read the original article here
Noosa businessman places company into administration Sunshine Coast Daily Read the original article here
NCLT Bengaluru admits insolvency petition filed by IDBI Trusteeship Services against Coffee Day Enterprises, the parent company of the Coffee Day Group which owns and operates a resort, renders consultancy services and is also engaged in the sale and purchase of coffee beans. Coffee Day Enterprises had defaulted on a payment of Rs 228 crore.…
Transport company liquidates owing $600k+ to creditors Courier Mail Read the original article here
In short: In Rex’s first creditors’ meeting, administrators revealed Rex’s debts totalled $500 million, owed to 4,800 creditors. During the meeting, administrators said they were still investigating what caused the company to accrue so much debt What’s next? Administrators are still working through the company’s books. Administrators for beleaguered regional airline Rex say the company…