Shares of Adani Power (APL) surged 2% in the morning trade on the NSE today after the company received approval from the Hyderabad Bench of the National Company Law Tribunal (NCLT) for its ₹4,101 crore resolution plan for acquisition of power generation firm Lanco Amarkantak (LAPL). APL shares opened at ₹687 today and hit a…
The administrator for Mesh Direct has decided to liquidate the remainder of the company after Insane Signs purchased the majority of the company’s assets last week. The decision to wind up Mesh Direct Media Pty Limited and place it into liquidation was made at the second creditors meeting on Friday, exactly one month after the…
The Zega Cookware pot and app. Source: supplied. The company behind a range of ‘smart’, bluetooth-enabled cookware has entered voluntary administration two years after it launched its first products. Tim Heesh and Mark Everingham of TPH Advisory have been appointed as voluntary administrators of Zega Intelligent Cookware on March 18 and are now seeking urgent…
An Australian sushi restaurant chain that collapsed last year and was found to be underpaying staff has now racked up a debt worth $21million. Sushi Bay and companies owned by the business went into liquidation over a few months early last year, with all but one of its 13 stores across NSW, the Northern Territory…
Redflow Limited (AU:RFX) has released an update. Redflow Limited, an Australian energy storage company, has entered voluntary administration due to difficulties in securing the necessary equity funding for a strategic plan involving a new factory for large-scale battery manufacturing. Despite confirmed governmental support and commercial interest in their X10 battery, the company failed to attract…
Leading Townsville solar business saved from brink of collapse Townsville Bulletin Read the original article here
How tequila business: ATO debt puts Mexican spot into liquidation Gold Coast Bulletin Read the original article here
One of Australia’s biggest battery technology hopefuls, Redflow, has been placed into voluntary administration in yet another blow to the country’s green industry ambitions. The Brisbane-based company has been working for more than a decade on its flow battery technology – which has the advantage of longer duration and zero fire risk – but has…
Aussie influencer Constance Hall’s fashion brand Queen The Label has collapsed into voluntary administration after seven years. She made the announcement on social media, saying she no longer has money on her books to pay off her debts. “I have been stressed out for seven years, seven years of not giving my kids the time…
Attorney-General Mark Dreyfus said on Friday he deemed it in the “public interest” to place the union into administration, including its WA and ACT branches. The Albanese Labor Government acted in July to place the union under administration nationally following media reports into the CFMEU, after which its South Australian and Victorian branches entered voluntary…