Legal GA Development Fund faced a winding up petition from Bennett Construction, which is owed €7.8 million arising from unpaid fees The project dubbed Camden Yard was around two years away from completion before works stalled on the site last summer Read the original article here
A breakdown of the business landscape across Australia has revealed record-high insolvencies, with things expected to get worse as we enter 2025. CreditorWatch released its November Business Risk Index, with data showing insolvencies are at “record highs in number,” up 57 per cent since November 2023. Further, the average business failure and closure rate across…
Sky high lifeline for Rex Airlines ac29e265e8bf9921af1acb484deeba96 … Read the original article here
Busy Bee Airways Pvt Ltd, a company backed by EaseMyTrip co-founder Nishant Pitti and unsuccessful bidder for Go First (Mumbai International), is challenging the January 20 National Company Law Tribunal ruling allowing the liquidation of the low-cost carrier. As reported by CNBCTV 18, Busy Bee’s counsel, Apoorv Aggarwal, argues his client should be allowed to…
Data breaches and ransomware attacks in the US are increasing companies’ risk of financial losses, in many cases dragging them into bankruptcy or putting them out of business altogether. Data breaches cost companies across the world on average about $4.9 million, and nearly double that amount in the US, according to a 2024 study by…
Family’s ‘torturous’ four years of dealing with pool company Stuff Read the original article here
Indian Institute of Corporate Affairs (IICA) inaugurates sixth batch of its flagship Post Graduate Insolvency Programme (PGIP) PIB Read the original article here
After 39 years in business, high-end fashion retailer Harrolds was placed into liquidation earlier this month with debts of $http://www.businessnewsaustralia.com/12.5 million, but a message on the company’s website has alluded to a possible resurrection of the business. Andrew MacNeill, of SMB Advisory, was appointed liquidator to four subsidiaries of the Melbourne-based Harrolds Group on 3…
(Bloomberg) — Hong Kong gym chain Physical Beauty & Fitness Holdings Ltd. received a liquidation order in Hong Kong after the judge said the company is insolvent. The company’s assets, mainly gym and beauty equipment after adjustments, are worth just over HK$15 million ($1.9 million), Judge Linda Chan said at a court hearing on Monday.…
Hong Kong Gym Chain Physical Heads to Liquidation After Hearing Bloomberg Read the original article here