Varde Partners bankrolls ‘mini-Min Res’ mining services, gold play – The Australian Financial Review

Rivet is a specialised transport and logistics, contract mining, equipment hire and maintenance and aviation services business run by former Asciano Ltd managing director Rowsthorn and SMS Mining Services founding director Daniel Sweeney. Adaman is backed by Rivet and the Mitchell Group and has two gold projects in Western Australia. (Interestingly, Adaman went into voluntary…

Pre-pack insolvency for MSMEs: How it differs from corporate insolvency resolution process; key features – The Financial Express

As against CIRP, which follows creditor in control model, the pre-pack process would work on debtor in possession model. By Harish Kumar and Itee Singhal Ease of Doing Business for MSMEs: The pre-pack insolvency resolution process (pre-pack process), which has been in many discussions since the publication of the Insolvency Law Committees (committee) recommendations on…

Struggling Cavalry in pitch to secure long-term future – The RiotACT

Canberra Cavalry pitcher Shawn Morimando in action at Narrabundah Ballpark. Photo: Peter Norton. A new ownership structure as part of an overall restructuring of the Canberra Cavalry national baseball franchise is imminent after the club was forced into voluntary administration at the end of March. Back-to-back seasons disrupted by unforeseen circumstances hit the club hard,…

Commentary – Company Insolvency Statistics January to March 2021 – GOV.UK

Released 30 April 2021 Next release 30 July 2021 Media enquiries Steven Fifer +44 (0)30 3003 1568 Statistical enquiries Becca Wedge-Roberts (author) [email protected] Kate Palmer (responsible statistician) 1. Main messages for England and Wales One in 396 active companies (at a rate of 25.3 per 10,000 active companies) entered liquidation between 1st April 2020 and…

Administrators granted huge Wadley’s pay claim | News – Australasian Transport News

Date: 30.04.2021 Supreme Court accepts complex task made more difficult by range of challenges WITS assets were eventually auctioned off as part of its liquidation The Supreme Court of Victoria Commercial Court brings into sharp relief the cost of company failure as external administrators are approved remuneration of more than $320,000 for their work in…