SYDNEY – Sydney property developer Bathla Group’s collapse has left thousands of Australian homebuyers – who have paid deposits and are waiting for their off-the-plan homes to be built – in limbo. Those caught up in Bathla’s crisis face a patchwork of outcomes. They could potentially get their deposits back or eventually receive the keys…
Under voluntary administration and having stood down two-thirds of its staff, embattled property developer Bathla Group has left dozens of customers in limbo, with many wondering: What happens next? Out of the company’s 45 active projects, it is not yet clear how many will continue construction under a short-term funding lifeline announced on Monday. However,…
Highfield Resources Enters Voluntary Administration; Receivers Assigned to Subsidiary KCL Resources Kalkine Media Read the original article here
National Insurance Commission (NAICOM) has cancelled the Certificate of Registration of NICON Insurance Company Limited (RIC-049), and has appointed Chukwuma-Machukwu Ume, Senior Advocate of Nigeria, as receiver/provisional liquidator of the company. National Insurance Commission (NAICOM) has cancelled the Certificate of Registration of NICON Insurance Company Limited (RIC-049), and has appointed Chukwuma-Machukwu Ume,
This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine. Any information/advice provided in this article is general in nature…
Shoppers are seen inside a Homeplus store in Seoul, Sept. 2. Yonhap Homeplus, which had been on the brink of liquidation, cleared a major legal hurdle with the court’s approval of its rehabilitation plan earlier this month. But while finding a new owner to continue the business is essential to Homeplus’ long-term recovery, it remains…
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A UK air festival has been cancelled in its inaugural year as the company behind it collapses into liquidation. The Hampshire Air Festival had been due to take place at Thruxton Aeorodrome in Andover on September 12 and 13. Montserrat Events & Festivals Limited said the decision to axe the weekend of aviation was taken…
Corporate Insolvency and Governance Bill akingump.com Read the original article here
An insolvent trading claim was dismissed by the NSW Supreme Court when a creditor was unable to prove that a company was insolvent at the time it incurred its debts. The decision is a useful reminder of the essential elements of an insolvent trading claim, and where the onus of proof lies. This update explores…