Update: ACG maintains GVP liquidation would be ‘short-sighted’ – Investment Week

Two-thirds of GVP shareholders voted against continuation of the trust in July Associated Capital Group has claimed a vote to liquidate the Gabelli Value Plus+ Trust (GVP) would be short-sighted, as it confirmed it would abstain from voting on whether the trust should be discontinued and, ultimately, liquidated. The GVP board announced on Monday (8…

KPMG believes Soar Aviation was insolvent a year before administration – Australian Aviation

KPMG believes Soar Aviation was insolvent a year before administration Each day, our subscribers are more informed with the right information. SIGN UP to the Australian Aviation magazine for high-quality news and features for just $99.95 per year Read the full article at: https://australianaviation.com.au/2021/02/kpmg-believes-soar-aviation-was-insolvent-a-year-before-administration/

Delhi High Court seeks response from RBI in plea against initiation of insolvency proceedings against DHFL – Bar & Bench – Indian Legal News

Published on :06 Feb, 2021 , 11:47 am The Delhi High Court has issued notice in a petition by India Leprosy Foundation, a public Charitable Trust, against the initiation of insolvency proceedings against Dewan Housing Finance Corporation Limited (DHFL) [India Leprosy Foundation vs RBI]. A Bench of Chief Justice DN Patel and Justice Jyoti Singh…

Nationwide vehicle transporter goes into voluntary administration – Big Rigs

Australias largest vehicle transporter Autocare Services has gone into voluntary administration, citing volatile market conditions, declining vehicle volumes and increasing operating costs as reasons. Big Rigs has asked parent company LINX Cargo Care Group for more details on what todays news means for the many truckies with Autocare, and exactly how they are impacted. An…

“Devastated”: CATO reacts to Tucan Travel’s collapse – Travel Weekly – Travel Weekly

The Council of Australian Tour Operators (CATO) has acknowledged Tucan Travels contribution to the industry following the UK and Australian-owned companys collapse. The council said in a statement it was devastated to learn that Tucan Travel had been placed into voluntary administration due to the impact of COVID-19. [CATO] would like to acknowledge its 33-year…

‘Sting In The Tail’ Warning Despite Significant Year-On-Year Fall In Corporate Insolvencies – Bdaily

Member Article A sting in the tail of the official annual corporate insolvency figures for 2020 could indicate that North East businesses can expect to face challenges in the year to come. Thats the view of Alexandra Withers, North East chair of insolvency and restructuring trade body R3, after the Insolvency Services official figures for…