The federal court approved an extension of Regional Express (Rex) Airline’s voluntary administration by Ernst & Young (EY) Australia on Thursday 21 November. Rex Airlines entered into voluntary administration on 31 July and ceased service between major cities, costing 600 people their jobs and putting regional air service at risk. The airline found…
Troubles have been brewing at KTM for most of 2024, with the company’s financial problems well documented. The Austrian company has laid off a number of staff throughout the year, including many key executives, and only a few weeks ago set off alarm bells in the Swiss stock exchange when it forecast a loss for…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Photo: Screenshot For eight years Nanogirl Labs brought science to young people – through live shows, education programmes and STEM kits. But a tough business environment has seen it placed in liquidation, with the first liquidator’s report due out today. Nanogirl Labs was founded by Dr Michelle Dickinson and her husband Joe Davis. It aimed…
Anthony Cummings — the son horse racing legend, Bart — reportedly owes more than $2 million and has had his training business placed into liquidation. The Cummings name is synonymous with horse racing in Australia, with the late Bart Cummings training a staggering 12 Melbourne Cup winners and now has a race named after him…
SolarZero customers likely stuck in lengthy contracts after liquidation Stuff Read the original article here
“I don’t believe any of that applies. I acted in good faith at all times,” Cummings said on Thursday. “The reality is the biggest debts owed by the training company were to me, my wife and my thoroughbred company. That’s a matter of fact. I’ve had discussions with the majority of people involved and there…
Infosys previously had plans to sell the e-commerce firm in 2019 but had it declassified as “held for sale.” The software company instead opted to repurpose the firm’s business as they didn’t expect a sale to materialise in the expected time period. Together, these assets amounted to Rs 2,060 crore (or $316 million), and liabilities…
New Delhi: The Committee of Creditors (CoC) of the bankrupt airline Go First has voted to appoint Dinkar Venkatasubramanian as the liquidator for the airline’s liquidation proceedings. The resolution professional counsel submitted the CoC’s recommendation to the National Company Law Tribunal (NCLT) for approval on Thursday. However, the NCLT did not pass the approval order…
The Taxpayers’ Union has criticised the Govenment’s investment loss in SolarZero, a solar energy company that went into liquidation calling it a “disgraceful waste.” The investment was made by the Crown-owned New Zealand Green Investment Finance (NZGIF), a fund established in 2019 under the Labour-led government of Prime Minister Jacinda Ardern to support low-emission projects.…