He said unfortunately the staff have been let go, with some still assisting the liquidator in the realisation process. Gair said he hoped that a sale would enable staff to be re-employed. Milk Kitchen was contracted to manufacture a range of drinks for both the domestic and international markets, including juices, Ultra-High Temperature (UHT) and…
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It’s just before lunchtime and the dairy next to the Maketū Pies factory is bustling. Some clutch paper packets containing flaky, golden pastry wrapped around a piping-hot filling. Maketū Pies has been a fixture of the tiny coastal Bay of Plenty town since 1982 and is considered a major employer, but its future is in…
LONGMONT, Colo., Nov. 25, 2024 /PRNewswire/ — S&W Seed Company (Nasdaq: SANW) today announced it has finalized the voluntary plan of administration (“VA”) process for its subsidiary, S&W Seed Company Australia Pty Ltd (“S&W Australia”). “As a result of the VA process being completed, on a go forward basis S&W is exclusively focused on its…
Highlights The Supreme Court upheld the NCLAT’s decision to remand the case back to the NCLT for reconsideration. The NCLAT had previously determined that GTL Limited defaulted on its debt, allowing Canara Bank to initiate insolvency proceedings. The Supreme Court has dismissed GTL Limited‘s appeal against the National Company Law Appellate Tribunal‘s order, which remanded…
Victorian distillery and tourist attraction Billson’s has entered voluntary administration, after what co-owner Nathan Cowan called “vast and incomprehensible” challenges to the business. Billson’s, which operates from a historic facility in the north-east Victorian town of Beechworth, reportedly tapped Rob Smith and Matthew Hutton of McGrath Nicol as voluntary administrators on Wednesday. In a statement…
Investors in cosmetics brand Kester Black say they were only told of the company’s financial hardships weeks after it entered voluntary administration, surprising those who contributed to its $2.1 million equity crowdfunding raise three years ago. The ethical beauty label secured $2.16 million from nearly 1700 Birchal investors in October 2021, at a valuation of…
Australian-owned and operated battery and smart inverter outfit Redback Technologies has announced the launch of its “next generation” home solar and battery range, just six months after a brief stint in voluntary administration. The Brisbane-based company went into voluntary administration in March, just days after being a part of the Smart Energy Conference in Sydney,…
Australian fashion group Mosaic Brands owes around $249 million to various entities, according to documents tabled to ASIC and obtained by Ragtrader. It comes weeks after the brand fell into voluntary administration, with FTI Consulting’s Vaughan Strawbridge, Kate Warwick, David McGrath, and Kathryn Evans being the appointed voluntary administrators. Meanwhile, KPMG’s David Hardy, Gayle Dickerson,…
Chch-based medical cannabis company in administration The Press Read the original article here