Kathleen Jessop / 18 March 2019 Just as local resident thought the clean-up of the Lara tip was going well, the new owners of the site have revealed they are in liquidation. The Australian Sawmilling Company (TASCO) took over the site from C&D Recycling, who refused to pay over $300,000 in tax debt. Former owner/operator…
A POPULAR toy store chain, with an outlet on the Sunshine Coast, will close stores over the next two weeks after its parent company announced it had gone into voluntary administration yesterday. Staff at Build-a-Bear Workshop were told of the devastating news during the week ahead of the final days of trade. A Facebook post…
Credit Agricole SA backed blockchain startup SETL has landed in troubled waters. The company recently appointed administrators to reorganize its business as noted in its corporate insolvency notice. Bloomberg reported that the company would be working with Quantuma LLP to reorganize its business. A Promising Start Leads Nowhere About two months ago, the startup appointed…
Pursuant to an Order dated 13 March, 2019 of the National Company Law Tribunal, Kolkata Bench, Corporate Insolvency Resolution Process (CIRP) has been initiated for Tantia Constructions Limited (the Company) as per the provisions of the Insolvency and Bankruptcy Code, 2016.A copy of the said order has been received on 15.03.2019. Mr. Kshitiz Chhawchharia, Interim…
Embattled renewables developer Carnegie Clean Energy has gone into voluntary administration, the ASX-listed company announcing on Friday that it had appointed KordaMentha Restructuring to oversee the business and its fully owned subsidiary, Energy Made Clean. The administrators are in discussions with key stakeholders to secure funding to allow the company to continue to trade whilst…
Dear Sir/ Madam, Sub: Notice of Eleventh Meeting of Committee of Creditors (CoC) of Uttam Value Steels Limited (Corporate Debtor) Pursuant to the provisions of Regulation 30 [Schedule III, Part A, Clause A (16) (g)] of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you…
The outcome of the 24th COC meeting is summarized as herein below: 1.The COC agreed on a Monitoring Committee constituting three representatives as per the highest voting share of the COC members and an additional member of COC in the absence of any of the above three members. The same members were also identified as…
March 15 (Renewables Now) – Australian wave power specialist Carnegie Clean Energy (ASX:CCE) has entered into voluntary administration a few days after the Western Australia government cancelled a crucial financial assistance agreement. The company announced on Friday that Richard Tucker and John Bumbak of KordaMentha Restructuring were appointed as voluntary administrators. They are holding discussionswith…
KPMG has added leading insolvency specialist Ferrier Hodgson creating one of the largest turnaround teams in Australia. Big Four professional services firm KPMGhas finalised a deal with Sydney-headquartered corporate turnaround and insolvency management specialists Ferrier Hodgson after months of negotiation, with the talks first reported by the Australian financial Review last November. The deal includes…
The Australian arm of custom toy chain Build-A-Bear Workshop will close 10 of its stores by the end of the month after entering voluntary administration on Wednesday. Remaining stores will continue to trade as normal as the retailer considers its options moving forward. Build-A-Bear Australia chief executive Gavin Port said the business has been working…