Media release 7 August 2024 FY24: a wild ride for insolvencies, latest Corporate Insolvency Index reveals … the turbulence not yet over but more directors turn to restructuring The 2024 financial year was a “shocker” for business insolvencies as the ATO turbo-charged its debt collection activities, according to the latest Corporate Insolvency…
Aussie Tech Start-up Fails After Just Four Sales In Four Years GreekCityTimes.com Read the original article here
Thousands of Rex customers are scrambling to find new flights after the airline went into voluntary administration and cancelled trips between major city airports. However, Rex’s regional flights are operating as usual and a rival airline has chipped in to help get its capital city route customers onto alternate flights. WATCH THE VIDEO ABOVE: Rex…
The National Company Law Tribunal New Delhi bench of Manni Sankariah Shanmuga Sundaram (Judicial Member) and Dr. Sanjeev Ranjan (Technical Member) has rejected an application for the initiation of the Corporate Insolvency Resolution Process (CIRP) by a Senior Advocate for non-payment of Rs. 6.26 Crore legal fees. The bench noted that there exists a pre-existing…
Holy Ground Tiny Homes founder Matt Sowash looks on during a civil trial in Arapahoe County District Court on Monday, April 22, 2024. (BusinessDen file) Holy Ground Tiny Homes, a bankrupt builder in Englewood that owes $6 million to 190 former customers and was described as “a ruse” by one judge, is shutting down. The…
Billson’s Brewery has announced that the business has been placed into voluntary administration in a statement shared on social media yesterday. Billson’s Brewery was established in 1865 in Beechworth, Victoria, and is currently run by Nathan Cowan and his wife Felicity Cottrill. The beverage brand is widely known as an RTD manufacturer, but also produces…
SUMMARY The SC bench quashed the NCLAT order that approved the settlement of the INR 158.9 Cr unpaid dues BYJU’S owed to the BCCI The order came as a result of Glas Trust Company, a consortium of the startup’s aggrieved US-based lenders, moving the SC to retrieve the dues owed to them by BYJU’S Appearing…
3 min read Last Updated : Aug 14 2024 | 4:57 PM IST The Insolvency and Bankruptcy Code (IBC) has seen successful resolution in 46 per cent of the cases admitted in the real estate sector as of June 2024, the latest data by the Insolvency and Bankruptcy Board of India (IBBI) showed. Of…
Regional airline Rex has entered voluntary administration. The union for aviation workers says 610 jobs have been lost. All Rex flights between major cities have been cancelled, but the carrier’s regional services will continue to operate. Voluntary administration means a company can’t afford to pay its debts, and has appointed an independent body to take…
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