The Supreme Court on Thursday (July 9) dismissed the appeals filed by the suspended director of Parsvnath Developers Ltd., upholding the revival of Corporate Insolvency Resolution Process proceedings against the real estate group in a default case involving approximately ₹452 crore. A partial court working days bench of Justice KV Viswanathan and Justice Alok Aradhe…
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REVEALED: Latest business liquidations in Brimbank Herald Sun Read the original article here
Collapsed Sydney design agency For The People is under investigation over claims it was “reborn” under a new corporate entity to evade debts. The award-winning agency may also have traded while insolvent for almost seven years, according to the liquidator, who is investigating the possible “phoenixing”. Phoenixing is the process of shifting staff, clients and…
Food waste processing startup Goterra will be wound up and liquidated, after its administrators received no viable proposals to preserve the growing but loss-making business. Teneo’s Daniel Walley and Martin Ford will serve as liquidators, according to a notice published by the Australian Securities and Investments Commission (ASIC) on Thursday. Related Article Block Placeholder Article…
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For the People Agency and its sole director Chris (Christopher Samuel) Billing have been referred to corporate regulator ASIC after the Australian Tax Office (ATO) took the branding agency into liquidation. Liquidator Shelley-Maree Brooks, in a report to ASIC, said the agency had appeared to be trading insolvent. Brooks was appointed in February by order…
The Fudge Foundry, based in Neyland, Pembrokeshire, went into liquidation in March 2026, with founder Natalie Mills citing the “ongoing economic situation” as the reason behind the closure. Ms Mills posted on social media in February: “After nearly 8 wonderful years, we have made the incredibly difficult decision to close The Fudge Foundry.” The company,…
At least 40 Kenyan companies sought voluntary liquidation or bankruptcy protection in the nine months to March, up from 24 a year earlier, exposing mounting financial distress despite improving economic indicators and lower borrowing costs. Business Registration Service (BRS) data shows companies entering voluntary liquidation rose by 55.6 per cent to 14 during the period,…