Investment company behind $25m scheme plunged into liquidation – Gold Coast Bulletin
Investment company behind $25m scheme plunged into liquidation Gold Coast Bulletin Read the original article here
Rex enters voluntary administration, grounds 737s
Rex Airlines has entered voluntary administration and suspended all flights between major airports. Photo: Mick Tsikas/AAP PHOTOS. REGIONAL Express has gone into voluntary administration and cancelled all flights between major city airports, although regional flights are operating as usual. A statement posted on Rex’s website late on Tuesday said the administration affected parent company Regional…
JAL seeks interim relief from NCLAT
New Delhi: Jaiprakash Associates Ltd (JAL) on Monday approached the National Company Law Appellate Tribunal (NCLAT), seeking protection from “the possibility of irreversible harm” arising from the company’s ongoing insolvency process, including an “attempt to sell” its assets. The Allahabad bench of the National Company Law Tribunal (NCLT) in June ordered initiation of corporate insolvency…
Canterbury plant supply business in liquidation
A long-standing Canterbury wholesale plant business which employed 28 staff has been placed into liquidation by shareholder resolution. In their initial report to creditors and shareholders of Headford Propagators, liquidators Trevor and Emma Laing said the reasons cited included a recent significant reduction in turnover — estimated at more than $400,000 in the last two…
Rex is in administration, but MacAir founder says all hope not lost for regional airlines
In short: Rex Airlines has entered voluntary administration, but an Australian aviation industry pioneer says it does not have to be the end for the outback air service. North-west Queenslanders are concerned about the impact the airline going under could have on access to services and growth. What’s next? Industry players say operators need to…
NCLT Orders Insolvency Proceedings Against Cafe Coffee Day
The corporate dispute tribunal NCLT has ordered initiating insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Coffee Day Group which operates Cafe Coffee Day chain of coffee houses. NCLT Orders Insolvency CCD The Bengaluru bench of the NCLT (National Company Law Tribunal) on August 8 admitted the plea filed by IDBI…
Investor files liquidation petition in China against Evergrande unit – Reuters
Investor files liquidation petition in China against Evergrande unit Reuters Read the original article here
Albany flights safe from Rex Airlines’ financial woes – Albany Advertiser
Albany flights safe from Rex Airlines’ financial woes Albany Advertiser Read the original article here
NCLT Approves Insolvency Proceedings Against CCD's Parent Company Due To Rs 228 Cr Default – BW Businessworld
NCLT Approves Insolvency Proceedings Against CCD’s Parent Company Due To Rs 228 Cr Default BW Businessworld Read the original article here
Construction company Adelaide Designer Homes collapses leaving houses unfinished
The company’s collapse has left more than 80 creditors unsure if they will recoup their losses. “We wrote to homeowners yesterday and basically handed back the sites, telling them the company can’t continue,” liquidator Anna Agostino told 9News. South Australian home builder Adelaide Designer Homes has entered liquidation, leaving 20 houses unfinished. (Nine) “With a…