QPM Energy enters administration threatening $200 million Queensland power project

An aspiring Queensland gas-to-power developer backed by General Motors, Macquarie Group and the Northern Australia Infrastructure Facility has collapsed into administration, threatening the $200 million construction of a new gas power station in the state. McGrath Nicol was appointed as voluntary administrator of QPM Energy, while receivers were appointed to the coal seam gas production…

UK travel company enters liquidation as all trips cancelled

Global Vision International (GVI) offered programmes including nature and conservation trips, including locations such as Costa Rica, Fiji and more. However, the company has shut down after 28 years in business and is due to enter liquidation. All holidays cancelled as Global Vision International enters liquidation GVI, which is based in Exeter, is now set…

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All jobs lost as Glasgow electrical company falls into administration

BGL Contracts Limited ceased trading and fell into the hands of administrators, citing “insurmountable challenges,” resulting in the loss of 40 jobs, according to The Herald. BGL Contracts Limited had specialised in sub-contract work and provided electrical fit-out to clients across several sectors, including leisure, hospitality, automotive and retail. Alistair McAlinden and Geoff Jacobs, of…

NCLAT Upholds Farm2Energy Insolvency Over Biomass Contract: Rediff Moneynews

NCLAT dismisses director”s appeal, upholding insolvency proceedings against Farm2Energy for unpaid advance on a biomass bales supply contract with Verbio India. New Delhi, Jul 7 (PTI) The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by a suspended director of Farm2Energy, upholding insolvency proceedings against the company over an unpaid advance related to…