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 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…
QPM Energy collapses into administration with $196m Isaac power station in limbo Business News Australia Read the original article here
The Macquarie Greek Studies Foundation (MGSF) will undergo its most significant governance overhaul since its establishment when members gather later this month to vote on a new board, an amended constitution and a formal governance review following the organisation’s placement into voluntary administration earlier this year. The Annual General Meeting (AGM), scheduled for Monday, July…
Siti Networks appoints Vijaya Gupta & Co. as statutory auditor scanx.trade Read the original article here
ASIC has, for the first time, published detailed data and insights into how voluntary administrations (VAs) and deeds of company arrangement (DOCAs) are operating in practice, providing a clearer picture of when the processes are being used, the outcomes being produced, and the types of companies most likely to benefit. The Report 836 Review of…
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REVEALED: Latest business liquidations in Casey Herald Sun Read the original article here
The Karnataka High Court has declined to entertain an objection by an erstwhile director of A.L. Sudershan Construction Co. Ltd. against a settlement with the National Highways Authority of India (NHAI) over an arbitral award The court observed that the company was under liquidation and was duly represented by the Resolution Professional, and that any…