Rex Airlines enters voluntary administration – The Northern Daily Leader
Rex Airlines enters voluntary administration The Northern Daily Leader Read the original article here
Rex staff told to provide 'quality service' to 'secure their jobs into the future' – Goulburn Post
Rex staff told to provide ‘quality service’ to ‘secure their jobs into the future’ Goulburn Post Read the original article here
Death of a Tribunal: How India’s NCLT Fades in Influence
The Insolvency and Bankruptcy Code, 2016, has a timeline of 270 days to complete the Corporate Insolvency Resolution Process (CIRP), including any extensions granted. This includes an initial 180 days, plus an additional 90 days in exceptional circumstances. As per the latest figures up to December 2023 released by the Insolvency and Bankruptcy…
Booktopia rescued after owner of online camera store swoops in
DigiDirect’s owner Shant Kradjian has also confirmed his intent to hire 100 extra staff on top of those still remaining, administrators McGrathNicol Restructuring said today. Former staff are also encouraged to rejoin the company. Booktopia has been purchased by digiDirect. (Booktopia) “We are incredibly pleased to have completed the sale of the Booktopia business to…
Specialist body aims to codify ‘pre-insolvency void’
The Association for Business Restructuring & Turnaround launches this week with the goal of accrediting specialists in company turnaround and setting professional standards. ABRT founder Eddie Griffith said the body would aim to address problems identified by the parliamentary insolvency inquiry and had sprung out of conversations between like-minded specialists. “We came up with the…
Lincolnshire eel protection business shut down after loan abuse
The Eel Screen Company Ltd. provided a false turnover to secure a £50,000 Bounce Back Loan in 2020, the maximum allowed under the scheme which was designed to support businesses during the pandemic Financial inconsistencies were also found in the company’s application for a £225,000 Recovery Loan Scheme loan almost two years later Investigations by…
Liquidators reveal home building company’s $300k debt to staff – Geelong Advertiser
Liquidators reveal home building company’s $300k debt to staff Geelong Advertiser Read the original article here
Retailer enters liquidation as 12 stores remain open
An Off Ya Tree location in Melbourne CBD’s Collins Street. Source: Google Maps The business behind alternative clothing, body piercing, and former bong retailer Off Ya Tree has fallen into liquidation, as the retail chain assures customers a dozen stores will remain operational. Con Kokkinos of insolvency firm Worrells was appointed as liquidator for Thendro…
Five Sk:n Group companies in liquidation: information for patients, employees and creditors
Winding-up orders were made against five companies from the Sk:n Group of companies on Thursday 18 July 2024. The court appointed the Official Receiver, Joseph Sullivan, as liquidator of: Lasercare Clinics (Harrogate) Limited (company number 02545572) LCHMG Limited (company number 12325705) ABC Lasers Ltd. (company number 04795786) Cosmeceuticals Limited (company number 06114019) Cellite Clinic Limited…
Liquidators reveal home building company’s $300k debt to staff – Townsville Bulletin
Liquidators reveal home building company’s $300k debt to staff Townsville Bulletin Read the original article here