The Insolvency and Bankruptcy Board of India (IBBI) is a key pillar of the ecosystem responsible for implementation of the IBC. It is responsible for development and regulation of insolvency professionals and other service providers. It regulates various processes, namely, corporate insolvency resolution, corporate liquidation, fresh start, individual insolvency resolution and individual bankruptcy. It acts…
In a significant development for BYJU’S, the Supreme Court of India has reinstated insolvency proceedings against the beleaguered edtech startup. This decision, made on August 14, marks a crucial turn in the ongoing financial turmoil faced by the company. Court Decision and Its Implications The Supreme Court bench, led by Chief Justice DY Chandrachud and…
Rex Airlines enters voluntary administration The Armidale Express Read the original article here
Government guarantees Rex Airlines bookings amid voluntary administration 89cdb414ea17445c158adb652d4d78b4 … Read the original article here
Lutum, the national roofing tiles and masonry products supplier spun out of ASX-listed Boral in 2021, went into voluntary administration on Tuesday with outstanding debts of $20 million. EY administrator Morgan Kelly, appointed with colleagues Martie Tziotis, Stewart McCallum and David Kennedy, said they were working with Lutum’s existing management to keep the business going…
The Australian fashion label Dion Lee has called in the administrators in a major blow to the eponymous brand that has dressed celebrities such as Taylor Swift, Dua Lipa, the Duchess of Sussex and Troye Sivan. The move came after the Australian retail chain Cue announced it had withdrawn its investment in the designer apparel.…
The manufacturer of MEET plant-based protein products is continuing to trade, after administrators from KPMG were appointed to the company last week. Established in 2008, Proform Foods has been producing alternative protein products well before other startups like cultured meat startup Vow entered the market. On May 22, Gayle Dickerson and James Dampney from KPMG…
Video: Victoria’s Billson’s Brewery enters voluntary administration. Victoria’s Billson’s Brewery enters voluntary administration. We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later. Dismiss Skip to sections navigationSkip to contentSkip to footer Victoria’s Billson’s Brewery has entered voluntary administration after 150 years in business. July 31, 2024 — 7.30pm…
Twenty Carl’s Jr restaurants have been immediately shut down as administrators assess the books. (Source: Facebook/On Point Digital Solutions) Hundreds of Aussie jobs are now in limbo after US burger chain Carl’s Jr was plunged into voluntary administration. The first restaurant opened its doors on the New South Wales Central Coast back in 2016 and…
Cook Government leaves shires in lurch with Rex debt Kalgoorlie Miner Read the original article here