Mumbai: The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted listed infrastructure development company SKIL Infrastructure under the corporate insolvency resolution process (CIRP) following an application filed by its financial creditor Amluckie Investment Company. The tribunal has also appointed Purusottam Behera as its resolution professional. “The moratorium shall have effect from the…
The latest Corporate Insolvency Index has revealed that while insolvencies are likely to remain at high levels for a while, more businesses are considering restructuring as an option. The 2024 financial year was a “wild ride” on the insolvency front with the ATO turbocharging its debt collection activities while economic headwinds such as the cost…
One of WA’s biggest and best-known residential building companies has collapsed, with Collier Homes collapsing into liquidation after more than 60 years in business. The Australian Securities and Investments Commission revealed on Tuesday that the company would be wound up, and that it had appointed Robert Brauer and Linda Smith from McGrathNicol as liquidators. Read…
Railcoop had been planning on relaunching services between Lyon and Bordeaux. Credit: trabantos/Shutterstock.com French open-access rail co-operative Railcoop has confirmed reports that it is likely to enter liquidation after a restructuring… Read the original article here
Companies liquidate after ‘shambolic’ roof installation Gold Coast Bulletin Read the original article here
The Daily Telegraph Essentials $16 charged every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. This subscription entitles you to access 30 locked articles on The Daily Telegraph website only within each subscription period, and…
The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12…
Modco co-founder’s entity in liquidation Business News Read the original article here
Please create an employee account to be able to mark statistics as favorites. Then you can access your favorite statistics via the star in the header. Register now Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set statistic alerts) please log in with your personal account. If…
Looking into the crystal ball at the start of the year to forecast future trends isn’t possible, but one common theme that we expect will continue to impact upon both directors and officers and insolvency practitioners (IP) is the increasing rise of corporate insolvencies. The Insolvency Service recently published its monthly report for insolvencies…