WA Kaolin collapses into administration after Asian customer cancels major forward orders Business News Australia Read the original article here
The voluntary administration of Recycling Plastics Australia has placed about 60 Adelaide jobs and a significant part of Australia’s plastics-processing capacity at risk, intensifying industry criticism of the Federal Government’s decision not to introduce a national packaging scheme during its current term. Tim Mableson and Edward ‘Ned’ Swifte of KPMG were appointed voluntary administrators of…
The ₹6.50-crore repayment plan of media baron Subhash Chandra stayed by NCLT has once again put the saga of loans being forbidden by banks in India under the spotlight. Chandra’s plan covers admitted claims of ₹22,006.57 crore. That means lenders are set to recover only about 0.03% of the admitted amount, leaving a haircut of…
The potential liquidation of a Sydney construction company could be one of the biggest in Australian history, a debt recovery expert has said, as tradies and buyers face being left thousands out of pocket. Bathla, a construction group that focused on building affordable homes and apartment complex’s in Western Sydney, went into administration last week,…
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Weiss Furniture, a family-owned business that has served Latrobe and the surrounding area for more than a century, is preparing to close its doors after 107 years of service. The store will begin a going-out-of-business sale Sept. 3. Owner Dalia Dunhoff said she will retire after the liquidation is completed. The business was founded in…
About 3000 hospitality businesses have closed their doors in the past 12 months, new data shows. Credit bureau Centrix has released its latest update. which shows that while business defaults are down, company closures and liquidations are elevated. In the hospitality sector alone, 422 companies, or 1.3 percent of the sector, entered liquidation in the…
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