Australias largest LGBTIQ+ publication has announced today they have entered voluntary administration and are up for sale. Star Observerhas been running in its various forms since it was founded in 1979. Star Observers Chairman Sebastian Rice says that cash flow is the life blood of any small organisation. TheStar Observer is an LGBTI community owned…
Melbourne-based independent brewery Sample Brewing is in the market for a buyer after bringing in administrators earlier this week. The business, stocked by hundreds of bars, pubs and bottleshops including Dan Murphys and Liqourland handed over control to Shane Cremin of Rodgers Reid on Tuesday. SmartCompany has confirmed Cremin is trading the business as usual…
We have agreed to sell substantially all of our assets, the company says in a SEC filing Salon Media says they have reached an 11th hour deal to sell the company and its flagship property Salon.com for $5 million. In an SEC filing,Salon also revealed its position was dire and that it would face imminent…
Cryptopia, the cryptocurrency exchange hit by a major hack in mid-January, has gone into liquidation and suspended trading operations. The news was announcedWednesday by Cryptopias assigned liquidator, professional services firm Grant Thornton New Zealand. Cryptopia confirmed the news on Twitter, as well as on its website. Possibly signaling changes afoot, Cryptopia website went under maintenance…
Brisbanes food and drink scene was rocked late last week by the closure of Mercado. The gourmet retailer had barely lasted six months after opening in November with designs on being Brisbanes 1500 square metre answer to Harrods Food Hall in London and Italys Eataly. A sign in the window of the King Street retailer…
Coventry-based Link Mailing has been placed in voluntary liquidation following a meeting with company members and appointed liquidators. Link Mailing is to be voluntarily wound up. PrintWeek reported on 1 May that insolvency practitioners Eric Walls and Wayne Harrison of KSA Groups Gateshead office had been nominated, being officially appointed as joint liquidators of Link…
New Zealand-based CBL Corporation, which has operations in both the UK and Ireland, has been placed into liquidation by the High Court, as directors of the failed insurer withdrew their opposition to liquidate the group. CBL Corporation directors Alistair Hutchison and Peter Harris said they decided not to oppose the liquidation application after failing to…
One of the objects of the Insolvency and Bankruptcy Code, 2016 is stated to be balancing the interests of all stakeholders. This object and purpose have recently been the subject matter of judicial interpretation as well as arguments in some of the significant resolution cases undertaken under the provisions of the code. One of the…
NEW DELHI: Lenders of debt-ridden dairy firm Kwality on Monday decided to carry out voting on extending the May 15 deadline for submitting the resolution plan by interested bidders, including Haldiram and Kotak group firm, sources said. The lenders would also vote on seeking extension of insolvency proceedings by 90 days, they said. As many…
New Zealand-based CBL Corporation has been placed into liquidation by the High Court, as directors of the failed insurer withdrew their opposition to liquidate the group. CBL Corporation directors Alistair Hutchison and Peter Harris said they decided not to oppose the liquidation application after failing to obtain the agreement of the companys bankers to the…