With the crucial liquidation hearing of Tongaat Hulett less than a month away and no firm solution in sight to prevent the company’s collapse, a newly formed grower-led entity has emerged to spearhead a rescue mission. Named “GrowerCo”, the initiative aims to secure the necessary funding to keep Tongaat Hulett’s mills and refinery operational. Unlike…
Australian tour company AVG Travels is under fire for leaving thousands of customers in the lurch after going into liquidation. “You pack your bags, get insurance … and this is what I get in return,” said Pearl Rodriguez, who booked a trip to China. When Pearl visited the head office in Melbourne today, the lights…
REVEALED: Latest business liquidations in Whittlesea Herald Sun Read the original article here
Moana Pasifika has been put into liquidation after shareholders voted to appoint liquidators to the holding company of the Super Rugby Pacific team. Teneo Financial Advisory was appointed as liquidator late on Monday. The move comes after the franchise announced last month that it would likely disband unless new investors could be found to keep…
Warren Tea Limited dissolves board and enters liquidation scanx.trade Read the original article here
REVEALED: Latest business liquidations in Darebin Herald Sun Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
The Insolvency and Bankruptcy Code, 2016, envisages a robust mechanism for the maximization of the value of the assets of a corporate debtor, empowering the resolution professional to seek the avoidance of inherently detrimental transactions. Among these, undervalued transactions under Section 45 form a critical category, requiring meticulous judicial scrutiny to differentiate between legitimate commercial…
The interplay between insolvency law and tax recovery has generated considerable judicial debate, particularly after the Supreme Court’s decision in State Tax Officer v. Rainbow Papers Limited. The Madras High Court, in Avenue Realty v. Assistant Commissioner, Srirangam (GST Circle) and Others (W.A.(MD) No.2662 of 2025 and C.M.P.(MD) No.15106 of 2025, decided on 17 April…