Category Archives: Liquidation

ATS Knightsbridge housing project in Noida faces corporate insolvency resolution process

NOIDA: The national company law tribunal has started corporate insolvency resolution process against ATS Knightsbridge project, a luxury project located in Noida’s sector 124. The national company law tribunal has started corporate insolvency resolution process against ATS Knightsbridge project located in Noida’s sector 124. (Getty Images/iStockphoto/ Representational image) The NCLT has appointed an interim resolution…

All staff sacked as Aussie tech company collapses owing $13m

The collapse of an Australian tech company has just taken another twist after staff received a letter from a government agency. Marketing and software company E-Mersion Media (Aust) Pty Ltd, headquartered in Melbourne, collapsed into liquidation last month with debts of at least $13 million. All the company’s staff had been stood down by the…

King I Australian Rural & Regional News

The Hon. Catherine King, Minister for Infrastructure, Transport, Regional Development and Local Government, Media Release, 31 July 2024 Overnight it was announced that Regional Express Holdings and a number of its subsidiaries have entered voluntary administration. Samuel Freeman, Justin Walsh and Adam Nikitins of Ernst & Young Australia (EY Australia) have been appointed Joint and…

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Controversial Sikh temple building company in liquidation – Gold Coast Bulletin

Controversial Sikh temple building company in liquidation  Gold Coast Bulletin Read the original article here

Rex Airlines enters voluntary administration – The Northern Daily Leader

Rex Airlines enters voluntary administration  The Northern Daily Leader Read the original article here

Risky business: why builders are leading insolvency numbers – The Canberra Times

Risky business: why builders are leading insolvency numbers  The Canberra Times Read the original article here

TGIF 12 July 2024 — Prospective judgment creditor successful in having Deed of Company Arrangement terminated

In In the matter of Academy Construction & Development Pty Ltd (subject to Deed of Company Arrangement) [2024] NSWSC 808, the New South Wales Supreme Court had to determine whether to terminate a Deed of Company Arrangement (DOCA) on the basis that it was oppressive, unfairly prejudicial or discriminatory. Key Takeaways While a Deed of Company…

Rex enters voluntary administration, grounds 737s – The Northern Daily Leader

Rex enters voluntary administration, grounds 737s  The Northern Daily Leader Read the original article here

Record business insolvency coming as ATO cracks down on tax debt | The Canberra Times

“We are seeing thousands of tax defaults lodged every month now, so the ATO has basically said enough is enough, time’s up, if you can’t pay this debt or at least come to an arrangement with us about how to pay it then you are in big trouble,” she said. Read the original article here