New Delhi: The Bengaluru bench of the National Company Law Tribunal (NCLT) Tuesday allowed the Board of Control for Cricket in India’s insolvency plea against ed-tech firm Byju’s parent company Think and Learn Pvt Ltd for defaulting on Rs 158.9 crore. BCCI moved against Think and Learn after their Indian cricket team’s jersey sponsorship deal fell…
Corporate and personal insolvencies both fell, during the month of July, compared with the previous month, new insolvency statistics reveal. However, on a year-on-year basis, the news was not as cheery, The level of corporate failures decreased by 7.3% in England and Wales to a total of 2,191 compared with June’s total of 2,363, and…
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The Cubitt’s Display Centre in Fyshwick. Eleven projects were affected in the ACT. Photo: Cubitt’s. A 30-year-old, family-owned building company has gone into liquidation, but clients will have their projects completed after the sale of parts of the business. Cubitt’s Granny Flats and Home Extensions was formally placed into liquidation at a creditors meeting last…
‘It was a disaster’: tradies owed thousands as company goes into liquidation The Canberra Times Read the original article here
Two construction companies have collapsed owing $4.5 million, with the list of creditors tipped to rise. Gold Coast companies Burleigh Heads-based PPS Qld and PPS Commercial were placed into liquidation on Monday, leaving a number of projects incomplete. It’s the latest devastating run of construction companies falling into liquidations across Australia. PPS Qld is believed…
NSW construction companies plunge into liquidation MSN Read the original article here
In a regional area where employment and value-added industries are essential, it’s disappointing that a significant manufacturing plant has announced its potential closure after eight years of operations. Horsham based Australian Plant Proteins (APP) went into voluntary administration at the end of June. The largest of three commercial-scale plant-protein fractionation facilities in Australia, APP is…
Australian agribusiness HS Fresh Food, known for its fresh salads, ready-made meals, and pre-prepared vegetable products, has entered into voluntary administration, impacting around 500 jobs. The company, which operates under brands such as Houston’s Farm, Sunfresh, and Gourmet Selections, and supplies to major retailers like Coles and Woolworths, appointed FTI Consulting administrators Vaughan Strawbridge, Joanne…
The revelation comes in the latest report on domestic airline competition from the Australian Competition and Consumer Commission (ACCC) which found some relief for Aussie travellers in the first six months of 2024. Aussies saw a drop in airfares, reduced cancellation rates and better on-time performances, however the withdrawal of Rex from the Sydney-Melbourne-Brisbane ‘golden…