Construction company Adelaide Designer Homes collapses leaving houses unfinished

The company’s collapse has left more than 80 creditors unsure if they will recoup their losses. “We wrote to homeowners yesterday and basically handed back the sites, telling them the company can’t continue,” liquidator Anna Agostino told 9News. South Australian home builder Adelaide Designer Homes has entered liquidation, leaving 20 houses unfinished. (Nine) “With a…

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NCLAT stays insolvency proceedings against Coffee Day Enterprises till next date of hearing

The National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed the insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), which operates the Cafe Coffee Day chain, till the next date of hearing. The Chennai-based bench of the appellate tribunal stayed the operations of the NCLT order, over a petition filed by Malavika Hegde, Executive Director-CEO…

TopHat sees off winding-up attempt

Modular builder TopHat has avoided being wound up after agreeing a deal with one of its creditors. Developer Harworth filed winding-up petitions against two TopHat entities on 2 August, which were heard at the High Court in Leeds  yesterday (13 August). Both parties have agreed to dismiss the case, Construction News understands. The petitions, which…

Hearing company Nuheara enters voluntary administration

A $21m hearing healthcare company has gone bust, blaming a fallout with a key supplier for its woes. ASX-listed Nuheara Limited, which specialises in a wireless earbud that allows customers to augment their hearing, announced its move into voluntary administration late on Wednesday afternoon, appointing KPMG administrators to take control of the firm. “The decision…