Budget airfare website Bestjet has collapsed just six weeks after it changed hands, sparking fears Australian travellers may be left stranded over Christmas. The Queensland-based companys website is currently offline, with the Australian Securities and Investments Commission (ASIC) listing its status as under external administration. 9News understands Bestjet Travel Pty Ltd was yesterday put under…
GROWER-BASED conservation farming association, Conservation Farmers Inc (CFI), is to be wound up. The organisation, which has driven the adoption of no-till farming practices for more than three decades in the northern farming regions of Queensland and northern New South Wales, has been put into voluntary liquidation following a claim by a former director for…
Dear Sir / Madam, We would like to inform you that Meeting of the Resolution Professional is scheduled to be held on Wednesday, 19th December 2018 at 02.30 P.M. IST at C-25, Laxmi Towers, A – 601, 6th Floor, Bandra Kurla Complex, Bandra (East), Mumbai 400051, INDIA to consider and approve audited financial results for…
Dear Sir / Madam, We would like to inform you that 19th meeting of Committee of Creditors of ABG Shipyard Limited was held on Monday, 17th December 2018 at 02:30 P.M. IST at BDO India LLP, Level 9, The Ruby, North West Wing, Senapati Bapat Road, Dadar (W), Mumbai 400028, INDIA. You are requested to…
It started early with the collapse of womenswear label Maggie T in early January and the bloodbath affecting Aussie retailers has been relentless ever since. While 2017 saw the demise of huge labels such as Topshop and Topman Australia, Marcs, David Lawrence, Herringbone, Rhodes & Beckett, Pumpkin Patch and Payless Shoes, it seems 2018 has…
Laura Ashley is closing its doors for good in Australia, after a buyer failed to materialise during the administration process, despite several expressions of interest. The fashion and homewares retailer will close 16 stores in all states and the ACT by the end of this month, and 100 employees will be out of a job.…
The recent amendment in the Insolvency and Bankruptcy Code 2016 (IBC) has created a special status for the homebuyers as financial creditors with effect from 6 June 2018. The amendment was brought into force at a pivotal junction when the ongoing litigations in projects by Jaypee Infratech and Unitech brought to limelight the hapless situation…
Dear Sir / Madam, We would like to inform you that meeting of 19th Committee of Creditors of ABG Shipyard Limited is scheduled to be held on Monday, 17th December 2018 at 02:30 P.M. IST at BDO India LLP, Level 9, The Ruby, North West Wing, Senapati Bapat Road, Dadar (W), Mumbai 400028, INDIA. You…
The Gen Z bosses of an Aussie app developer once hailed as the next Apple say they are absolutely devastated after the company collapsed into liquidation on Friday. Appster, founded by Melbourne teens Josiah Humphrey and Mark McDonald in 2011 using just $3000 in savings, made headlines over the years for its rapid growth and…
This is to inform you that 7th Meeting of Committee of Creditors (CoC) was held on 10.12.2018.In the meeting, the Chairperson placed before the meeting the Resolution Plans received from two Resolution Applicants. The COC Members discussed and decided to invite the Resolution Applicants for their presentation on the Resolution Plans in the next meeting…