The struggling DIY chain Homebase has collapsed into administration, leaving thousands of workers facing an uncertain future, despite the purchase of the bulk of its stores by the owner of The Range homeware retailer. Gavin Park, Gavin Maher and Adele Macleod from the financial advisory firm Teneo were appointed as joint administrators of Homebase’s owners,…
Up-market Brisbane restaurant in liquidation after owners get ASIC black mark Toowoomba Chronicle Read the original article here
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By BRETT LACKEY FOR DAILY MAIL AUSTRALIA Published: 17:24 AEDT, 1 February 2025 | Updated: 17:57 AEDT, 1 February 2025 The ‘social enterprise’ business helmed by a participant on the reality TV juggernaut Married at First Sight has debts of nearly half a million dollars, including unpaid superannuation to its employees. Documents from the Australian Securities…
Busy Bee Airways Challenges Go First Liquidation NDTV Profit Read the original article here
US corporate bankruptcies have surged to their highest levels since the aftermath of the global financial crisis, as persistently high interest rates and weakened consumer demand place severe pressure on struggling businesses. At least 686 companies filed for bankruptcy in 2024, an 8% increase from the previous year and the highest number since 2010, according…
Busy Bee Airways, which has challenged the liquidation of grounded carrier Go First, on Friday informed the insolvency appellate tribunal NCLAT that it will try to reach out to the lenders concerned. It also told the National Company Law Appellate Tribunal that it is ready to acquire Go First as a going concern as it…
The National Company Law Tribunal, New Delhi bench comprising Chief Justice (Retd.) Ramalingam Sudhakar (President) and Avinash K. Srivatava (Technical Member) has held that a pre-existing dispute between the Financial Creditor and Corporate Debtor does not bar a petition under section 7 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) to be entertained. The Tribunal…