Esque developer may have breached Corporations Act: administrator – The Canberra Times

Deloitte also criticised the M and A Group’s record keeping. “We note that we have been provided access to the company’s management accounting file maintained through [accounting software] Xero. “However, this file appears incomplete and unreconciled. “It is our preliminary opinion the books and records have not been maintained in accordance with Section 286 of…

Australian tablet publishing pioneer Mogeneration goes into liquidation – MuMbrella

Early Australian leader in tablet development, Mogeneration, has gone into liquidation, Mumbrella has learned. The company, which once counted ACP Magazines, The Australian, PwC and Mumbrella among its clients was founded in 2008 by former News Corporations employees Keith Ahern and Tom Adams. Mumbrellas Encore iPad app was one of Mogenerations products Ahern, who now…

Linc Energy fined $4.5 million for serious environmental harm at underground coal gasification plant – ABC Local

Related Story: Gas company ‘knew it was causing damage but allowed it to continue’ A gas company has been convicted and fined a record $4.5 million for causing serious environmental harm at its underground coal gasification plant on Queensland’s western Darling Downs. Linc Energy was found guilty by a District Court…

Steinhoff’s latest shareholder note show a company ‘heading towards liquidation’ says one analyst – Business Insider South Africa

The amount lawsuits against Steinhoff reflects a company “heading towards liquidation, says prominent stock broker Petri Redelinghuys. In a note to shareholders, Steinhoff says it it is facing at least four lawsuits totalling over R60 billion. Redelinghuys says shareholders sue to ensure that jump the line of debtors a company has to pay.  Steinhoffs latest note…

Controversial UK online shop Gameseek goes into liquidation – Eurogamer.net

Cheshire-based online video game shop Gameseek has gone into liquidation – leaving angry customers out of pocket. The letter sent to Gameseek customers today. Gameseek’s website is currently offline, and emails to staff return “address not found” messages. Emails and calls to CEO Stephen Staley went unanswered at the time of publication. Gameseek’s closure has…

Jaypee wants Supreme Court to bar Tribunal from liquidating company, approve its rescue plan – Moneycontrol.com

Jaiprakash Associates and its subsidiary Jaypee Infratech on Wednesday filed an appeal in the Supreme Court to restrain the Allahabad bench of the National Company Law Tribunal from passing any order of liquidation or issuing any direction against the latter without seeking the Courts approval, according to a copy of the application seen by Moneycontrol.…