The company is reportedly owing several Aussie-based disties millions of dollars. Metrocom, owner of GalaPower has gone into liquidation after owing creditors hundreds of thousands of dollars. A notice of liquidation was published on May 25 saying the company would be wound up and that Christopher Peter Sequeira and Andrew John McCabe be appointed as…
One of Australia’s most dramatic technology sector collapses has left some of the nation’s largest IT distributors facing losses exceeding $14 million, raising serious questions about credit controls, supplier exposure, and how a relatively small Victorian retailer was able to accumulate such substantial debts in just a few years. Metrocom AU Pty Ltd, the owner…
JK Riverstone REIT delisting prompts Korea investors to weigh liquidation gains – CHOSUNBIZ Chosunbiz Read the original article here
530 jobs safeguarded as restaurant chain saved from administration TheBusinessDesk.com Read the original article here
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The move comes after a court action by His Majesty’s Revenue and Customs against Jaco Couriers Limited, which employed ten. Read More: Duncan Raggett, of AAB Business & Tax Advisory, was appointed as liquidator. Mr Raggett told The Herald: “I am continuing with my statutory duties and investigations into the company’s assets and assisting the…
Supreme Court of India New Delhi: Supreme Court on Tuesday stayed an order of NCLAT permitting IndusInd Bank to initiate corporate insolvency proceedings in the Lotus 300 housing project in Noida, even after it was completed with contributions from homebuyers after the corporate debtor abandoned the project. She complained that though homebuyers constituted 98% of…
An AVG Travels insider has revealed how the tour operator, now in liquidation, pivoted from B2B to B2C after failing to competently engage with the travel trade. “There were a lot of operational pressures and a not very good operational environment,” said the insider who was employed by the company from late 2024 to early…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…