Save Consultants Ltd claimed to provide insolvency practitioner services when none of its current or former directors were licensed Its actions risked undermining the insolvency regime and the company’s directors refused to explain its trading practices to investigators The company has been closed down following investigations by the Insolvency Service, with the Official Receiver appointed…
A day after his 52nd birthday, Andrew Christodoulou got a nasty surprise in the mail. A letter from the Australian Taxation Office (ATO) in November last year read: “You have been issued with a director penalty notice for Superannuation Guarantee Charge amounts”. “A director’s penalty notice. I’ve never heard of one,” Mr Christodoulou tells ABC…
Rex Airlines has announced it has gone into voluntary administration and cancelled all flights between major airports. Rex’s website showed no available flights between the capital cities from Wednesday, with passengers advised they could rebook with Virgin at no extra cost. All regional planes are still flying as scheduled, but no New England centre…
Once India’s biggest startup, Byju’s faces insolvency proceedings Reuters Read the original article here
A major developer which built apartments for John Singleton and supermarkets for Woolworths has been placed into liquidation less than two months after it collapsed. NSW Central Coast-based builder Stevens Construction was established in 2006 but went into voluntary administration in May, leaving 10 projects in limbo. In a press release published on its website…
Australian beverages brand Billson’s has plunged into voluntary administration as a perfect storm of challenges strikes independent brewers. Husband-and-wife team Nathan and Felicity Cowan, who ran the historic brewery in Beechworth, northeast Victoria, are devastated by the collapse of the company which was founded in 1865. The couple blamed the downfall of the ready-to-drink canned vodka,…
Senior counsel K Vivek Reddy, representing ICICI, referenced a London court judgment from October of the previous year to support the insolvency proceedings against GVKPIL. 3 min read Last Updated : Jul 16 2024 | 11:43 PM IST GVK Power and Infrastructure Ltd (GVKPIL) will face insolvency proceedings for failure to pay loans to…
‘Absolutely woeful’: Collapsed shed company director’s new career move Sunshine Coast Daily Read the original article here
Troubles for Billson’s 102.1 & 93.3 Edge FM Wangaratta Read the original article here
Corporate insolvency figures stabilise in June Insider.co.uk Read the original article here