Historic NSW pub hits market for $1.6m after shock collapse – The Daily Telegraph
Historic NSW pub hits market for $1.6m after shock collapse The Daily Telegraph Read the original article here
Settlement In Principal Borrower’s CIRP Does Not Extinguish Corporate Guarantor’s Liability: NCLT Kochi
The National Company Law Tribunal (NCLT) at Kochi has ruled that a settlement reached during the insolvency proceedings of a principal borrower does not, by itself, prevent insolvency proceedings against its corporate guarantor. The settlement must specifically release the guarantor from its obligations for it to have that effect. The tribunal observed, “any arrangement or…
MasterChef Dessert King’s family hospo portfolio in $4.4m turmoil – Herald Sun
MasterChef Dessert King’s family hospo portfolio in $4.4m turmoil Herald Sun Read the original article here
MasterChef Dessert King’s family hospo portfolio in $4.4m turmoil – Adelaide Now
MasterChef Dessert King’s family hospo portfolio in $4.4m turmoil Adelaide Now Read the original article here
UCA ordered into liquidation
Logo of United Cooperative Assurance Co. (UCA) United Cooperative Assurance Co. (UCA) said it had received a ruling from the Ninth Commercial Circuit of the Commercial Court in Riyadh ordering the opening of liquidation proceedings against the company. The court also appointed Marei Al-Omari as trustee to carry out the functions, powers, and duties set out…
Tax debt hits $250k+ in Sunshine Coast pool builder collapse – The Courier Mail
Tax debt hits $250k+ in Sunshine Coast pool builder collapse The Courier Mail Read the original article here
SolarZero liquidators sue four former directors over company’s $476m collapse
“Following an extensive investigation into the company’s financial position, governance records, financing arrangements and related transactions, we have concluded it is appropriate to commence proceedings,” she said. If successful, any funds recovered would be allocated to stakeholders. SolarZero was placed in voluntary liquidation in November 2024 after directors said “unsustainable operating losses and liquidity constraints”…
Warrington Plastics enters creditors’ voluntary liquidation
Warrington Plastics Ltd, a plastic fabrication company based in Orford, has entered creditors’ voluntary liquidation following a resolution passed by members. The business was wound up voluntarily at a general meeting on September 23. This is according to notices published in The Gazette, which is the UK’s official public record. Members and creditors appointed Dylan…
Liquidators start court proceedings against SolarZero directors
SolarZero liquidators are taking court action against four former directors of the company. The company was placed into liquidation in 2024. It provided solar power systems on lease agreements to about 15,000 subscribers around the country. But liquidators Adele Hicks and Malcolm Moore, of Grant Thornton New Zealand, have filed High Court proceedings, saying there…
Centrix: arrears down 11.2%, liquidations up 14%
New Zealand’s credit data is telling two different stories, and business owners should pay attention to both. Centrix’s latest figures show consumer arrears are 11.2% lower than a year ago, while company liquidations are up 14%. The household recession is easing. The corporate failure cycle is not. Centrix chief operating officer Monika Lacey told Mike…