The Supreme Court recently in Bharti Airtel Limited and Anr. v. Vijay Kumar Iyer and Ors[1] [“Bharti Airtel Judgement”] has settled the issue on the applicability of the principle of setoff under Insolvency and Bankruptcy Code, 2016 [“IBC”]. The Division bench of Supreme Court of India comprising of Justice Sanjiv Khanna and Justice S.K.V Bhatti…
By Freddy Pawle For Daily Mail Australia Published: 13:53 AEST, 27 August 2024 | Updated: 13:53 AEST, 27 August 2024 A sports tour company has collapsed owing more than $3million, leaving young cricketers and coaches out of pocket for overseas trips. Calypso Destinations was placed into administration in April after the company collapsed under the…
A selection of Kester Black nail polishes from a December 2023 campaign. Source: Facebook/Kester Black. Investors in cosmetics brand Kester Black say they were only told of the company’s financial hardships weeks after it entered voluntary administration, surprising those who contributed to its $2.1 million equity crowdfunding raise three years ago. The ethical beauty label…
Richard Yan’s holding company in liquidation BusinessDesk Read the original article here
The business belonging to a man twice named Young Australian of the Year, and who was later convicted of fraud, has collapsed with debts exceeding $1 million. Earlier this month, the NSW Supreme Court ordered Braaap Motorcycles Pty Ltd into liquidation. Braaap was a motorbike distributor that sold brand new or used bikes, or leased…
Pay dispute at Napier development: More companies come forward with claims of unpaid bills Hawkes Bay Today Read the original article here
A 33-year-old Hunter Valley family-owned company specialising in textiles, fabrics, canvas and PVC products with 65 staff members is now for sale after entering voluntary administration. Late last week, Sule Arnautovic from Salea Advisory was appointed voluntary administrator of Rutherford-based Wax Converters Textiles – a specialist that provides textiles to a wide variety of companies…
ASX-listed battery company Redflow handed to administrators after failing to find backers Startup Daily Read the original article here
Aussie battery firm Redflow enters voluntary administration Energy Source & Distribution Read the original article here
A second attempt in the Auckland High Court to place Gulf Harbour Country Club’s owner Long River Investments into liquidation has failed, after the company paid what was owed. The first attempt, in May, by Inovagen which operated the café at the former club, sought $20,000-$25,000. That amount was paid at the last minute. This…