A mortgage aggregation business has confirmed earlier today that broker commissions, including trail payments made by lenders, will not be impacted by the appointment of voluntary administrators. Award-winning aggregator eChoice confirmed that Geoffrey Reidy and Andrew Barnden of Rodgers Reidy have been appointed as voluntary administrators of eChoice Limited and 13 subsidiary companies, pursuant to Section…
Australian fashion label and purveyors of delicate lace Lover has gone into voluntary administration. Administrators from business management firm Ferrier Hodgson were appointed last Thursday 23rd November, and have called for buyers expressions of interest. Morgan Kelly, who along with Ryan Eagle has been appointed to manage the company, said via a media release that…
November 27, 2017 01:02 IST Updated: November 26, 2017 23:02 IST “; var writeOnDocument = true; var skipOnDeviceValue = “[medium, small]”; var noSkipOnDevice = skipOnDeviceValue.length > 0; if(noSkipOnDevice) { if (skipOnDeviceValue.indexOf(“large”) > -1 && (isDesktop || isLargeDesktop)) { writeOnDocument = false; } if (skipOnDeviceValue.indexOf(“medium”) > -1 && isTablet) { writeOnDocument = false; } if (skipOnDeviceValue.indexOf(“small”)…
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Beena Parmar Moneycontrol News The amended Insolvency and Bankruptcy Code may weed out the majority of promoters from bidding on assets undergoing court proceedings and could also deepen losses for banks. President Ram Nath Kovind gave his assent to an ordinance amending the Insolvency and Bankruptcy Code (IBC) on Thursday, barring errant promoters. While lawyers…
A RETURNED Palaszczuk government would fund a public examination in court of those in charge of two building companies that collapsed and left unsecured creditors exposed to the tune of $38 million. Housing Minister Mick de Brenni has made the commitment in a letter to Subcontractors’ Alliance head Les Williams who has pursued security of…
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The National Company Law Tribunal (NCLT) has ordered the liquidation of Pune-based steel products maker Innoventive Industries, dismissing opposition to the closure by the promoter and employees. In a verbal order issued by the Mumbai NCLT Thursday, judicial member of the tribunal BSV Prakash Kumar said all other petitions except the one by the resolution…
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MORE than 200 Ostwald Bros employees are facing the sack, with administrators of the embattled civil construction company to recommend the company be liquidated at a creditors’ meeting next week. The employees were kept on by administrators PricewaterhouseCoopers after they took control of the company in late August in an effort to improve the company’s…