Big bank-backed Data Republic collapses after failed funding round – The Australian Financial Review

The administrators will pursue a sale of the company and are encouraging interested parties to come forward. The administrators are continuing to trade the business whilst they undertake an urgent appraisal of Data Republic, the administrators said in a statement. The administrators will work closely with Data Republics employees, suppliers and customers to stabilise operations…

Varde Partners bankrolls ‘mini-Min Res’ mining services, gold play – The Australian Financial Review

Rivet is a specialised transport and logistics, contract mining, equipment hire and maintenance and aviation services business run by former Asciano Ltd managing director Rowsthorn and SMS Mining Services founding director Daniel Sweeney. Adaman is backed by Rivet and the Mitchell Group and has two gold projects in Western Australia. (Interestingly, Adaman went into voluntary…

Pre-pack insolvency for MSMEs: How it differs from corporate insolvency resolution process; key features – The Financial Express

As against CIRP, which follows creditor in control model, the pre-pack process would work on debtor in possession model. By Harish Kumar and Itee Singhal Ease of Doing Business for MSMEs: The pre-pack insolvency resolution process (pre-pack process), which has been in many discussions since the publication of the Insolvency Law Committees (committee) recommendations on…