Two South Australian building companies are facing collapse, and another is facing court action, amid ongoing pressure from the national housing downturn. Key points: New home builds are declining in South Australia Several companies have closed and subcontractors are feeling the impact Masters Builders SA wants more financial incentives for property owners Adelaide construction…
Investors who poured over $35 million into once-promising fashion startup Shoes of Prey are likely to be left empty-handed, with firms who invested in the business warning contributors they are not expecting any return from the liquidation process. Shoes of Prey, a company that allowed women to order customised footwear at a cheaper price than…
Less than a month afterBosasaannounced it was entering voluntary liquidation, it has turned to the courts to have that decision reversed, claiming it had been given bad advice. The directors of African Global Operations, the company formerly known as Bosasa, filed an urgent application in the High Court in Johannesburg. The company started its collapse…
Pursuant to Regulation 30 and any other applicable provisions, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the First Meeting of the Committee of Creditors of M/s. Sejal Glass Limited will be held on Friday, March 15, 2019 at 3.00 P.M. at Edelweiss Asset Reconstruction…
When Shoes of Prey launched in 2009, it became a tearaway success almost immediately. But now, just one decade later, the customisable footwear company has become the latest victim of Australias struggling retail industry. Shoes of Prey has just entered into liquidation, with Kelly Trenfield and John Park of FTI Consulting appointed as administrators yesterday.…
Australian fashion startup and former industry trailblazer Shoes of Prey has collapsed into liquidation, ending months of uncertainty surrounding the startup after it was put on pause in August last year. Liquidators from FTI Consulting Kelly Trenfield and John Park were appointed to manage the winding down of the startup, which was founded in 2009…
Sub: Outcome of the 10th Meeting of Committee of Creditors of Uttam Value Steels Limited Dear Sir, This is in reference to the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 10th meeting of the Committee of Creditors…
Bankruptcy leaves the impression of utter failure, and when a company goes bankrupt, its easy to assume that its dead, may it rest in peace. According to this line of thinking, heres an alarming tidbit: If you regularly travel by plane, theres a decent chance youve flown with an airline that was bankrupt at the…
Pursuant to Regulation 30 and any other applicable provisions, if any, of the SEBI ( Listing Obligation and Disclosure Requirements) Regulations,2015, please find attached list of Creditors received up to March 7th, 2019 as required to be displayed by Corporate Debtor under regulation 13(2) (c ) of IBBI ( Insolvency Resolution Process for Corporate Persons)…
African Global Holdings (AGH), known formerly as Bosasa, has applied for withdrawal of their voluntary liquidation application. As reported by Sunday World, the AGH board, which is chaired by Gavin Watson, Johannes Gumede, Papa Leshabane, Themba Dikani, Munirah Oliviera and Nomazulu Khumalo, wrote to the South Gauteng High Court in the first week of March.…