Akasha Brewing Company have emerged from voluntary administration following their creditors accepting a Deed of Company Arrangement from the brewery’s directors. The Sydney brewery appointed Henry McKenna of Vincents as administrators on March 20, with Akasha saying it came as a result of declining customer demand, excise tax payments and a significant increase in excise tax. In…
Hundreds of former Rex employees could face an even longer wait to be paid their entitlements after administrators applied for an extension to find a buyer for the airline. Rex entered voluntary administration on July 30, with representatives from consulting firm Ernst & Young (EY) appointed after the airline permanently grounded its fleet of Boeing…
Qld scaffolding company’s $2M debt revealed Sunshine Coast Daily Read the original article here
Constance Hall has put her online fashion business into voluntary administration, revealing she was “drowning” in stress. The mummy blogger took to social media on Thursday to announce to her 1.3 million followers she would be shutting down the inclusive Queen The Label over an outstanding loan and tax bill. “I have put Queen The…
An Australian fashion business has collapsed into administration as the owner reveals she’s been “stressed out for 7 years”. Constance Hall, a Perth-based mummy blogger and influencer who runs online fashion business Queen The Label, shared the news on Facebook on Thursday night, revealing she’d been “dreading” it. “It’s broken my heart, I started the…
Perth-based builder Start Right Homes has become the latest company to go into liquidation, with dozens of houses left unfinished. The Osborne Park building company, which mainly constructed single-storey houses, appointed liquidators on Sunday. According to Western Australia’s Building and Energy department, the company is yet to complete 24 projects. Building and Energy executive director…
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‘Significant anomalies’: Major Aboriginal corporation under investigation NT News Read the original article here
Adani Power on Thursday said the NCLT Hyderabad bench has approved its plan to acquire Lanco Amarkantak Power Ltd (LAPL) for an upfront payment of Rs 4,101 crore. LAPL is undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, a BSE filing said. According to the filing, the acquisition shall be…
The Insolvency and Bankruptcy Board of India (IBBI) has proposed amendments to the Insolvency Resolution Process for Corporate Process regulations, to enhance efficiency and reduce costs, and sought stakeholder inputs by July 10. These amendments are expected to enhance the efficiency and transparency of the Corporate Insolvency Resolution Process (CIRP), and benefiting creditors and other…