Attributable to Virgin Australia Group CEO Jayne Hrdlicka: This is a difficult moment for Australian aviation with Rex entering voluntary administration and announcing the immediate suspension of its 737 jet operations. It is also a reminder of the challenging nature of our industry. Our team is now moving quickly to support Rex’s customers and people. …
Popular cabaret club company in liquidation owing millions Gold Coast Bulletin Read the original article here
A Queensland company has been forced into liquidation after a court issued a winding up order for the firm with its accumulated debt topping $16 million. Bundaberg Farming Co Pty Ltd collapsed after the New South Wales Supreme Court issued a winding up order and appointed liquidator Glenn Livingstone for WLP Restructuring. The company had…
2 min read Last Updated : Aug 23 2024 | 10:58 AM IST Shares price of Adani Power rose as much as 2.24 per cent at Rs 689 per share on the BSE in Friday’s intraday deals. The Adani share price soared after the Hyderabad Bench of the National Company Law Tribunal (NCLT) approved…
Number of bankrupt firms is at highest level in six years – Insolvency Service report Insider Media Read the original article here
Adani Power announced on Thursday that the Hyderabad bench of the National Company Law Tribunal (NCLT) has approved its plan to acquire Lanco Amarkantak Power Ltd (LAPL) with an upfront payment of ₹4,101 crore. LAPL is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, as stated in a filing…
The Supreme Court on Thursday declined to stay the operations of a recently formed Committee of Creditors (CoC) overseeing the corporate insolvency resolution process (CIRP) initiated against the embattled ed-tech giant Byju’s, stating that the court would examine the merits of the case before issuing any further orders. A bench, led by Chief Justice of…
Company claimed to be able to provide cheap hospitality at events such as the Six Nations and Formula 1 races Prive Global Sports Ltd offered heavily discounted hospitality packages to businesses for in-demand sporting events The company’s clients paid for packages which were later cancelled with no refunds provided Customers have lost more than £600,000…
Australian Plant Proteins (APP), the only manufacturer of Australian-grown faba bean and pulse protein isolates, has entered voluntary administration. APP operates the largest of three commercial-scale plant protein fractionation facilities in Australia, producing 1200 tonnes of isolates per year at the site in Horsham, Victoria. The ingredients are used by domestic and overseas companies in…
Credit: William Edge / Shutterstock.com Australia’s Kimberly Meat Co. and its subsidiaries have been bought out of administration by a Canadian investor. Alberta Investment Management Co. (AIMCo), based in Edmonton, Alberta, said it has… Read the original article here