Brisbane pool business in liquidation after ATO wind-up order – Courier Mail
Brisbane pool business in liquidation after ATO wind-up order Courier Mail Read the original article here
Brisbane pool business in liquidation after ATO wind-up order – Courier Mail
Brisbane pool business in liquidation after ATO wind-up order Courier Mail Read the original article here
Bombay HC Revives Mumbai-Based Swadeshi Mills Company Limited’s Liquidation Process, Overturns Stay On Winding-Up Proceedings
Mumbai: In a pivotal decision, the Bombay High Court on Wednesday overturned an earlier order staying the winding-up proceedings of Swadeshi Mills Company Limited, effectively reviving its liquidation process. The judgment followed an appeal by shareholders Bipin Bagadia and Ashish Mooni, challenging the stay granted by a lower court. The stay had been sought by…
Australian Government Takes on $50 Million of Rex Airlines Debt
The Australian Government is taking decisive action to ensure the continuity of essential regional air services following Rex Airlines’ entry into voluntary administration in 2024. In a significant move, the government has acquired $50 million of debt from PAGAC Regulus Holdings Limited (PAG). PAX is currently Rex’s largest creditor. This acquisition aims to prevent the…
SunLive – Seeka joins court action against company Olivado
One of the country’s biggest agribusinesses is joining court proceedings against oil company Olivado. Seeka chief executive Michael Franks said his company was “particularly exercised” about the case. Far North Avocado Suppliers, in liquidation itself, has applied to have Olivado liquidated at the High Court at Whangārei next month. Seeka has joined the action against Olivado…
The Body Shop NZ appoints voluntary administrators, will wind down business
Pedestrians pass a branch of The Body Shop on Regent Street in central London. Photo: AFP The Body Shop New Zealand has appointed voluntary administrators A buyer has not been found for the New Zealand business, after its UK parent went into administration last year Administrators are planning to sell all stock and to start…
Surprise move on Rex Airline’s $50m debt – news.com.au
Surprise move on Rex Airline’s $50m debt news.com.au Read the original article here
Creditor questions the small business restructuring system
A growing number of small businesses in financial strife are turning to small business restructuring (SBR) instead of voluntary administration, using the system to retain control of their affairs while managing their debts. But the SBR system is causing some creditors to ask if it provides the same deterrents against business failure as voluntary administration…
Fire drill at battered casino owner Star Entertainment as FTI meets lenders
Star Entertainment’s safe harbour adviser has begun preparing its lender group for a potential voluntary administration, as the embattled casino operator runs out of solutions to solve a potentially terminal cash crunch. Street Talk can reveal FTI Consulting’s restructuring specialists on Monday held a meeting via video link with Star’s biggest lenders, running them through…
Agribusiness Seeka joining High Court case against oil company Olivado
“Placing the company into liquidation will preserve the assets and maximise the potential returns to all creditors, without the risk of a fire sale at reduced values to the detriment of unsecured creditors.” Franks said packaging company Enpac was owed about $78,000, while the figures for Far North and Seeka were about $260,000 and $350,000…