Investors in cosmetics brand Kester Black say they were only told of the company’s financial hardships weeks after it entered voluntary administration, surprising those who contributed to its $2.1 million equity crowdfunding raise three years ago. The ethical beauty label secured $2.16 million from nearly 1700 Birchal investors in October 2021, at a valuation of…
Australian-owned and operated battery and smart inverter outfit Redback Technologies has announced the launch of its “next generation” home solar and battery range, just six months after a brief stint in voluntary administration. The Brisbane-based company went into voluntary administration in March, just days after being a part of the Smart Energy Conference in Sydney,…
Australian fashion group Mosaic Brands owes around $249 million to various entities, according to documents tabled to ASIC and obtained by Ragtrader. It comes weeks after the brand fell into voluntary administration, with FTI Consulting’s Vaughan Strawbridge, Kate Warwick, David McGrath, and Kathryn Evans being the appointed voluntary administrators. Meanwhile, KPMG’s David Hardy, Gayle Dickerson,…
Chch-based medical cannabis company in administration The Press Read the original article here
‘The system needs to change’: Liquidation victims speak out The Press Read the original article here
The business that owns the brand, Maketū Foods Ltd, was placed into voluntary solvent liquidation last week. Residents of Maketū — population 1311 in the 2023 Census — worry the brand will be lost and dozens of pie-makers will be out of a job. It’s not the first time the town has faced the possibility.…
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Kingston, NY, Nov. 25, 2024 (GLOBE NEWSWIRE) — Miller/Howard High Income Equity Fund (NYSE: HIE) (the “Fund”) announced today that the Fund completed its liquidation following the close of business on November 22, 2024. The liquidation was performed in accordance with the Fund’s investment objectives and organizational documents, consistent with the Fund’s previously announced liquidation…
Creditors in India have managed to reclaim an impressive Rs 3.55 lakh crore by resolving 1,068 cases under the insolvency law by September this year, as reported by the government on Monday. According to Harsh Malhotra, the Minister of State for Corporate Affairs, 1,963 Corporate Insolvency Resolution Process (CIRP) cases remain unresolved, with 1,388…
The National Company Law Appellate Chennai comprising of Justice Sharad Kumar Sharma, (Member Judicial) and Jatindranath Swain (Member Technical) dismissed two appeals filed by the Corporate Debtor seeking to challenge the order of NCLT, Bangalore by which it was directed to be put into the liquidation process and second to challenge the order of the…