AMCON Partners Practitioners On Insolvency, Asset Management

      By Rukayat Moisemhe Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has partnered the Asset Management Corporation of Nigeria (AMCON) to empower practitioners with the international best practices on business insolvency and asset management recovery. Both parties at an engagement on Monday in Lagos, stressed the need to jointly build body…

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645 real estate firms “rescued” under insolvency process: IBBI chief – Banking & Finance News

Among nearly 1,400 real estate/construction companies that were admitted into the corporate insolvency resolution process (CIRP) so far, 645 were “successfully rescued”, via resolution or closure, and 261 were liquidated, Insolvency and Bankruptcy Board of India (IBBI) Chairperson Ravi Mittal said on Tuesday.  He noted that the number of rescued companies has been 2.5 times…

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Slot Hoarding: What is it and could it have contributed to Rex airlines going into administration?

14 Aug 2024 Slot Hoarding: What is it and could it have contributed to Rex airlines going into administration? Consumer Affairs, News & Politics, Travel LISTEN TO PODCAST NOW https://joy.org.au/joydrive/wp-content/uploads/sites/489/2024/08/JD-X-Doug-Drury-X-Slot-Hoarding-X-12-August-2024.mp3 Podcast: Play in new window | Download (Duration: 8:13 — 9.4MB) Subscribe or Follow Us: Apple Podcasts | Spotify | RSS … Read the original…

E-Mersion Media collapses into liquidation owing $12m, makes 4 sales in 4 years

An Aussie tech start-up that sensationally collapsed with debts of more than $12 million was losing money since its inception, according to the liquidator’s report. E-Mersion Media, based in Melbourne and with offices also in the UK, captured investors’ interest with its “innovative” idea of digitising traditional print magazines. But the media-tech business only managed…

Adelaide bus manufacturer hits roadblock

Edinburgh-based BusTech SA, together with its Queensland counterpart, appointed a voluntary administrator on August 12. BusTech SA was party to an $11.75 million state government contract announced in January, in which it would supply vehicle bodies, with Scania to build the chassis. Transport Minister Tom Koutsantonis said he was concerned about BusTech’s situation. “I’m very…