A Victorian building company has collapsed, leaving almost 100 homeowners in a state of limbo. Montego Homes on Monday became the first major building company to enter voluntary administration in 2024, continuing a difficult few years for the construction sector. Insolvency firm Cor Cordis has been called in to act as administrator for the South…
A Victorian building company has collapsed, leaving almost 100 homeowners in a state of limbo. Montego Homes on Monday became the first major building company to enter voluntary administration in 2024, continuing a difficult few years for the construction sector. Insolvency firm Cor Cordis has been called in to act as administrator for the South…
A Victorian builder has been plunged into administration, impacting almost 100 homeowners across the state. Montego Homes appointed insolvency firm Cor Cordis on Monday, citing the impact of rising building costs. “Given the challenges that the construction industry has faced recently including rising building costs, the directors made the decision to appoint Voluntary Administrators to…
Montego Homes Enters Voluntary Administration Amidst Economic Pressures The Victoria-based construction company, Montego Homes, has entered voluntary administration causing a sudden halt to all its 18 ongoing projects. The immediate suspension has left around 90 customers amidst uncertainty and resulted in 11 employees losing their jobs. The administration firm, Cor Cordis, was appointed on Monday…
A building company has appointed administrators and all work has urgently been paused, plunging nearly 100 homeowners into limbo. On Monday, Victorian-based building firm Montego Homes Pty Ltd went into voluntary administration. Sam Kaso and Shaun Matthews of insolvency firm Cor Cordis have been appointed as the administrators and halted all constructed work while they…
By Daily Mail Australia Reporter Published: 08:10 AEDT, 17 January 2024 | Updated: 08:34 AEDT, 17 January 2024 Another building firm has gone into voluntary administration immediately putting a pause on all projects. Victorian-based Montego Homes appointed Cor Cordis as administ… Read the full article at: https://www.dailymail.co.uk/news/article-12971033/Montego-Homes-goes-administration-Victorian-construction-company-hits-pause-projects.html
Zee-Sony merger: The Supreme Court on Tuesday upheld the Delhi High Court’s ruling to refer the Rs 150 crore dispute between Aditya Birla Finance and Siti Networks to arbitration. The high court had appointed former Supreme Court judge Justice LN Rao as the sole arbitrator. Aditya Birla Finance had alleged that Siti has not settled…
The number of Australian construction companies hitting the wall continues to soar, with almost 1,400 businesses collapsing in the second half of 2023. The latest numbers released this week by the corporate regulator, Australian Securities and Investments Commission (ASIC), revealed that 29 per cent more companies folded than in the same period in 2022. Overall…
The National Company Law Appellate Tribunal (NCLAT) on Thursday said former promoters and directors of a company going through insolvency process are not barred from submitting bids until they are ineligible under clauses of Section 29A of the insolvency law. The mere fact that someone was a promoter and director of a company going through…
Wayward Brewing Co. and Local Drinks Collective enter voluntary administration to facilitate financial restructuring Wayward Brewing Company Pty Ltd (Wayward) and Local Drinks Collective Pty Ltd (LDC), have announced their decision to appoint an administrator to help facilitate a financial restructuring of the business. Wayward operates a craft brewery and taproom in Camperdown, in the…