Christchurch Japanese restaurant battles liquidation as linked companies’ debts surpass $3m – The Press
Christchurch Japanese restaurant battles liquidation as linked companies’ debts surpass $3m The Press Read the original article here
Interior design firm Unique Fabrics in liquidation
Stephen Keen and John Fisk of Teneo New Zealand were appointed liquidators of Unique Fabrics, while Melissa Humann, Rebecca Gill and Craig Crosbie of Teneo Australia were appointed liquidators of Unique Fabrics New Zealand Pty Ltd. BWA Insolvency’s latest quarterly market report showed insolvencies may have peaked, even if risks still remain for businesses. The…
No Cookies | Geelong Advertiser
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Small-ticket insolvency cases need separate mechanism, says ICRA
ICRA also highlighted the limited success of the pre-packaged insolvency process for MSMEs and stressed the need for stronger NCLT infrastructure, additional tribunal members and quicker disposal of legacy cases to improve recoveries and reduce resolution timelines. Rating agency Icra on Wednesday pitched for a separate framework for small-ticket insolvency cases before they reach the…
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No Cookies | Daily Telegraph
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Awakeri Hot Springs closes, business in liquidation with $1 million IRD debt
Their first report said the business was affected by Covid-19, poor trading conditions and a lack of guest stays, which left the company unable to meet its debts. The only known debt listed was more than $1.06m to Inland Revenue (IRD). The Bank of New Zealand and the site’s landowner, Pukaahu Domain Whānau Trust, were…
Awakeri Hot Springs closes, business in liquidation with $1 million IRD debt
Their first report said the business was affected by Covid-19, poor trading conditions and a lack of guest stays, which left the company unable to meet its debts. The only known debt listed was more than $1.06m to Inland Revenue (IRD). The Bank of New Zealand and the site’s landowner, Pukaahu Domain Whānau Trust, were…