$2m debt as school, hospital, shopping centre aircon company enters liquidation – Courier Mail
$2m debt as school, hospital, shopping centre aircon company enters liquidation Courier Mail Read the original article here
Cyberattack target MediSecure enters voluntary administration
Prescription delivery service provider MediSecure, which fell victim to a large-scale cyber breach that compromised the personal health information of thousands of Australians in April, has entered voluntary administration and is expected to face its creditors later this month. FTI Consulting on Wednesday issued a statement in which it said Vaughn Strawbridge and Paul Harlond…
Byju’s Lenders Submit Insolvency Filing After Missed Payment
Lenders to Byju’s Alpha filed an insolvency petition after the Indian education startup missed payment on a $1.2 billion loan. The move, announced by creditors in an emailed statement on Thursday, is the latest step in the fight between the startup founded by Byju Raveendran, once valued at $22 billion, and its creditors. Lenders have…
This city has seen its sixth building company collapse in as many weeks; can the industry recover? – building and construction news
The tsunami of building company collapses continues unabated, with Perth housing customers suffering losses and delays as a sixth builder has collapsed in just weeks. Western Australian home builder Start Right Homes has been sent into liquidation with another 24 hapless customers of failed builders joining the ranks of the disgruntled. The Osborne Park building…
Darlinghurst Theatre Company placed into voluntary administration
Darlinghurst Theatre Company has announced via social media and its website that its directors have resolved to place the company into voluntary administration as of 17 June 2024. The company was formed in 1993 by Glenn Terry. Housed in The Eternity Playhouse since 2013, the “Darlo” has been a mainstay of Australian theatre for three…
Intersection between the Borrowers and Lenders Act and the Corporate Insolvency Act
By Audrey Naa Dei KOTEY& Clara METTLE-NUNOO In 2020, Ghana’s Parliament passed two significant pieces of legislation affecting the right of lenders, and borrowers both in and out of insolvency. The first was the Corporate Insolvency and Restructuring Act, 2020 (Act 1015). The second was the Borrowers and Lenders Act, 2020 (Act 1052). While these…
Toplace creditors vote to defer liquidation in hope of better return
Creditors of collapsed Western Sydney developer Toplace, which amassed debts of over $2 billion before founder and now fugitive Jean Nassif fled to Lebanon, voted on Tuesday to hold off liquidation of the group in favour of a scheme that may see them get a better payout. Known as a holding deed of a company…
Access Print Solutions for sale after entering voluntary administration in NSW and SA
Above: Sule Arnautovic from Salea Advisory Access Print Solutions, Graphic Print Group (GPG) and Graphic Web in Sydney and Adelaide are now for sale after entering voluntary administration with 50 employees affected. Sule Arnautovic from Salea Advisory has been appointed voluntary administrator for the three businesses by the directors of the business. Arnautovic is a…
The SICC’s first restructuring decision: recognition of Garuda Airlines PKPU proceedings | Global law firm
Introduction In October 2022, the Singapore International Commercial Court (SICC)’s procedural rules were amended to provide it with the jurisdiction to hear cross-border corporate insolvency, restructuring and dissolution proceedings. Highly respected restructuring and insolvency judges were also appointed to SICC’s panel of international Judges, to cement Singapore’s position as the Southeast Asian jurisdiction…
Melbourne company collapses owing $900k
An Australian company has collapsed leaving a trail of creditors owed more than $900,000, including up to 20 customers who had paid deposits but never had the work done. Melbourne (Wholesale) Roller Shutters went into liquidation in March with 41 unsecured credits left out of pocket by $908,000, according to an initial report from liquidators…