Category Archives: Liquidation

The interplay between the Cape Town Convention and insolvency law when a private airline company undergoes liquidation in India

Krrishan Singhania K Singhania & Co, Mumbai [email protected] Avni Singhania K Singhania & Co, Mumbai [email protected] K. Anjana Devi K Singhania & Co, Mumbai [email protected] Aayush Shah K Singhania & Co, Mumbai [email protected] Overview of the aviation insolvency proceedings before Indian courts In India, the Insolvency and Bankruptcy Code (IBC) was introduced to safeguard stakeholders’…

Bonza creditors liquidate company in Hall Chadwick meeting

The future of budget airline Bonza is officially over, with creditors voting to liquidate the company. At a meeting with administrators Hall Chadwick on Tuesday, the upstart airline’s creditors ended the months-long saga that kicked off in late April when the company first collapsed. “The second meeting of creditors took place today, where it was…

REX ASX: Rex Airlines enters voluntary administration” – WAtoday

REX ASX: Rex Airlines enters voluntary administration”  WAtoday Read the original article here

What’s keeping the Go First insolvency saga boiling?

Last week the National Company Law Tribunal (NCLT) granted a 60-day extension to the grounded airline Go First to complete its insolvency process. It was the fourth time it was doing so. In this issue of DH Deciphers, Abhilash Reddy, unpacks why the matter is dragging and how it got here. How long has the…

East Imperial PLC Announces Voluntary Liquidation

East Imperial PLC (GB:EISB) has released an update. East Imperial PLC, once a leading producer of super-premium beverages, has announced plans for a creditors’ voluntary liquidation, with a shareholders’ meeting scheduled for August 28, 2024, to appoint joint liquidators from Begbies Traynor (London) LLP. The meetings, where creditors will also decide on the liquidation committee…

Rex enters voluntary administration, grounds 737s – St George & Sutherland Shire Leader

Rex enters voluntary administration, grounds 737s  St George & Sutherland Shire Leader Read the original article here

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GigSuper holding company, for gig workers and sole traders, enters voluntary liquidation

The holding company of a superannuation fund created seven years ago to service ‘gig economy’ and self-employed workers has entered voluntary liquidation. The GigSuper Group collapsed just over two years ago, reportedly owing creditors $2.7 million. Both the holding company, GigSuper Holdings Pty Ltd, and the subsidiary company, GigSuper Pty Ltd, entered voluntary administration in…

Billson’s Brewery administrators ‘optimistic’ buyer can be found

In short: An appointed administrator overseeing the historic brewery says he’s “optimistic” a buyer can be found for the business despite its financial woes. Thirty staff were made redundant following the announcement the brewery entered voluntary administration on Wednesday. What’s next? Administrator’s say they will keep the business operating while they seek a buyer. Administrators…

ATO ‘hell bent’ on chasing down $34bn in small business debts

The ATO is “hell bent” on chasing down $34 billion worth of debts owed by small businesses using director penalty notices (DPNs) and legal action, insolvency professionals say. Insolvency Australia (IA) members said that recent activity showed the ATO was not only coming good on its promise to end its pandemic-era leniency but that it…