The Insolvency and Bankruptcy Board of India (IBBI) has recommended several changes in the liquidation process under the Insolvency and Bankruptcy Code (IBC), in order to enhance overall efficiency, increase stakeholder confidence, and improve financial outcome for all parties involved. One key change is to allow the IBBI to operate and manage the corporate liquidation…
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By ZAK WHEELER FOR DAILY MAIL AUSTRALIA Published: 01:18 AEDT, 19 January 2025 | Updated: 01:18 AEDT, 19 January 2025 A building company has gone bust in South Australia leaving multiple homeowners with half finished properties they had already handed over large sums of cash for. JAC Homes was placed into liquidation this week, according…
Aussie building company collapse leaves homeowners out-of-pocket MSN Read the original article here
Aussie building company collapse leaves homeowners out-of-pocket MSN Read the original article here
Aussie building company collapse leaves homeowners out-of-pocket MSN Read the original article here
Months after struggling to secure a firm source of funding and of watching its shares lose value on an almost daily basis, the people behind Canoo decided Friday to park the EV venture, flat tires and all and filed for Chapter 7 bankruptcy. Since it’s not a reorganization or Chapter 11 bankruptcy filed…
Employees at the Oriel Hotel were reportedly told yesterday (January 17) that the venue had closed due to the firm going into liquidation. The Journal made attempts to contact the hotel, and received a recorded message stating the “hotel is now closed due to the company being in liquidation”. A hotel since the 1960s, the property was…
Aussie building company collapse leaves homeowners out-of-pocket MSN Read the original article here
Summary On 23 March 2020, the Federal Parliament passed the Coronavirus Economic Response Package Omnibus Bill 2020 (the COVID Act). The COVID Act received Royal Assent on 24 March 2020 which amended, amongst other things, the Corporations Act 2001, the Bankruptcy Act 1966 and the Bankruptcy Regulations 1996 to temporarily release directors from a risk…