Creditors owed more than $7 million after the sudden cancellation of Byron Bay’s Bluesfest in March are unlikely to recoup all of the money they are owed, a new financial report has revealed. The company running the festival went into liquidation in March, three weeks before the Easter event was due to begin. Worrells, the…
Next week could be D-Day for the commercial survival of sugar giant Tongaat Hulett. Arguments for and against its provisional liquidation will be presented in the Durban High Court on Tuesday and Wednesday. The SA Canegrowers Association, which represents 27 000 small-scale growers and 1 100 large-scale commercial growers, has painted a dire picture should…
Nathan River Resources Administration: The $360 Million Collapse Explained Discovery Alert Read the original article here
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REVEALED: Latest business liquidations in Casey Herald Sun Read the original article here
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The NCLT has allowed the State Bank of India to start personal insolvency proceedings against Anil Ambani regarding alleged unpaid guarantees worth ₹1,200 crore. This legal development brings focus to the complex issue of promoter personal liability in India. While the industrialist intends to appeal, the case highlights potential governance risks and uncertainty for the…