Dick Smith shareholders who bought into the retailer’s $520 million initial public offer almost four years ago may be able to recoup some of their investment by joining a second class action against the failed retailer. Litigation funder ICP is finalising funding for a $200 million shareholder class action against Dick Smith after spending the last six months trawling through…
The creditor claim for embattled Ballarat windows and doors company Lontana Pty Ltd is set to run into the hundreds of thousands as more than 100 clients, suppliers and employers join the line-up to receive a cut. A liquidation notice on the Ring Road warehouse which was used by Lontana and Ballarat Windows and Doors.…
A MANUFACTURER of garden furniture in Thornbury has gone into liquidation after 30 years of trading. Britannic Furniture Ltd, based on Cooper Road in Thornburys industrial estate, manufactured and sold hardwood garden furniture to the general public as well as to the likes of the National Trust and cemeteries. The Bristol office of accountants Marzars…
Mumbai: Innoventive Industries has challenged the interim resolution professional’s (IRP) proposal to liquidate the company at the National Company Law Tribunal (NCLT) on grounds that three of its 21 lenders are creating hurdles in reviving the company. Innoventive Industries was the first case referred to the tribunal by ICICI Bank after the new Insolvency and…
ET Bureau| Updated: Oct 19, 2017, 11.30 AM IST The extended deadline for Nicco’s debt resolution expired on October 13. EXPAND TO VIEW ALL Kolkata: The National Company Law Tribunal (NCLT) has ordered liquidation of Nicco Corporation, a specialised cable maker and a defaulter of nearly Rs 300 crore of bank loans, and one of…
The Australian Tax Office is $535,000 out of pocket after the building company of Joe Scaffidi, the husband of Perths embattled Lord Mayor Lisa Scaffidi, folded in August. The company, Premier Building Solutions, is one of the entities caught up in the long-running legal brawl between Mr Scaffidi and his estranged brother, Gino. In 2014…
Accepting the reality there was “no future for the business” BMS Technology directors, John and Beverley Reid made the agonising decision to enter into voluntary administration. The Adelaide-based hardware distributor had been operating for 31 years and expanded into office and warehouse facilities in Perth and Melbourne. Peter Macks and Ian Burford of Macks Advisory…
By The Canadian Press Wed., Oct. 18, 2017 An Ontario judge has approved Sears Canadas request for a revised retention bonus plan for key head office staff and store managers who stay through its liquidation process. The number of people covered by the retention plan for head office executives and staff has dropped to 36…
Accepting the reality there was “no future for the business” BMS Technology directors, John and Beverley Reid made the agonising decision to enter into voluntary administration. The Adelaide-based hardware distributor had been operating for 31 years and expanded into office and warehouse facilities in Perth and Melbourne. Peter Macks and Ian Burford of Macks Advisory…
The uptake of cloud-based solutions among local businesses and increased market competition are two factors that have played a part in seeing Queenslands Data Centre Technologies enter voluntary liquidation. Joint liquidators, David Hambleton and James Imray of Rodgers Reidy, were appointed on 14 October; more than two decades after the Data Centre Technologies began operating,…