IBBI proposes compliance procedures for IPs, seeks stakeholder feedback – The Economic Times

Liquidation

The IBBI has proposed changes to the corporate insolvency resolution process (CIRP) forms and compliance framework to reduce compliance burden on insolvency professionals, and sought stakeholders’ comments by July 1. These changes will reduce the amount of information and data that insolvency professionals (IPs) need to submit, thereby enhancing efficiency and reducing redundancy.The Insolvency Bankruptcy…

Sydney advisory firm appoints voluntary administrators for certain Insitec entities – Defence Connect

Liquidation

Sydney advisory firm McGrathNicol Restructuring have announced the appointment of voluntary administrators of Certain Insitec Entities. Youre out of free articles for this month Login Sign up To continue reading the rest of this article, please log in. Create free account to get unlimited news articles and more! Barry Kogan and Damien Pasfield (partners) will…

Ocho Chocolate directors pitch voluntary liquidation – The National Business Review

Liquidation

Dunedin craft chocolate company which once raised $2m through equity crowdfunding faces ‘financial uncertainty’ and can trade for only ‘short amount of time’. A special meeting to consider a resolution to appoint a liquidator will be held later this month. Directors of Dunedin craft chocolate company Ocho are proposing voluntary liquidation because the business faces…

Future of Dunedin chocolate company Ocho in limbo as board seeks voluntary administration – New Zealand Herald

Liquidation

Dunedin craft chocolate company Ocho faces the prospect of being put into voluntary liquidation. The directors of Dunedin craft chocolate company Ocho are proposing to wind up the company amid financial difficulties. The board today notified staff and shareholders that it was seeking voluntary administration, saying it believes the company is unable to trade out…

MediSecure enters liquidation just weeks after GP prescription data stolen – Australian Doctor

Liquidation

Prescription software company MediSecure has gone into liquidation less than a month after being hit by a ransomware cyber attack, with affected doctors still unsure what personal information was stolen. The company, which stopped processing PBS scripts last year after the Federal Government awarded a sole provider contract to long-time rival eRX, was still processing…