Rosmerta Digital Services, an operational creditor of Ola Electric Technologies, has filed a plea to initiate insolvency proceedings against the wholly owned subsidiary of electric two-wheeler maker Ola Electric, over alleged payment defaults.The petition, filed before the Bengaluru bench of the National Company Law Tribunal (NCLT), claims non-payment for services rendered and seeks to initiate…
Watch Bankruptcy Trends in Focus Bloomberg.com Read the original article here
A corporate debtor may still argue pre-existing problems, particularly if they were brought up prior to the notice being given, even if they do not reply to a section 8 notice within 10 days The National Company Law Tribunal (NCLT) Mumbai has held that failure to respond to a demand notice within 10 days under…
Credit: Hush Naidoo Jade Photography via Unsplash Marketing and technology group GrowthOps Australia has gone into voluntary administration, AdNews can reveal. GrowthOps formed in late 2017 as part of an eight-way merger, acquiring AJF Partnerships, 3wks, Digital Moshi, Institute of Executive Coaching and Leadership, jtribe, KDIS, Khemistry and Voodoo Creative. A local source told AdNews 18 people in…
Inspired Homes in voluntary administration, McGrathNicol appointed businessnews.com.au Read the original article here
While some markets, including Australia, Singapore, and Japan, may see a moderation in insolvencies in 2025, other economies – such as Taiwan (8%), South Korea (3%), and Hong Kong (2%) – are expected to continue experiencing increases, primarily due to subdued trade demand and prolonged financial pressures. Read the original article here
NCLT : Petition u/s 7 of IBC Against Corporate Guarantor Not allowable without proper Establishment of Valid Delivery of Guarantee Invocation Notice Taxscan Read the original article here
Administrators called in for home builder Inspired The West Australian Read the original article here
April 1 2025, 4:45 pm | BY Ricki Green | No Comments GrowthOps, owned by Trimantium, has entered voluntary administration, placing all its businesses—including Brisbane full-service agency Khemistry, Sydney PR agency Forward and several others—into liquidation. According to sources, all operations have ceased, and staff have been stood down. GrowthOps, founded by Phillip Kingston,…
Jeanswest, the iconic Australian fashion brand, has announced a major stock sale after entering voluntary administration. The company, once a dominant name in the Australian retail landscape, now faces a shift to an online-only model. The sale, which includes over $20 million worth of stock, will run through its physical stores and online platforms. Company…