CHENNAI: Homestay aggregator, Stayzilla is now fighting to stay alive, putting forth its strongest arguments on why it should not be liquidated. The next round of debate will happen on Thursday at the Chennai Bench of NCLT, where its vendor Jigsaw Solutions has initiated insolvency proceedings against Stayzilla. The advertising agency has filed a petition…
Telstra reseller, Interactive Telecoms, is likely to enter into liquidation today, following the closure of the business in early August. The companys joint administrator, Ian Purchas, told ARN that Telstra withheld a “significant payment” after terminating its licensing agreement with the reseller. The New South Wales-based company entered into voluntary administration on 2 August and…
Telstra reseller, Interactive Telecoms, is likely to enter into liquidation today, following the closure of the business in early August. The companys joint administrator, Ian Purchas, told ARN that Telstra withheld a “significant payment” after terminating its licensing agreement with the reseller. The New South Wales-based company entered into voluntary administration on 2 August and…
THE future of Ostwald Bros still hangs in the balance, with interested parties set to decide within weeks whether to dissolve or save the business. Dozens of unsecured creditors met with the administrators for the struggling civil construction company in Toowoomba yesterday, as further details were revealed about its financial woes. PriceWaterhouse Coopers’ Derrick Vickers…
TORONTO, Sept. 6, 2017 /CNW/ – GSNH LLP continues to build and strengthen its growing Restructuring & Insolvency Group with the arrival of Jennifer Stam. Jennifer was previously a Partner at Gowling WLG. Jennifer’s joining the Group reinforces its position as a leading insolvency law boutique offering clients sophisticated insolvency expertise with an entrepreneurial, facilitative…
The future of 44 jobs have been saved after funding was secured to set up a new renewable energy company. Greener For Life Energy Ltd, based at Cleave Farm, Templeton, Tiverton, which had been trading for three and a half years, went into liquidation on August 29. However, a number of the directors of the…
The Liverpool event’s second day was cancelled, with some punters calling the festival ‘shambolic’ and ‘dangerous’ The company behind Hope & Glory Festival has gone into liquidation. The inaugural event, which was held on August 5-6 in Liverpools St. Georges Quarter, was plagued by an onslaught of problems on its first day. Organisers were forced…
Balcatta-based electrical, fire and security service provider Global Electrotech has gone into liquidation after creditors appointed DCS Advisory to the failed business, which owes about $1.2 million. Global Electrotech fell into the hands of WA Insolvency Solutions as administrators in 2013, but gained control several months afterwards with a deed of company arrangement, while the…
Troubled civil construction and mining services business Brierty has been placed in voluntary administration after failing to secure what it considered to be an adequate pipeline of future work. Brierty, which has failed to recover from both the mining downturn and cost blowouts on a Main Roads project last year, said it had appointed Matthew…
Question: My family business has been operating successfully for nearly 20 years. Over time I have also managed to get a few investors into the business. The last year, however, has been tough and we are struggling to make ends meet. I feel it is decision time about the future of the business, but…