Popular south-western Sydney nightspot collapses owing $163k – The Daily Telegraph
Popular south-western Sydney nightspot collapses owing $163k The Daily Telegraph Read the original article here
REVEALED: Liquidator appointments for businesses in the Hobart council area for October 15 – The Mercury
REVEALED: Liquidator appointments for businesses in the Hobart council area for October 15 The Mercury Read the original article here
Fashion icon to shut 26 stores
Cue Clothing has gone into voluntary administration. Photo: Supplied Cue Clothing and Veronika Maine brands will close 26 stores across Australia as the embattled brand fights off permanent closure. Receivers FTI Consulting said the stores would start closing from Thursday, although it did not provide the details of locations or brands. Customers will still be…
Limitation for Section 62 IBC Appeal Commences on Date of NCLAT Pronouncement, Not When Party Chooses to Collect Certified Copy: Supreme Court
The Supreme Court of India has held that the period of limitation for filing a statutory appeal under Section 62 of the Insolvency and Bankruptcy Code, 2016 (IBC) commences from the date the National Company Law Appellate Tribunal (NCLAT) pronounces its order in open court, and not from the date on which an appellant chooses…
ASIC finalises third SB restructuring review as retail collapses mount
The corporate watchdog will release its third review of the small business restructuring (SBR) regime next month, as insolvencies remain elevated across Australia, while rising in retail. The upcoming report will examine how the SBR process has operated from its commencement in 2021 up to June 30, 2026. It will cover changes in the outcomes…
Winding-up orders justified after liquidator proves companies were a pooled group
Three entities have lost their bid against their liquidator after the latter proved they were too intertwined to not be considered a pooled group for the purposes of winding up. Liquidator Mohammad Mirzan Bin Mansoor has won his proceedings in the Federal Court of Australia for justification to combine three related entities into a single…
SME stress rises as big business buffers up
Australia’s large businesses are borrowing more and failing less — but their smaller counterparts are heading in the opposite direction, with SME insolvencies rising, delinquencies spiking, and ATO defaults surging, according to Equifax’s May 2026 Business Market Pulse. Read the original article here
SolarZero exec’s new firm liquidated, leaving customers once burnt, twice shy
A solar installation company founded by a former SolarZero executive has been liquidated, leaving a trail of disgruntled customers in its wake. Solar Hub was founded by its sole director Yogesh Chand, formerly chief operating officer at the now collapsed SolarZero, and his wife Sangita Chand in 2021. Subscribe to continue reading Already have an…
How Can a Billion-Dollar Company Be Worth More Dead Than Alive?
Key takeaways Some companies hold assets worth more than their shares Liquidation can unlock value hidden by struggling operations Debt, taxes and selling costs can erase potential gains A company worth $1 billion on the stock market might own $2 billion in property, equipment and investments. Yet investors could still value the entire business at…
BREAKING: Judge approves Genesis liquidation plan, closing ‘tense’ and uncertain chapter in company history – McKnight's Long-Term Care News
BREAKING: Judge approves Genesis liquidation plan, closing ‘tense’ and uncertain chapter in company history McKnight’s Long-Term Care News Read the original article here