Leading Edge Computers member store, Coffs Computing Services, has been placed in liquidation owing $1.2 million to creditors. The company was registered with the Australian Securities and Investments Commission (ASIC) in March 2001 as Webtrap Pty Limited. David Michael Morgan and Morgan James Chubb from Clout & Associates were appointed liquidators on 8 January 2018. …
The owner of embattled builder Cooper & Oxley has broken his silence, hitting back at claims subcontractors were mistreated and revealing the cause of the companys financial difficulties. Managing director George Hampel yesterday rejected claims the builder had used subcontractors as banks and owed them up to millions of dollars each. Cooper & Oxley is…
press trust of indiaNew Delhi, Feb 6: There is no plan to make Aadhaar mandatory for donors under the electoral bonds scheme, which is aimed at bringing transparency in funding of political parties, the government has informed the Lok Sabha. The government had notified the scheme on January 2. There is no proposal currently to…
Leading Edge Computers member store, Coffs Computing Services, has been placed in liquidation owing $1.2 million to creditors. The company was registered with the Australian Securities and Investments Commission (ASIC) in March 2001 as Webtrap Pty Limited. David Michael Morgan and Morgan James Chubb from Clout & Associates were appointed liquidators on 8 January 2018. …
NEW DELHI: As many as 40 corporate insolvency resolutions, under the Insolvency and Bankruptcy Code, have been completed, Union Minister P P Chaudhary said today. The Code, which provides for market–determined and time– bound resolution process, is being implemented by the Insolvency and Bankruptcy Board of India (IBBI). “By December 2017, 40 transactions of corporate…
The developer of Perth’s 500 Hay Street hotel, cinema and office project has signalled its disappointment with struggling builder Cooper & Oxley’s decision to suspend works at the Subiaco site. Workers at the Subiaco Hay Street site confronted security guards on Tuesday in an effort to retrieve a large toolbox, 9 News Perth reported. Play Video…
Image: Shutterstock This time, Budget was much awaited, since Finance Minister had to do a tight ropewalk by balancing between expectations of masses to deliver achhe din and slipping fiscal deficit, in view of unstable GST collections. In the Budget, there has been a clear thrust on empowering rural economy by supporting agriculture and boosting…
The Insolvency and Bankruptcy Code, 2016 has been hailed as bringing a new dimension to business funding in India. While it is expected to change funding patterns dramatically, short-term pain can be quite deep. The resolution process under the Code entails a comprehensive restructuring process for the corporate debtor (i.e. company) such as changes of…
While the Joint Plan of Liquidation remains subject to further revision by the Plan Proponents, the Bankruptcy Court has scheduled a hearing on February 12, 2018 to consider the confirmation of the Joint Plan of Liquidation. The Debtors can provide no assurance that the Bankruptcy Court will confirm the Joint Plan of Liquidation at such…
One of Western Australia’s largest commercial builders has suspended trading as it reviews its “financial viability”. Jolimont-based Cooper & Oxley sent a letter via email to its subcontractors yesterday instructing them to stop work, saying it was not in a position to pay any accounts at present. The company later put out a statement…