Category Archives: Liquidation

Gold miner Avocet proposes voluntary liquidation – Reuters

June 28 (Reuters) – Struggling gold miner Avocet Mining Plc on Friday said its board has proposed voluntary liquidation of the company and that remaining cash be used to pay creditors. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Bernard Orr) Our Standards:The Thomson Reuters Trust Principles. Read the full article at: https://www.reuters.com/article/avocet-mining-liquidation/gold-miner-avocet-proposes-voluntary-liquidation-idUSL4N23Z1OZ

Court slaps $2.3 million fine on company selling fake Aboriginal art – Sydney Morning Herald

Loading The Australian Competition and Consumer Commission urged Justice Melissa Perry to award a penalty in the range of $2 to $2.5 million as a deterrent to this kind of breach, which could undermine the integrity of the Indigenous arts sector. Such conduct puts at risk an array of economic and social benefits which are…

Fake Aboriginal Art company slapped with $2.3 million fine – 9News

An Australian business caught selling fake Aboriginal art has been fined $2.3 million dollars in a federal court ruling today, highlighting a thriving black-market that exploits and expropriates Indigenous culture. Brisbane company Birubi Art was found to have breached Australian consumer law and to have misled its customers by promoting products as genuine Aboriginal art…

Court slaps $2.3 million fine on company selling fake Aboriginal art – Brisbane Times

Loading The Australian Competition and Consumer Commission urged Justice Melissa Perry to award a penalty in the range of $2 to $2.5 million as a deterrent to this kind of breach, which could undermine the integrity of the Indigenous arts sector. Such conduct puts at risk an array of economic and social benefits which are…

Neueon Towers Ltd – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

We refer to the provisions of Regulation 30 (Schedule III, Part A, Clause A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and wish to inform you that the First meeting of the Committee of Creditors (CoC) of Neueon Towers Limited (the “Company”) under the provisions of the…

Toowoomba builder placed in liquidation – The Weekly Times

A SOUTHEAST Queensland building company has been placed in liquidation after an application to the Supreme Court by WorkCover and hardware giant Bunnings. Vincents Chartered Accountants director Nick Combis was appointed liquidator of ATSBuild, based in Toowoomba, on June 20. Mr Combis is yet to lodge any official reports with the Australian Securities and Investments…

Toowoomba builder placed in liquidation – Chronicle

A TOOWOOMBA building company has been placed in liquidation after an application to the Supreme Court by WorkCover and hardware giant Bunnings. Vincents Chartered Accountants director Nick Combis was appointed liquidator of the business on June 20. Mr Combis is yet to lodge any official reports with the Australian Securities and Investments Commission. WorkCover began…

Farming patriarch defends trading insolvent claim – South Burnett Times

A FARMING empire patriarch has responded to claims he and the company he was a director of traded while insolvent for 11 months. Giatano (Guy) Barbera has vigorously disputed the allegations in papers lodged in the District Court this month in which he has asked for a judge only trial. Mr Barbera and his company…

Jet Airways insolvency process: Airline employees receive 1st letter from resolution professional – Business Today

Days after the National Company Law Tribunal initiated insolvency process against Jet Airways, its employees have received the first letter from Resolution Professional Ashish Chhawchharia. The letter, issued on June 20, states the Corporate Insolvency Resolution Process (CIRP) has started the insolvency process under the Insolvency and Bankruptcy Code (IBC). The bankruptcy tribunal has ordered…

Southern Online Bio Technologies Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

Notice for the 14th Meeting of the Committee of Creditors of Southern Online Bio Technologies Limited (under Corporate Insolvency Resolution Process) under the provisions of The Insolvency and Bankruptcy Code 2016 read with Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations 2016. Day & Date: Tuesday 25th June, 2019.Time 4.00…