Another Australian success story is facing a sharp plot-twist, with Ellery filing for liquidation and citing poor strategic decisions in its wake. Last week Ellery closed its Sydney-based production facility Elleryland after over a decade of manufacturing and exporting from Australia. In mid-April it closed its Sydney stores and made 22 staff redundant. I…
A BANKRUPT Zilzie company has had their block of land sold from under them as they racked up five years of unpaid rates. Ray White Yeppoon held an auction on behalf of Livingstone Shire Council last month for a 693m2 block of land at 85 Cocoanut Point Dr, Zilzie. There were originally 18 properties that…
Lawyer and client shaking hands. Source: Pexels Below is a list of the top and leading Bankruptcy Lawyers in Sydney. To help you find the best Bankruptcy Lawyers located near you in Sydney, we put together our own list based on this rating points list. This article is updated every 3-4 months. Sydneys Best Bankruptcy…
Earlier in April, Ms Ellery removed her name from the Australian company, changing it from Ellery Land to a catchy-sounding ACN 124 374 358 Pty Ltd, the Australian company number. The brand hosted a “mega sale” at Paddington Town Hall this month with up to 90 per cent off never-before-seen pieces. Renowned for its exaggerated…
New Delhi: Resolution plans under IBC have yielded 200 per cent of liquidation value for creditors in addition to rescuing viable firms, IBBI Chairperson M S Sahoo has said. “They are realising, on an average, 45 per cent of their claims through resolutions plans under the Corporate Insolvency Resolution Process (CIRP), which takes on average…
Disclosure under Regulation 30(2) read with Schedule III of Securities and Exchange Board of India (LODR) Regulations, 2015 – Post – facto Outcome of the Second Meeting of Committee of Creditors of Punj Lloyd Limited Dear Sir/Madam, Pursuant to Regulation 30 (2) of Securities and Exchange Board Of India (Listing Obligations & Disclosure Requirements) Regulations,…
Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) read with Para 16(1) & (g) of Schedule III of LOOR – Results of Voting by members of Committee of Creditors. Dear Sir/Madam,Results of voting by the members of Committee of Creditors.In compliance of Para 16 (f) of part A…
NEW DELHI: Resolution plans under IBC have yielded 200% of liquidation value for creditors in addition to rescuing viable firms, IBBI Chairperson M S Sahoo has said. “They are realising, on an average, 45 per cent of their claims through resolutions plans under the Corporate Insolvency Resolution Process (CIRP), which takes on average 300 days…
From: Department of Finance Canada April 25, 2019 Toronto, Ontario Department of Finance Canada Every Canadian should feel good about what the future holds, and confident that support will be there when they need it. That includes Canadas seniors, who deserve a secure and dignified retirement after a lifetime of hard work. Budget 2019 is…
The number of people in Scotland being declared insolvent rose by more than 20% in a year, new figures indicate. Accountant in Bankruptcys provisional estimates show personal insolvencies increased 20.5% from 10,602 to 12,779 between 2017/18 and 2018/19. The increase was driven by a type of insolvency agreement called a protected trust deed, which rose…