New Delhi: Finance Minister Nirmala Sitharaman on Monday said the government is planning to extend the suspension of fresh insolvency proceedings for another three months, a move which will provide major relief to corporate borrowers hit by the coronavirus pandemic. Addressing the Bangalore Chamber Of Industry And Commerce (BCIC), she said the government has taken…
I do not care how many sports you add to the Olympics. Breakdancing sounds like fun. Sport climbing will also be great, as soon as I work out what that is. But there is a recurring theme whenever the Games roster is changed that we have to address. That is the suggestion joking or otherwise…
The Bankruptcy Law Reforms Committee, which proposed the IBC, noted that the most important objective in designing a legal framework for dealing with firm failure is the need for speed. By Bibek Debroy & Aditya Sinha, A few days ago, a woman in Bhopal moved a court because her father allegedly cheated in a Ludo…
Insolvency professionals appointed under the Insolvency and Bankruptcy Code (IBC) may not find it all that easy to contract out their duties to third party consultants or advisors (including non Insolvency Professional Entity) during corporate insolvency resolution process (CIRP) if the latest IBBI discussion paper is anything to go by. The Insolvency and Bankruptcy Board…
Queensland customers have helped bring iconic Australian brand Seafolly back from the brink after the swimwear retailer faced financial collapse during the COVID-19 crisis. The Sunshine State has accounted for more than forty per cent of Seafolly’s sales revenue in 2020 making Queensland the 45-year-old brand’s largest both in distribution of stores and revenue. Georgia…
Queensland customers have helped bring iconic Australian brand Seafolly back from the brink after the swimwear retailer faced financial collapse during the COVID-19 crisis. The Sunshine State has accounted for more than forty per cent of Seafolly’s sales revenue in 2020 making Queensland the 45-year-old brand’s largest both in distribution of stores and revenue. Georgia…
Queensland customers have helped bring iconic Australian brand Seafolly back from the brink after the swimwear retailer faced financial collapse during the COVID-19 crisis. The Sunshine State has accounted for more than forty per cent of Seafolly’s sales revenue in 2020 making Queensland the 45-year-old brand’s largest both in distribution of stores and revenue. Georgia…
Socialite Kate Waterhouse and her former rugby league player husband Luke Ricketson have emerged as the buyers behind one of Mosmans highest sales this year, splashing $17.8 million for a house fronting Balmoral Beach. It was an off-market purchase by the couple from rag trader Ling Zijian, more than three times the $5.3 million it…
Insolvency advisor urges businesses to address insolvency issues this year before Safe Harbour moratorium ends MEDIA RELEASE 18 December, 2020 FOR IMMEDIATE RELEASE BUSINESS LIFELINE TO END NYE BUSINESSES SHOULD SEEK PROFESSIONAL HELP ASAP -Insolvency Advisor urges businesses to address insolvency issues this year before Safe Harbour moratorium ends, to avoid tradinginsolvent on or after…
A new report from the Australian Small Business and Family Enterprise Ombudsman has confirmed the resilience of small businesses in the face of challenging conditions. The report, released by Ombudsman Kate Carnell today, provides a statistical overview of small business performance in Australia, using data available from the Australian Bureau of Statistics (ABS) and other…