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Plan to save Barbeques Galore flames out with 62 stores to close

A plan to save the collapsed Barbeques Galore business has fallen through, resulting in the closure of 62 company-owned stores and the retail chain’s likely liquidation. Related Article Block Placeholder Article ID: 337064 Barbeques Galore, which sells barbeques, outdoor furniture, and wood heaters, first fell into administration in February. Its secured creditor appointed Ankura’s Quentin…

Liquidations outpace resolutions under IBC as recovery rates remain weak: Report

India’s insolvency resolution framework continues to face execution-related challenges, with liquidation remaining the dominant closure route and recovery rates showing little improvement despite multiple regulatory reforms, according to a report by India Ratings and Research (Ind-Ra). The agency said that while recent amendments and refinements to the Insolvency and Bankruptcy Code (IBC) are structurally positive,…

Agtech startup Goterra enters voluntary administration, flags prospect of sale — Capital Brief

The news: Canberra-based Agriculture tech startup Goterra has entered voluntary administration after failing to secure the investment needed to scale its waste-processing operations. The context: The appointment follows ASIC fillings showing the company board appointed Teneo’s Daniel Walley and Martin Ford to serve as joint administrators. In a statement to SmartCompany, a Goterra representative confirmed…