Six Chance Voight companies put into liquidation – BusinessDesk | NZ
Six Chance Voight companies put into liquidation BusinessDesk | NZ Read the original article here
Chance Voight companies placed in liquidation
The High Court has placed six firms associated with Rangiora investment company Chance Voight in liquidation after finding the group was insolvent and operating an unsustainable business model. The Financial Markets Authority asked the High Court to appoint liquidators to Chance Voight’s parent company and five core subsidiaries. The court heard the application at a…
Entire workforce including family founders lose jobs in distillery collapse
An entire workforce including founding family members has been made redundant following the collapse of a Scottish distillery. The failure of the award-winning gin producer came after a key investor pulled out, the liquidators said. The Herald revealed that the Secret Garden Distillery Limited was placed into voluntary liquidation last week. Now the liquidators at…
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REVEALED: Latest business liquidations in Kalamunda – The Daily Telegraph
REVEALED: Latest business liquidations in Kalamunda The Daily Telegraph Read the original article here
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Family founders among redundant after distillery collapse
The Herald revealed that the Secret Garden Distillery Limited was placed into voluntary liquidation last week. Now the liquidators at Opus Restructuring & Insolvency have revealed all 16 staff lost their jobs, and they also told of the circumstances leading up to the liquidation, which comes after the distillery celebrated being named UK Gin Producer…
Moratorium Under Section 14 of the IBC: Scope, Exceptions and the 2026 Amendments
Introduction The moratorium is arguably the single most powerful protective mechanism the Insolvency and Bankruptcy Code, 2016 offers a corporate debtor. The moment CIRP is admitted, Section 14 throws up a legal shield around the company suits are stayed, recoveries are frozen, and essential supplies must continue giving the resolution process breathing…
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