By FREDDY PAWLE FOR DAILY MAIL AUSTRALIA Published: 10:22 AEDT, 29 November 2024 | Updated: 10:33 AEDT, 29 November 2024 A major South Australian dairy company is shutting down after a ‘perfect storm’ of challenges forced it to plunge into voluntary administration. Beston Global Food Company, which produced the Beston’s Edwards Crossing and Mables dairy…
The Australian business of unisex fashion brand Dion Lee has been placed into voluntary administration, with the company’s financial status remaining undisclosed. The brand has appointed DVT Group as voluntary administrators for its Australian-based operations. Administrator Antony Resnick and his team are working to assess all options regarding the company’s US business. “We are in the very…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Case study: How to determine a solid path forward in a liquidation EY Read the original article here
The NCLAT New Delhi bench of Mr. Justice Ashok Bhushan (Chairperson), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) has held that liquidator can recover the amount of the corporate debtor by filing an application under section 60(5)(c) of the code before the NCLT as it is a matter which arises solely…
Troubles have been brewing at KTM for most of 2024, with the company’s financial problems well documented. The Austrian company has laid off a number of staff throughout the year, including many key executives, and only a few weeks ago set off alarm bells in the Swiss stock exchange when it forecast a loss for…
S&W Finalizes Voluntary Plan of Administration Process for Australian Subsidiary – Company Announcement Financial Times Read the original article here
TuSimple co-founder Xiaodi Hou has started a second autonomous trucking startup. But he is suing his former company, urging that TuSimple be liquidated and $450 million returned to shareholders, of whom he is the largest. Suits on 3 coasts In separate filings in courts in San Diego and Delaware, Hou claims his co-founder, Mo Chen,…
Highlights BGJC & Associates LLP have resigned as the Statutory Auditors of Punj Lloyd due to issues such as indirect receipt of financial statements and lack of responses to audit instructions. The National Company Law Tribunal in New Delhi ordered the liquidation of Punj Lloyd Ltd. on May 27, 2022, after the Committee of Creditors…
Corporate insolvencies in England and Wales fall in March Financial Times Read the original article here