Illawarra based family operator Ross Transport has issued a plea to the industry to ensure no more longstanding operators are forced to shut doors in the wake of Ron Crouch Transport entering voluntary administration. After hearing of the news, Ross Transport took to Facebook to share its thoughts. The operator has been proudly family owned…
The National Company Law Tribunal (NCLT) at New Delhi has recently held that a Residents Welfare Association that is not authorised by individual homebuyers cannot initiate a corporate insolvency process on their behalf, particularly when those homebuyers do not individually meet the minimum debt threshold under the Insolvency and Bankruptcy Code. A coram of Judicial…
The High Court has issued a show-cause notice asking why the Bangladesh Bank’s decision to liquidate nine non-bank financial institutions (NBFIs) should not be considered illegal. A High Court bench led by Justice Ahmed Sohel issued the order today (11 December) during a hearing on an application filed on behalf of Peoples Leasing, which is…
REVEALED: Latest business liquidations in Monash Herald Sun Read the original article here
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Keppel Corporation Streamlines Operations with Subsidiary Liquidation TipRanks Read the original article here
One of Australia’s largest wide format printers, Melbourne-based Billboard Media, has been placed into voluntary administration. Richard Albarran and John Vouris from Hall Chadwick were appointed as joint administrators on Monday 8 December. In a notice posted by the Australian Securities & Investments Commission (ASIC), Jordan Developments Pty Ltd as trustee for Shreeve Family Trust…
‘Without trucks, Australia stops’: Outcry after major trucking company goes bust Sky News Australia Read the original article here
Insolvency in the Cayman Islands – Setting aside antecedent transactions Lexology Read the original article here
Unpaid taxes, fines, growing debt: Inside Melbourne builder collapse Gold Coast Bulletin Read the original article here