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Powys property management company enters liquidation

Documents lodged on the UK Government’s Companies House website on Christmas Eve show that the process of liquidating the joint venture between Powys County Council and Kier construction is now underway and will take a year to finish. HOWPS conducted repairs and maintenance on Powys’ housing stock – 5,400 homes and 630 other properties including…

ATO pursues legacy debts of small businesses

Many businesses are scrambling to keep debt collectors at bay, as the ATO begins chasing down money owed following the pandemic. The ATO and other creditors currently pose the greatest ‘threat’ to cash-strapped small and medium-sized businesses, says Insolvency Australia, which has just released its latest Corporate Insolvency Index. It comes as a popular West…

Application U/S 95(1) Of IBC Against Personal Guarantor Not Maintainable In Absence Of CIRP Proceedings Against Corporate Debtor: NCLT Kolkata

The National Company Law Tribunal (NCLT) Kolkata bench comprising Justice Bidisha Banerjee (Judicial Member) and Shri Balraj Joshi (Technical Member) has held that an application under Section 95(1) of the Insolvency and Bankruptcy Code (IBC) for initiating insolvency proceedings against a personal guarantor is not maintainable before the NCLT if no Corporate Insolvency Resolution Process…

Under-Pressure Bensons Vows to Deliver 1300 Apartments

Property developer Bensons Property Group says it will complete its $1.5-billion development pipeline across three Australian states despite entering voluntary administration. The company is reportedly managing of more than 1300 apartments. Craig Shepard and Sebastian Ham of KordaMentha have been appointed as administrators, while Keith Crawford and Matthew Caddy of McGrath Nicol will oversee operations…