[SINGAPORE] Frasers Centrepoint Trust has filed a S$2.6 million claim against mm2 Asia, said the entertainment group on Monday (Oct 27), after it guaranteed lease obligations of its now-closed cinema unit at Causeway Point. The claim arises from a deed of guarantee signed by mm2 Asia in December last year in favour of HSBC Institutional…
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The Bombay High Court has quashed an order passed by the District Consumer Dispute Redressal Commission, Akola, and subsequent recovery proceedings against Srei Equipment Finance Limited, holding them to be in contravention of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was filed by Srei Equipment Finance Limited, which was undergoing the Corporate Insolvency…
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South Australian company, Spring Gully Foods, has ceased trading and appointed an administrator, citing the loss of key contracts, rising costs, and competition from cheaper imports as reasons behind its closure. The company is known for its range of sauces, relishes, pickled onions and gherkins and has been operating for almost 80 years. It employed…
The collapsed developer behind the infamous Sirius building has potentially conducted over $10 million in uncommercial transactions and traded while insolvent for seven years, according to liquidator documents. JDH Capital, run by former Macquarie banker Jean-Dominique Huynh, was wound up in July after the company failed to repay millions of dollars to the family of…
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