NCLT Delhi Rejects Cine Corp Filmdom’s Resolution Plan For Stargaze Entertainment, Orders Liquidation

The National Company Law Tribunal (NCLT), Delhi, has ordered liquidation of Stargaze Entertainment Pvt. Ltd., a cinema exhibition company, after rejecting a resolution plan. The Tribunal held that the Corporate Insolvency Resolution Process (CIRP) was itself vitiated because the Resolution Professional failed to take control of the company’s assets. The bench of Judicial Member Ashok…

Sydney fashion label Suboo crashes into liquidation with more than $650,000 in reported debts

A star-loved Australian fashion label has entered liquidation, with documents reportedly showing hundreds of thousands of dollars in liabilities. Suboo Pty Ltd was placed into creditors’ voluntary liquidation on October 1, with Worrells’ Christopher Damien Darin appointed to oversee the company’s affairs. The appointment was formally recorded in an ASIC notice published the following day.…

Aussie label to the stars Suboo collapses into liquidation

Celebrity-favourite Australian fashion label Suboo has entered liquidation after 14 years. ASIC records show Suboo Pty Ltd was wound up following a members’ meeting on October 1, with Christopher Damien Darin appointed liquidator. Suboo runway show at Sydney Fashion Festival in 2013. Dallas Kilponen The Bondi-founded womenswear brand told nine.com.au it had considered continuing trading before…

Bespoke refrigeration specialist shuts down after almost six decades

Weald Refrigeration has ceased trading after almost six decades, with restructuring specialists Opus Restructuring appointed to oversee the company’s voluntary liquidation. The East Sussex manufacturer was known for producing made-to-measure refrigeration equipment, including bottle coolers, wine coolers, freezers and refrigerated drawers. Over its long history, Weald developed a customer base spanning bar designers, catering equipment…