Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
One of Australia’s fastest-growing craft beer businesses has appointed administrators after its primary lender collapsed, placing pressure on operations across
The opinions expressed are those of the author(s) are as of the date indicated and may change based on market and other conditions. The accuracy of the content and its relevance to your client’s particular circumstances is not guaranteed.
This market commentary has been prepared for general informational purposes by the team, who are part of Macquarie Asset Management (MAM), the asset management business of Macquarie Group (Macquarie), and is not a product of the Macquarie Research Department. This market commentary reflects the views of the team and statements in it may differ from the views of others in MAM or of other Macquarie divisions or groups, including Macquarie Research. This…
The opinions expressed are those of the author(s) are as of the date indicated and may change based on market and other conditions. The accuracy of the content and its relevance to your client’s particular circumstances is not guaranteed.
This market commentary has been prepared for general informational purposes by the team, who are part of Macquarie Asset Management (MAM), the asset management business of Macquarie Group (Macquarie), and is not a product of the Macquarie Research Department. This market commentary reflects the views of the team and statements in it may differ from the views of others in MAM or of other Macquarie divisions or groups, including Macquarie Research. This…
The opinions expressed are those of the author(s) are as of the date indicated and may change based on market and other conditions. The accuracy of the content and its relevance to your client’s particular circumstances is not guaranteed.
This market commentary has been prepared for general informational purposes by the team, who are part of Macquarie Asset Management (MAM), the asset management business of Macquarie Group (Macquarie), and is not a product of the Macquarie Research Department. This market commentary reflects the views of the team and statements in it may differ from the views of others in MAM or of other Macquarie divisions or groups, including Macquarie Research. This…
The opinions expressed are those of the author(s) are as of the date indicated and may change based on market and other conditions. The accuracy of the content and its relevance to your client’s particular circumstances is not guaranteed.
This market commentary has been prepared for general informational purposes by the team, who are part of Macquarie Asset Management (MAM), the asset management business of Macquarie Group (Macquarie), and is not a product of the Macquarie Research Department. This market commentary reflects the views of the team and statements in it may differ from the views of others in MAM or of other Macquarie divisions or groups, including Macquarie Research. This…
In a significant development in the ongoing insolvency proceedings involving Supertech Ltd, the National Company Law Appellate Tribunal (NCLAT) has dismissed the plea filed by Ram Kishor Arora, the former promoter of the real estate firm, challenging the initiation of personal insolvency proceedings against him.
Earlier this year, the Delhi bench of the National Company Law Tribunal (NCLT) had directed the initiation of personal insolvency proceedings against Arora under Section 95(1) of the Insolvency and Bankruptcy Code (IBC), following a petition filed by the Industrial Finance Corporation of India (IFCI). The NCLT appointed an Interim Resolution Professional (IRP) to oversee the proceedings.
Fagioli, the Italian midfielder who is under investigation for his involvement in an illegal betting ring, sought financial help from friends and colleagues to launch a luxury watch business with Morata. His goal was to generate quick money to clear his gambling debts.
He said Morata got him Rolex watches at a much cheaper price so he could resell them, and the two have been doing this for a year, said one of Fagioli’s text messages, collected by authorities. Morata, Spain’s Euro 2024-winning captain, is not part of the ongoing investigation by the Milan Prosecutor’s Office, beIN SPORTS reported.
Alvaro Morata plays for Turkish club Galatasaray in 2025. Photo by Instagram/@alvaromorata
The Technical University of Kenya (TUK) is in a tough spot, grappling with a massive Ksh 12 billion debt. This financial turmoil has led to the university being officially declared insolvent by the Parliamentary Committee on Education and Administration.
The committee’s investigation into TUK’s current and past management has uncovered some concerning issues. Staff members, including lecturers, haven’t received their full salaries since 2013. This financial mismanagement dates back to when TUK gained full university status and a charter.
Benedict Mutua, TUK’s Deputy Vice Chancellor, revealed to the parliamentary committee that, “Since 2013, honestly, no TUK employee has received a full salary.”
The tribunal reaffirmed that agreements that are not suitably stamped or unstamped do not exclude a Section 7 application.
The National Company Law Tribunal (NCLT), Bengaluru Bench, ruled that insufficiently stamped agreement is not a bar to admission of petition filed under Section 7 of the IBC, 2016, read with Rule 4 of the Insolvency & Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor.
One of Australia’s fastest-growing craft beer businesses has appointed administrators after its primary lender collapsed, placing pressure on operations across three states.
Tasmania’s Fox Friday Craft Brewery, which began as a humble nano-brewery in Hobart’s northern suburb of Moonah, confirmed the move on Wednesday, described by founders Sarah and Benn Hooper as one made with “heavy hearts.”
“Unfortunately, we’ve faced significant financial challenges that have brought us to this point,” they said in a statement.
“While we understand that there will be some uncertainty as a result of this decision, we very much intend to come through the other side of this and we hope that Fox Friday and its subsidiaries will continue…
Image used for representation
| Photo Credit: The Hindu
An umbrella organisation of workers’ unions has sought action against all those involved in the corrupt liquidation of two paper mills in Assam, paving the way for one of India’s two major indigenous semiconductor plants.
Demanding an independent probe under judicial monitoring to uncover further instances of corruption linked to the liquidation, the organisation also called for the seizure of all movable and immovable assets connected to the case to ensure accountability.
The demands followed the decision of the Insolvency and Bankruptcy Board of India (IBBI) to suspend the…
