The sprawling business in Penrith, which includes a cafe, bar and restaurant, first opened two years ago.

Dubbed “Western Sydney’s most memorable venue”, the site has been the backdrop for many weddings and special events.

However, “a period of challenging market conditions” has been blamed for its struggles.

Graeme Beattie of Worrells was appointed administrator on Monday by the company directors.

He said rising operational costs, changing consumer behaviour, and reduced discretionary spending contributed to an unsustainable financial position.

“I am presently undertaking an urgent financial analysis of the…

CAMBRIDGE, Mass. and ROSTOCK, Germany and BERLIN, March 12, 2025 (GLOBE NEWSWIRE) — Centogene N.V. (OTC: CNTGF) (“CENTOGENE” or the “Company”) today announced it has closed its transaction to sell its operating subsidiaries to an affiliate of Charme Capital Partners Limited (“Charme”).

As announced on November 13, 2024, the Company had entered into definitive agreements with Charme for the sale of 100% ownership in Centogene GmbH, CENTOGENE’s sole operating subsidiary, certain intercompany receivables, and assumption of the Company’s loan granted by Oxford Finance LLC (the “Transaction”).

On December 4, 2024, the Company held an Extraordinary General Meeting (“EGM”) in connection with the Transaction, where…

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In addition to Northvolt AB, the subsidiaries Northvolt Ett AB, Northvolt Labs AB, Northvolt Revolt AB and Northvolt Systems AB also filed for bankruptcy in Sweden, the company announced. These are the operating company of the Swedish cell factory Northvolt Ett, the research centre, the recycling subsidiary and the company for the production of battery modules and packs.

“Despite pursuing all available options to negotiate and implement a financial restructuring, including a Chapter 11 restructuring process in the United States, and despite liquidity support from our lenders and key counterparties, the company was unable to secure the necessary financial conditions to continue in its current form,” the company writes in its…

Disgruntled investors in collapsed cobalt miner Jervois Global have called for an emergency shareholder meeting after an American court rejected attempts to derail a bankruptcy deal that would leave them empty-handed.

A court in Texas last week denied a request by two minor shareholders in the ASX-listed company to prevent a voluntary administration agreement that would erase hundreds of millions of dollars of investor capital.

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Pope Francis may be hospitalized and U.S. President Donald Trump may be wreaking havoc on foreign aid, but one of the Catholic Church’s leading crusaders for debt cancellation believes those factors are all the more reason to double down on efforts to alleviate poverty during Jubilee 2025. 

“The reality is that Pope Francis and the Catholic Church have already laid out the focus for the Jubilee Year on debt relief and economic relief to deal with poverty and climate issues,” said Eric LeCompte, executive director of Jubilee USA Network, an alliance of faith-based development and debt-relief advocacy organizations.

The Old Testament tradition of jubilee years as a time of forgiveness — both of sins and of debt —…

A whistleblower has alleged that accounting firm Earns & Young (EY) had manipulated edtech firm BYJU’s CIRP process.

However, the most alarming revelation by the whistleblower is how a legitimate settlement was deliberately derailed to keep Byju’s in insolvency. 

The whistleblower said that EY deliberately delayed BYJU’s CIRP process behind the scenes.

EY did not disclose that it had already worked for BYJU’s for two years, the whistleblower alleged.  

As per the rule, companies that have already done work in IBBI’s process are kept out of the process.

The whistleblower claims that EY and Glass Trust deliberately delayed the CIRP process, which led to the formation of the Committee of Creditors.

When Zee Business tried to contact…