Anthony Cummings — the son horse racing legend, Bart — reportedly owes more than $2 million and has had his training business placed into liquidation.
The Cummings name is synonymous with horse racing in Australia, with the late Bart Cummings training a staggering 12 Melbourne Cup winners and now has a race named after him at Flemington to go with his statue.
Anthony’s son, James Cummings, is also a very successful trainer. He runs the Godolphin stables in Australia and has a Cox Plate to his name, as well as a Blue Diamond, a Golden Rose and a swag of other prestigious races.
Know the news with the 7NEWS app: Download today 
However, a liquidator’s report (by insolvency business DW Advisory) has been submitted to the Australian…
Read the original article here
SolarZero customers likely stuck in lengthy contracts after liquidation Stuff
Read the original article here
“I don’t believe any of that applies. I acted in good faith at all times,” Cummings said on Thursday.
“The reality is the biggest debts owed by the training company were to me, my wife and my thoroughbred company. That’s a matter of fact. I’ve had discussions with the majority of people involved and there is no issue there.”
Cummings is continuing to train dozens of horses at Randwick and hopes to re-form a partnership with his other son, Edward, who previously operated at Hawkesbury, under the 38-year-old’s company Myrtle House.
James Cummings has carved out a formidable record after getting his start training with grandfather Bart.Credit: Eddie Jim
Edward Cummings has already transferred his horses in work to his…
Read the original article here
NEW DELHI: SpiceJet on Thursday said aircraft lessor Aircastle has withdrawn the insolvency case against the airline following a “mutually agreed upon settlement”. Last month, SpiceJet announced the resolution of a $23.39 million dispute with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Ltd.
“Aircastle (Ireland) Designated Activity Company has withdrawn its insolvency case against SpiceJet before the National Company Law Tribunal (NCLT). This follows a mutually agreed-upon settlement, marking a positive turn in the airline’s efforts to rebuild and strengthen ties with its partners,” the airline said in a statement.
The settlement was reached for an aggregate sum of $5 million, alongside…
Read the original article here
SpiceJet on Thursday said aircraft lessor Aircastle has withdrawn the insolvency case against the airline following a “mutually agreed upon settlement”.
Last month, SpiceJet announced the resolution of a $23.39 million dispute with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Ltd.
“Aircastle (Ireland) Designated Activity Company has withdrawn its insolvency case against SpiceJet before the National Company Law Tribunal (NCLT). This follows a mutually agreed-upon settlement, marking a positive turn in the airline’s efforts to rebuild and strengthen ties with its partners,” the airline said in a statement.
The settlement was reached for an aggregate sum of $5 million, alongside an…
Read the original article here
Aircraft lessor Aircastle withdraws insolvency case against airline: SpiceJet Deccan Herald
Read the original article here
Read the original article here
3,602 civil servants declared bankrupt since 2020 New Straits Times
Read the original article here
Fairlie building companies owe creditors more than $2.4m The Press
Read the original article here
Leicester City‘s shirt sponsor has reportedly had its licence revoked by a court just days after the Premier League club opted not to switch sponsor despite the company’s declaration of bankruptcy.
Online sports betting, casino and crypto trading platform BC.GAME signed a two-year deal with the…
Read the original article here
Infosys previously had plans to sell the e-commerce firm in 2019 but had it declassified as “held for sale.” The software company instead opted to repurpose the firm’s business as they didn’t expect a sale to materialise in the expected time period.
Together, these assets amounted to Rs 2,060 crore (or $316 million), and liabilities amounted to Rs 324 crore ($50 million).
The company had initially acquired the firm for $120, along with Israeli firm Panaya, in 2015. This reclassification reportedly impacted their margin by $12 million.
Their operating margin had fallen 40 basis points due to additional depreciation and amortisation following this reclassification.
There was a recognised reduction of Rs 451 crore in the carrying value for…
Read the original article here
Forward AM enters insolvency proceedings, working toward long-term restructuring solution Powder Injection Moulding International
