He said unfortunately the staff have been let go, with some still assisting the liquidator in the realisation process.

Gair said he hoped that a sale would enable staff to be re-employed.

Milk Kitchen was contracted to manufacture a range of drinks for both the domestic and international markets, including juices, Ultra-High Temperature (UHT) and flavoured milks, plant-based milks, oat milk, protein drinks and pet milk.

The first liquidator’s report explained why the company ceased trading.

“Pre-Covid-19, the company invested significantly to cater for expansion of a pet milk export opportunity into China. Owing to the pandemic, demand for this trade fell away,” the report said.

“Since then, the…

The federal government’s plan to cut 20% off Hecs/Help has been met with some ludicrous claims about fairness that has to make you wonder if people have only just discovered the tax system is designed by governments that make choices about who benefits.

On Friday the latest corporate tax transparency figures were released and showed that, for example, Qantas paid no tax in 2022-23. Not a shock – it didn’t pay any in 2021-22, or 2020-21, or 2019-20. It did pay tax in 2018-19 so I guess it’s all good. And sure, we all know air travel had it brutally hard during the pandemic, but just how long will those losses be carried over to avoid having a taxable income?

And what about AGL Energy, which paid no tax this year or last year?…

Forward AM has been serving the entire value chain of additive manufacturing since it was founded as part of BASF. Consulting, simulation of prototypes, final processing and component testing are just as much a part of the services as the development of materials, for which Forward AM is best known. The comprehensive material portfolio includes filaments, powders and photopolymers, which have gained the trust of well-known companies and have been used for various impressive use cases. The list of companies that work with Forward AM materials is long. HP 3D Printing, Weerg, Nexa3D, Creality 3D and Axtra3D are just a few of them, highlighting Forward AM’s relevance in the 3D printing market.

Where the company is today is the result of a…

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Reference #18.7c58d617.1732574613.9473081

https://errors.edgesuite.net/18.7c58d617.1732574613.9473081

It’s just before lunchtime and the dairy next to the Maketū Pies factory is bustling.

Some clutch paper packets containing flaky, golden pastry wrapped around a piping-hot filling.

Maketū Pies has been a fixture of the tiny coastal Bay of Plenty town since 1982 and is considered a major employer, but its future is in jeopardy again.

The business that owns the brand, Maketū Foods Ltd, was placed into voluntary solvent liquidation last week.

Residents of Maketū — population 1311 in the 2023 Census — worry the brand will be lost and dozens of pie-makers will be out of a job.

It’s not the first time the town has faced the possibility.

They hope a buyer will save the day, as happened when Te Arawa Management Ltd bought the national pie…

LONGMONT, Colo., Nov. 25, 2024 /PRNewswire/ — S&W Seed Company (Nasdaq: SANW) today announced it has finalized the voluntary plan of administration (“VA”) process for its subsidiary, S&W Seed Company Australia Pty Ltd (“S&W Australia”).

“As a result of the VA process being completed, on a go forward basis S&W is exclusively focused on its core U.S.-based operations led by our high margin Double Team sorghum solutions as well as our biofuels joint venture with Shell,” commented S&W Seed Company’s CEO, Mark Herrmann.

As previously reported, S&W Australia adopted a voluntary administration process on July 24, 2024, and on October 11, 2024 creditors of S&W Australia approved…

U.S. support for Ukraine has taken center stage as the country grapples with the effects of the protracted conflict against Russia. Recent discussions surrounding plans for debt relief have arisen, igniting debates among lawmakers and leaders about the future of American financial commitments to Ukraine.

On the forefront of these discussions was U.S. Senator Katie Britt (R-Ala.), who this week voted to block the Biden administration’s proposal to partially forgive Ukraine’s debt, which amounted to $4.65 billion, representing 50% of the economic assistance Ukraine owes to the United States. Britt voiced her concerns loudly, noting such forgiveness would unjustly place the financial burden on American taxpayers.

The Supreme Court has dismissed GTL Limited‘s appeal against the National Company Law Appellate Tribunal‘s order, which remanded the matter back to the National Company Law Tribunal for fresh consideration of all facts.

Earlier, The NCLT dismissed the petition filed by Canara Bank for initiation of the Corporate Insolvency…

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Reference #18.7c58d617.1732562304.9145e4f

https://errors.edgesuite.net/18.7c58d617.1732562304.9145e4f

Raheja Developers, a prominent real estate company based in Gurugram, India, has been facing insolvency proceedings in recent times. The National Company Law Tribunal (NCLT) initiated these proceedings in response to complaints filed by over 40 flat buyers who alleged delays in the delivery of their units at the Raheja Shilas project in Sector 109, Gurugram.

The buyers claimed that they had made significant payments towards their units but had not received possession within the stipulated timelines, which were originally set between 2012 and 2014. The NCLT found that Raheja Developers had a “debt due and default” against these flat buyers and ordered the initiation of Corporate Insolvency Resolution Proceedings (CIRP)….

Notes

[I] World Health Organization, “Coronavirus Disease (COVID-19) Pandemic,” https://www.who.int/europe/emergencies/situations/covid-19.

[II] Alicia Wallace, “High Inflation Is Finally Letting up, but It’s Weighed Heavily on Many Americans | CNN Business,” CNN, December 27, 2023, https://www.cnn.com/2023/12/27/economy/inflation-2023-impacts-americans/index.html.

[III] Jennifer Ludden, “Housing Is Now Unaffordable for a Record Half of All U.S. Renters, Study Finds,” NPR, January 25, 2024, sec. National, https://www.npr.org/2024/01/25/1225957874/housing-unaffordable-for-record-half-all-u-s-renters-study-finds.

[IV] Juhohn Lee, “Why American Wages Haven’t Grown despite Increases in Productivity,” CNBC, July…