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History: Muradel refocuses biofuel ventureAdelaide scientists on the cup of biofuel breakthroughA regional energy start-up, which attracted millions from the
Crikey readers discuss solutions to political advertising and what insolvency firms mean for our economic health. (Image: AAP/Darren England)Yesterday we
History: Muradel refocuses biofuel ventureAdelaide scientists on the cup of biofuel breakthroughA regional energy start-up, which attracted millions from the
Memphis Goodwill plans to open its first Midtown re-sale store, in the former Rite Aid building at 1810 Unionby Aug. 1.
Out of some miracle, the site on Union opened up,” said Tony Martini, president and chief executive of the nonprofit organization. “Weve been wanting to have a retail presence in Midtown a long, long time.I just couldnt have picked a better location for a site.
The red-brick building at the corner of Union and Idlewild will be a “fantastic store on Union, Martini said.
Goodwill has signed a long-term lease for 1810 Union, where Rite Aid pharmacy closed last fall. (Photo courtesy of Memphis Goodwill)
The nonprofit operates about 45 sites in Memphis and North Mississippi, most of them donation centers but also eight r…
A regional energy start-up, which attracted millions from the Federal Government and was supported by local and interstate universities in its quest to develop a new industry creating hundreds of jobs, has been placed in voluntary administration.
Whyalla-based Muradel, which described itself as an advanced bio-crude oil production company, is now under the control of BDOs Andrew Fielding and Nicholas Martin.
A spokeswoman for the administrators said the appointment was effective from April 3.
The business was not trading at the time of our appointment. BDO are exploring a sale of the companys assets and/or shares, she said.
In a new twist to the Reliance Communication (RCom) bankruptcy case, an appellate tribunal has said if insolvency proceedings are revived against the beleaguered telco firm, then Ericsson will have to pay back a large settlement amount it has received earlier.
This observation was made by a two-judge bench, headed by Justice SJ Mukhopadhaya, of the National Company Law Appellate Tribunal (NCLAT).
In February, the Anil Ambani-owned telco approached the NCLAT to withdraw the appeal it filed last year for a stay on an insolvency petition against the telco admitted by the National Company Law Tribunal (NCLT).
RCom had to shut down its mobile phone operation in 2017 and has a debt of 460 billion rupees (US$6.61 billion). While it managed earl…
Roy Hopkins writes: We already have reams of evidence to prove that political donations warp our democratic processes; and political advertising is no different. By all means let supporter…
More than 100 SA employees affected by the collapse of menswear chain Ed Harry will be paid their entitlements in full, but a far lower dividend is expected for unsecured creditors owed close to $12 million.
Following a clearance sale of stock across the country, administrator KPMG closed the doors to the final few stores in the Ed Harry network on March 24.
In its latest report to creditors KPMG confirmed that more than 500 staff including 114 in SA would be paid $2.8 million in entitlements following the likely liquidation of the company, while unsecured creditors were likely to recoup just 12c in the dollar.
With the company insolvent and no deed of company arrangement proposal put forward, creditors are expected to vote for the compan…
A regional energy start-up, which attracted millions from the Federal Government and was supported by local and interstate universities in its quest to develop a new industry creating hundreds of jobs, has been placed in voluntary administration.
Whyalla-based Muradel, which described itself as an advanced bio-crude oil production company, is now under the control of BDOs Andrew Fielding and Nicholas Martin.
A spokeswoman for the administrators said the appointment was effective from April 3.
The business was not trading at the time of our appointment. BDO are exploring a sale of the companys assets and/or shares, she said.
In a press briefing on Tuesday, the Independent Electoral Commission of SA (IEC) announced they had dismissed nearly all the objections they had received against the candidates nominated by political parties contesting this years elections.
Only one objection was upheld, which came from the PAC against its own candidate,Alton Mphethi, due to a criminal conviction, said IEC chairpersonMosotho Moepya.
This candidate was sentenced on 7 June 2016 to 18 months imprisonment without the option of a fine. This disqualifies him from holding elected office to the National Assembly or a provincial legislature. The commission dismissed all other objections for failing to meet the constitutional or statutory criteria.
Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, kindly note that the fourth meeting of CoC of Kwality Limited was convened and conducted as per the provisions of the Insolvency and Bankruptcy Code, 2016 (Code) on 8th April, 2019 at 03:00 PM at The Claridges, Viceroy Hall, 12 Dr. A P J Abdul Kalam Road, New Delhi – 110011 to discuss the following matters: 1. Voting results from the 3rd CoC meeting 2. Ratification items for the 4th CoC meeting 3. Update on Expression of Interests received from prospective resolution applicants 4. Updated status of financial claims and CoC Voting share
Kindly take note of the above and update on record in terms of Regulation 30 of th…
At the second meeting of creditors of Napoleon Perdis Cosmetics Pty Limited, creditors yesterday voted to support the Deed of Company Arrangement (DOCA) proposed by Henry Lee and Livia Wang of KUBA Investments Pty Ltd.
Wang has a strong retail and e-commerce background as the Managing Director of Access Brand Management, a company which represents businesses looking to do business in mainland China through daigou or other established channels.
Directors, Soula-Marie Perdis and Emanuel Perdis were at the meeting, giving creditors an opportunity to ask them any questions.
This result means that the company will avoid being placed into liquidation and shutdown. The administrators and KUBA will now need to complete some critical…
Im an American college student in my twenties, which means three things for certain.
One: I am helplessly addicted to my phone.
Two: I am embarrassingly bad at writing in cursive.
Three: I have watched entirely too much of The Office.
The Office is a great show, and like many other sitcoms, it has a way of getting at issues that are often hard to articulate.
In one of the best scenes, Michael Scott, in the wake of some financial troubles, announces to the office:I declare bankruptcy! When hes told that he cant just become bankrupt by saying hes bankrupt, Michael simply replies, I didnt say it. I declared it.
Of course, this doesnt make any sense. Bankruptcy is complicated. If he wanted to go bankrupt, …
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StepChange Scotland is calling for more work to be done to encourage people with money problems to seek help earlier
Nearly 700,000 people in Scotland have problem debts or are at risk of having them, a charity report has warned.
Debt advisory charity StepChange Scotland, which helped 30,000 people struggling with money issues last year, said council tax arrears were a problem for 46% of them.
Its Scotland in the Red report said the cost to the public purse was 750m.
The charity said those they helped had on average 12….
At the second meeting of creditors of Napoleon Perdis Cosmetics Pty Limited, creditors yesterday voted to support the Deed of Company Arrangement (DOCA) proposed by Henry Lee and Livia Wang of KUBA Investments Pty Ltd.
Wang has a strong retail and e-commerce background as the Managing Director of Access Brand Management, a company which represents businesses looking to do business in mainland China through daigou or other established channels.
Directors, Soula-Marie Perdis and Emanuel Perdis were at the meeting, giving creditors an opportunity to ask them any questions.
This result means that the company will avoid being placed into liquidation and shutdown. The administrators and KUBA will now need to complete some critical…
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