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Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations),
Global food delivery business Foodora has sent its Australian business into voluntary administration ahead of its exit from the country.
The move comes just a fortnight after the business announced it was quitting the Australian market by August 20, claiming at the time that the business was solvent.
The business today appointed Simon Cathro and Ivan Glavas of Worrells Solvency and Forensic Accountants as Voluntary Administrators, effective immediately.
The move comes three days before the business was due to terminate its agreements with delivery riders.
Today, in a statement Worrells said: While Foodoras intention was to wind down its affairs in Australia in an orderly fashion and with the support of its p…
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we hereby inform that: Mr. Anil Kohli, Insolvency Professional (Registration No. IBBI/IPA-001/IP-P00112/2017-18/10219) has been appointed as the Resolution Professional (RP) in place of Mr. Devendra Singh for conducting Corporate Insolvency Resolution Process of Moser Baer India Limited for the remaining period in terms of the Order dated August 10, 2018 of the Honble National Company Law Tribunal, New Delhi (Copy of Order attached)
IN a sliding doors moment, Nathan Tinklers former right-hand man, Troy Palmer, has been declared bankrupt with debts of more than $21 million, just as word emerges that his former one-time billionaire boss has had his personal bankruptcy annulled.
The Herald can reveal that retail giant Gerry Harvey has bailed Mr Tinkler out for a second time, loaning him more money late last year.
Mr Harvey who famously loaned Mr Tinkler $50 million, and got it back confirmed on Friday that he had loaned him more money, but said he had no idea what Nathan has done with it.
Property searches reveal Mr Harveys company, MSJG Pty Ltd, has taken mortgages over five rural properties, near Port Macquarie, owned by Serene Lodge Investments, a company run by Mr T…
IN a sliding doors moment, Nathan Tinklers former right-hand man, Troy Palmer, has been declared bankrupt with debts of more than $21 million, just as word emerges that his former one-time billionaire boss has had his personal bankruptcy annulled.
The Herald can reveal that retail giant Gerry Harvey has bailed Mr Tinkler out for a second time, loaning him more money late last year.
Mr Harvey who famously loaned Mr Tinkler $50 million, and got it back confirmed on Friday that he had loaned him more money, but said he had no idea what Nathan has done with it.
Property searches reveal Mr Harveys company, MSJG Pty Ltd, has taken mortgages over five rural properties, near Port Macquarie, owned by Serene Lodge Investments, a company run by Mr T…
IN a sliding doors moment, Nathan Tinklers former right-hand man, Troy Palmer, has been declared bankrupt with debts of more than $21 million, just as word emerges that his former one-time billionaire boss has had his personal bankruptcy annulled.
The Herald can reveal that retail giant Gerry Harvey has bailed the former mine electrician from Muswellbrook out for a second time, loaning him more money late last year.
Mr Harvey who famously loaned Mr Tinkler $50 million, and got it back confirmed on Friday that he had loaned him more money, but said he had no idea what Nathan has done with it.
Property searches reveal Mr Harveys company, MSJG Pty Ltd, has taken mortgages over five rural properties, near Port Macquarie, owned by Serene Lodge…
UP TO eight interested parties are negotiating with the liquidator of Ballina caravan manufacturer Kimberley Kampers over the sale of the business.
Liquidator SV Partners announced it was accepting expressions of interest up until the close of business on Friday “following which they expect to be working more closely with the parties who submitted the top two or three offers”.
It’s understood at least one formal offer to acquire the company has been lodged by a US-led investor group which believes the Kimberley products have a promising future in the massive North American RV market.
SV Partners is also preparing for an auction through Grays Online in “coming weeks”, and says most items will be offered without a r…
A $2.4 MILLION debt has thrust the future of one of Bundaberg’s oldest hotels into uncertainty.
Formerly trading as the Grand Hotel Bundaberg, Tomik Pty Ltd was ordered to be wound up by the Federal Court earlier this month after the Australian Taxation Office made an application for it to be put into liquidation in April.
The company owes more than $1.2 million to the ATO.
Appointed as liquidator by the court on August 3, Bradley Vincent Hellen, of Pilot Partners, said Tomik’s insolvency woes stemmed from its sizeable tax debt.
“This company has been around for a long time and I don’t think they’ll necessarily be closing,” Mr Hellen told the NewsMail.
“My understanding is the hostel is still operatin…
IN a sliding doors moment, Nathan Tinklers former right-hand man, Troy Palmer, has been declared bankrupt with debts of more than $21 million, just as word emerges that his former one-time billionaire boss has had his personal bankruptcy annulled.
The Herald can reveal that retail giant Gerry Harvey has bailed Mr Tinkler out for a second time, loaning him more money late last year.
Mr Harvey who famously loaned Mr Tinkler $50 million, and got it back confirmed on Friday that he had loaned him more money, but said he had no idea what Nathan has done with it.
Property searches reveal Mr Harveys company, MSJG Pty Ltd, has taken mortgages over five rural properties, near Port Macquarie, owned by Serene Lodge Investments, a company run by Mr T…
Contrary to the old saying; when it comes to financial education less will never be more.
As a society, our expectations of what constitutes an acceptable standard of living for our children has risen exponentially. In fact, in the last 10 years child-rearing costs have gone up by 45 per cent, while our household incomes have only risen by about 23 per cent. Also, in a recent study, we can now expect to pay out $297,600 per child, from birth to the age of 17, in Australia.
When we plan to start a family, we look through rose-coloured glasses dreaming of a beautiful home, exotic holidays every year and lot of time off from working, however, were often not thinking five to 10 years down the track and how well be supporting this new lifestyl…
Another 15 investors have sued former White Plains real estate developer Michael DAlessio, claiming he misrepresented his finances on bankruptcy forms, including gambling debts, in diverting $2.8 million from projects they were financing.
DAlessio used his companies to carry out a massive fraud on numerous investors, the bankruptcy court complaint, filed on Aug. 13, stated. He allegedly used false information to solicit investments and then used the money to enrich himself or pay other investors in order to perpetuate a fraud.
Numerous lawsuits have been filed in the past year against DAlessio, alleging fraud and misappropriation of funds in several failed real estate projects. In April, …
Steinhoff International Holdings N.V. : UPDATE ON PROGRESS OF FINANCIAL RESTRUCTURING
The issuer is solely responsible for the content of this announcement. UPDATE ON PROGRESS OF FINANCIAL RESTRUCTURING
Steinhoff International Holdings N.V. (the “Company” and with its subsidiaries, the “Group”)
INTRODUCTION
In accordance with the Company’s reporting obligations under paragraph (e) of clause 20 of the lock-up agreement between the Company, Steinhoff Europe AG (“SEAG”), Steinhoff Finance Holding GmbH (“SFH”) and Stripes US Holding Incorporated (“SUSHI”) and certain creditors dated 11 July 2018 (the “LUA”), please see below the first monthly update on progress in connection with the corporate and capital restructur…
