Insolvency Guardian Media Centre
The company owes millions of dollars to disties and unpaid superannuation to Mwave employees.
Esel sold Mwave to DigiDirect Group, prior to the company going under, and one distributor requested new administrators during the first creditors meeting, according to new documents.
CRN Australia has obtained a copy of minutes of the meeting held by ASIC on June 25 that show the DigiDirect Group purchased the company for more than $1 million, taking on employee entitlements.
The administrators noted that some superannuation continues to remain outstanding to employees, but investigations are continuing…
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Key Takeaways
- MicroStrategy holds 3% of all bitcoin, financed by $7.2 billion in debt.
- Analysts warn a price drop could force asset sales, risking a market cascade larger than Mt. Gox or 3AC.
- Critics say such centralization threatens bitcoin’s decentralized ethos and raises systemic risk.
MicroStrategy, the largest corporate holder of bitcoin, is drawing warnings from analysts over the risk its $71 billion position poses to the broader market.
Current holdings
The company currently holds 597,325 BTC, representing approximately 3% of bitcoin’s total supply.
This massive holding has been financed through $7.2 billion in convertible debt since 2020, with an average purchase price of around $70,982 per…
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Stepdad Kicks Teen Out After They Refuse to Give Him Their Money for Gambling AOL.com
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A three-member NCLAT bench gave a go-ahead to the Kolkata Bench of the National Company Law Tribunal (NCLT) to decide on the approval of bids for Hindusthan National Glass Industries in accordance with the directions passed by the Supreme Court.
“The adjudicating authority (NCLT) may proceed to hear and decide the plan approval application, as per the directions of Supreme Court dated May 16, 2025,” NCLAT said.
Over the resolution professional, the National Company Law Appellate Tribunal…
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Trying to service multiple debts can feel like standing behind a cooktop in a short-staffed kitchen – you’re always just one mistake from the whole thing boiling over.
Following years of the cost-of-living crisis post-COVID-19, many Australians now find themselves tied to personal debts such as car loans, credit card bills, and HECS/HELP fees as they try to pay off larger debts, like their mortgage.
At the same time, plenty of small and medium-sized enterprises (SMEs) are feeling the heat, with outgoing obligations hindering cash flows and their ability to invest.
Against this backdrop, debt consolidation is one lever borrowers can lean on to simplify finances and, in some cases, reduce repayments by securing a favourable rate.
Last…
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The insolvency appellate tribunal NCLAT has set aside NCLT‘s direction to change the resolution professional of debt-ridden Hindusthan National Glass Industries (HNG) and asked it to take a decision on the bids as per the Supreme Court‘s directions.
A three-member NCLAT bench gave a go-ahead to the Kolkata Bench of the National Company Law Tribunal (NCLT) to decide on the approval of bids for Hindusthan National Glass Industries in accordance with the directions passed by the Supreme Court.
“The adjudicating authority (NCLT) may proceed to hear and decide the plan approval application, as per the directions of Supreme Court dated May 16, 2025,” NCLAT…
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.
This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2. Choose “App Settings” from the menu
3. Turn on the option “Links Open Externally” (This will use…
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Coalition confirms it won’t follow Labor’s plan to wipe student debt if elected 9News
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The Insolvency and Bankruptcy Board of India (IBBI) has made it mandatory for the resolution professionals (RPs) to formally inform the committee of creditors (CoC) about any fraudulent or avoidance transactions carried out by a company prior to its bankruptcy. The amendments are aimed at improving the transparency, and the treatment of “avoidance transactions” in the corporate insolvency resolution process (CIRP), IBBI circular said.
Under the amended rules, the RP will have to include the details of the “identified avoidance transactions or fraudulent or wrong trading” in the information memorandum, which is essentially a comprehensive document giving details about the corporate debtor undergoing CIRP.
Till recently, the…
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IBBI Notifies Amendments To Simplify Corporate Insolvency Procedures MSN
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Student loan borrowers navigate new landscape as options dwindle under Trump The Hill