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NEW DELHI: Adani Power Ltd. (APL) on Tuesday announced successfully completing the acquisition and resolution plan implementation of Vidarbha Industries
A Christchurch construction company has gone into liquidation, leaving behind significant debt and limited assets. Select Building Limited, which operated
Christchurch residential construction company Select Building has gone into liquidation with a total estimated shortfall to creditors of $329,500. That
Companies affected include XIT Distribution and Dicker Data.
Esel, the ex-parent company to reseller Mwave, reportedly owes more than $15 million to several major Australian distributors following the company filing for voluntary administration last month.
Those distributors allegedly owed money include, Dicker Data, Ingram Micro, XIM, Leader, Synnex, MMT, and Centercom.
CRN Australia understands some of those distributors are owed sums of up to $4 million.
On June 25, ASIC held the first meeting for creditors of the company where the specific amounts were revealed to the creditors.
Insolvency specialist Begbies Traynor saw annual profits almost double after a spate of larger, higher-value business failures.
The group, which achieved its 10th consecutive year of growth, reported pre-tax profits jumped from £5.8million to £11.5million in the year ending April, while its adjusted earnings before nasties rose by 11 per cent to £31.7million.
Its turnover increased by 12 per cent to £153.7million after organic revenues climbed by 10 per cent, thanks to strong performances across both divisions.
NEW DELHI: Adani Power Ltd. (APL) on Tuesday announced successfully completing the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for a total consideration of ₹4,000 crore. VIPL operates a 2×300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC).
The company, in a press note said that on June 18, 2025, the Mumbai Bench of the National Company Law Tribunal (NCLT) approved Adani Power’s resolution plan, which was subsequently implemented on July 7, 2025. With this acquisition, APL’s total operational capacity rises to 18,150 MW. The company is…
A Christchurch construction company has gone into liquidation, leaving behind significant debt and limited assets.
Select Building Limited, which operated in Canterbury, was placed into liquidation on 3 July by special shareholder resolution. Brenton Hunt of Insolvency Matters Limited has been appointed liquidator.
According to the initial report, the company ceased trading in July 2025 and is insolvent, with estimated debts totalling over $329,000. This includes $210,000 owed to Inland Revenue and staff as preferential creditors, and another $150,000 to unsecured creditors.
The report shows that the company’s remaining assets are minimal. Two vehicles, both under finance, and a small amount of plant and equipment are to be sold….
After many failed attempts in the past, Base Corporation Limited (in Liquidation), a company previously involved in the manufacturing of lead-acid batteries, is once again set to undergo a joint e-auction for the sale of its assets. The e-auction, which will be conducted on 4th August 2025, will offer the company’s assets on an “AS IS WHERE IS,” “AS IS WHAT IS,” “WHATEVER THERE IS,” and “WITHOUT RECOURSE BASIS”.
Prospective bidders can participate through the online e-auction platform, https://baanknet.com/.
Key Assets on Offer and Important Dates:
The sale notice details three main groups/lots of assets:
Base Corporation Ltd (CD) as a Going Concern (UNIT-SOLAN): This lot includes the Corporate…
Christchurch residential construction company Select Building has gone into liquidation with a total estimated shortfall to creditors of $329,500.
That includes about $200,000 owed to Inland Revenue (IRD), which has started legal recovery action, while $10,000 in staff wages and holiday pay is in arrears.
Select Building’s demise follows a long line of building firms folding under business challenges.
The company was placed in liquidation on July 3 with Insolvency Matters’ Brenton Hunt appointed the liquidator.
In his first liquidators’ report released on July 8, the house construction business operating in Canterbury was found to be insolvent.
The Companies Register records Stephen Brett as the sole shareholder and…
“The untimely softer coal price environment, coinciding with the resumption of the Dartbrook underground mine, has necessitated a top-up to existing finance facilities to provide additional working capital,” Australian Pacific Coal executive director John Robinson told the Newcastle Herald in April.
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A Queenstown property developer whose company owes creditors more than $7 million says recent liquidations have no bearing on his commercial and apartment development projects at Jacks Point.
Formcrete Construction ceased trading in February.
Liquidators Jared Booth and Tony Maginness, of Baker Tilly Staples Rodway Auckland, were told it was because of trading losses and cash-flow difficulties caused by cost overruns.
The company was incorporated in January 2014 and its shareholders were trustees of the Franklin Business Trust and property director Dean Franklin who was the sole director.
Mr Franklin’s developments in Queenstown’s commercial heart include Clubhouse Lane, Village Works Quarters, Village Works Lofts, Hotel Tewa…
