The going-out-business sales are in full swing at Toys R Us stores across the country. The iconic toy giant announced in March that it will shut or sell all of its 735 US stores after a 70-year run. Heres everything deal-seeking shoppers need to know: How long do I have to use my Toys R Us gift…
More than 500 workers in Sydney have had their jobs terminated after the collapse of Red Lea Chickens, which has been placed into voluntary administration after 60 years in business. Workers from the Blacktown processing plant and Sydney retail stores were told their jobs no longer existed in an email sent to them over…
A high-level panel on reviewing the Insolvency and Bankruptcy Code (IBC) has suggested widening the pool of those who can bid for insolvent companies. Earlier, the government had inserted Section 29 (A) to the Code, debarring related parties and connected persons of defaulting entities from bidding for a company. …
West of Sunshine. The Sydney Film Festival today announced the first batch of 26 titles which will premiere at this years event and an additional screening venue. Advertisement A selection of family films and Screenability, the platform for screen practitioners with disability,… Read the full article at: https://www.if.com.au/first-sydney-film-festival-titles-and-new-venue-announced/
Hundreds of employees at Red Lea Chickens are coming to grips with the possibility they will lose their jobs after the Australian chicken supplier was placed into voluntary administration. Red Lea Chickens was on March 29 placed into voluntary administration, with the company saying on its website its financial position means there’s “no alternative” but…
JSW Steel Ltd. has acquired a 26 percent stake in the India arm of Numetal Mauritius to facilitate its joint bid for Essar Steel Ltd., currently undergoing insolvency resolution. While the Mauritius-based holding company is the resolution applicant for Essar Steel, the resolution plan will be implemented through the India entity Nu Metal & Steel…
Teen-targetted US jewelery chain Claires has become the latest bricks-and-mortar retailer to file for bankruptcy, with FTI Consulting reportedly advising on restructuring of the group. The companys collapse comes just weeks after the collapses of toy store Toys R Us, which was said to have fallen prey to heightened online competition, paired with an unsustainable…
One of Australia’s biggest chicken suppliers has been placed into voluntary administration with hundreds of jobs likely to be lost. Red Lea Chickens was on March 29 placed into voluntary administration, with the company saying on its website its financial position means there’s “no alternative” but to wind-down operations. The message on Red Lea Chickens’…
The 14-member Insolvency Law Reforms Committee, which was established in December, 2017 has come out with a 106-page report recommending amendments to the Insolvency and Bankruptcy Code, 2016 (IBC). The Committee was chaired by Ministry of Corporate Affairs (MCA) Chairman, Injeti Srinivas with members from the legal fraternity as well, including Shardul Shroff of Shardul Amarchand…
Films are screening more often on streaming services, digital channels and pay TV. But with fewer art-house films getting cinema release, Nashen Moodley believes festivals are becoming a more important forum for non-mainstream work. “A really inspiring film about sexuality and acceptance”: Chloe Grace Moretz in The Miseducation of Cameron Post. Photo: Supplied “Although there’s a proliferation…