Aussie company collapses owing $140m – news.com.au

An Australian Covid-19 rapid testing company has collapsed into liquidation just three years after making international headlines for securing a multimillion-dollar deal with US health authorities. On Tuesday, the Australian division of Brisbane-based biotech Ellume went into liquidation. The floundering business had been in the hands of administrators since August last year. They were ultimately…

Lessors secure $15mn court win against India's SpiceJet – ch-aviation

SpiceJet (SG, Delhi International) Two aircraft lessors have secured a USD15 million summary judgement against SpiceJet (SG, Delhi International) and are expected to seek enforcement through India’s National Company Law Tribunal (NCLT). Reports also suggest another three legal cases are pending against the carrier in UK courts. As reported by India’s MoneyControl outlet, in a…

Thurrock council hid losses as it gambled millions on risky investments – The Guardian

Bankrupt Thurrock council recklessly gambled hundreds of millions of pounds on risky commercial investments while covering up evidence of its losses and attempting to silence critics, a devastating official review has concluded. The government-commissioned report published on Thursday said the Tory-run councils financial collapse in 2022 was the culmination of years of dysfunctional leadership characterised…

Republicans reveal debt forgiveness package to combat student … – WJXT News4JAX

Senate Republicans announced the Lowering Education Costs and Debt Act as their solution to address the student loan crisis, which comes days before the Supreme Court makes a decision on President Bidens Debt forgiveness plan. The debt forgiveness package aims to provide relief to more than 45 million Americans facing skyrocketing higher education costs. In…

Bittrex withdrawals set to resume after bankruptcy court gives green light – Cointelegraph

The court left the issue of the subordinacy of government claims open; Bittrex received multimillion-dollar credits from FinCEN and OFAC. News Join us on social networks Cryptocurrency trading platform Bittrex is expected to resume customer withdrawals on June 15 following an order from a judge in the United States Bankruptcy Court for the District of…