A Bundaberg farming company has gone into liquidation while owing $16 million to creditors, in the latest financial scandal to hit the farming empire. The New South Wales Supreme Court issued a winding up order and appointed a liquidator for Bundaberg Farming Co Pty Ltd on March 6, 2024. Roberto Barbera, a member of the…
A Bundaberg farming company has gone into liquidation while owing $16 million to creditors, in the latest financial scandal to hit the farming empire. The New South Wales Supreme Court issued a winding up order and appointed a liquidator for Bundaberg Farming Co Pty Ltd on March 6, 2024. Roberto Barbera, a member of the…
SpiceJet (SG, Delhi International) is facing a fresh bid to have it declared insolvent after three special purpose vehicles (SPVs) controlled by lessor DAE Capital launched legal action at India’s National Company Law Tribunal (NCLT) last month. According to open-source NCLT records, AWAS 36698 Ireland Limited, AWAS 36695 Ireland Limited, and AWAS 36694 Ireland Limited…
Last week there was good news for struggling students and recent graduates saddled with sizeable student debts. The prime minister, Anthony Albanese, in an outing on FM Radio, acknowledged there was a range of areas where we need to do much better with the younger generation and Hecs [the Higher Education Contribution Scheme] is one…
A Bundaberg farming company has gone into liquidation while owing $16 million to creditors, in the latest financial scandal to hit the farming empire. The New South Wales Supreme Court issued a winding up order and appointed a liquidator for Bundaberg Farming Co Pty Ltd on March 6, 2024. Roberto Barbera, a member of the…
To be eligible to enjoy the BRR, the transferer should be a taxable person By Mahar Afzal/Compliance Corner Follow us on Published: Sun 21 Apr 2024, 5:46 PM Business restructuring relief (BRR) is provided to businesses to facilitate their smooth operation by treating them as a transfer of a going concern, without any change in…
The mechanism for providing debt relief to the worlds poorest countries is failing to deliver and requires a major rethink, a senior official at the World Bank has said. Indermit Gill, the banks chief economist, said that after four years the G20s common framework designed to speed up and simplify debt restructuring had not provided…