April 22, 2024

Major road construction company Allroads Pty Ltd collapses owing more than $80million – Daily Mail

BankruptcyBy Insolvency Advisory Accountants April 22, 2024

By Daily Mail Australia Reporter Published: 16:28 AEST, 22 April 2024 | Updated: 17:23 AEST, 22 April 2024 Major construction companies specialising in road building have collapsed, reportedly owing creditors more than $80million. Allroads Pty Ltd, a Brisbane-based civil constr… Read the full article at: https://www.dailymail.co.uk/news/money/article-13334977/allroads-80million-collapsed-administration.html

Fatally bashed man struggled with gambling addiction – Yahoo News Australia

GamblingBy Insolvency Advisory Accountants April 22, 2024

Stephen Staff spent five hours in the home of Matthew Davis after bashing the frail 31-year-old to death in an attempt to conceal the motive behind his killing, prosecutors allege. Staff is facing a murder trial which began in the NSW Supreme Court at Wollongong on Monday. The court heard Mr Davis suffered serious facial…

Barbera family firm collapses owing millions to staff, creditors – Bundaberg News Mail

LiquidationBy Insolvency Advisory Accountants April 22, 2024

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…

Barbera family firm collapses owing millions to staff, creditors – Bundaberg News Mail

LiquidationBy Insolvency Advisory Accountants April 22, 2024

Couple has over 2.65m in debt written off under insolvency agreement – Irish Examiner

BankruptcyBy Insolvency Advisory Accountants April 22, 2024

A personal insolvency arrangement (PIA) allowing a Co Meath couple to write off over 2.65m of debt owed to mainly financial funds has been approved by the High Court. Under the terms of the arrangement Thomas and Valerie Johnson will be able to retain their family home at Liscannor Lodge, Drumree Road, Dunshaughlin Co Meath.…

Barbera family firm collapses owing millions to staff, creditors – Bundaberg News Mail

LiquidationBy Insolvency Advisory Accountants April 22, 2024

NCLT admits IBHF's personal insolvency plea against ZEE's Subhash Chandra – Storyboard18

BankruptcyBy Insolvency Advisory Accountants April 22, 2024

The National Company Law Tribunal (NCLT) in Delhi on April 22 admitted Indiabulls Housing Finance’s (IBHF) personal insolvency plea against Zee Entertainment Enterprises Limited (ZEEL) chairman emeritus Subhash Chandra over guarantees given to a company called Vivek Infracon. The tribunal in Delhi also dismissed pleas by IDBI Trusteeship and Axis Bank against Chandra’s admission to…

Barbera family firm collapses owing millions to staff, creditors – Bundaberg News Mail

LiquidationBy Insolvency Advisory Accountants April 22, 2024

The language of insolvency: why getting it wrong can harm struggling firms – The Conversation

BankruptcyBy Insolvency Advisory Accountants April 22, 2024

Business failures are on the rise in Britain, with several high-profile names lost already this year. But since the 1980s, the UK has made it a priority to throw a lifeline to struggling companies. It appears, however, that these efforts to enhance the law are being hampered by sloppy language in the media, increasing the…

NCLT orders insolvency proceedings against Subhash Chandra – The Economic Times

LiquidationBy Insolvency Advisory Accountants April 22, 2024

The National Company Law Tribunal (NCLT) on Monday ordered insolvency proceedings against media baron Subhash Chandra on a plea filed by Indiabulls Housing Finance. A two-member Delhi bench of the NCLT directed initiation of the Corporate Insolvency Resolution Process (CIRP) against Zee Entertainment Enterprises Ltd (ZEEL) Chairman Emeritus Chandra, who was a guarantor for a…

Daily Archives: April 22, 2024