Subhash Chandra-promoted Essel Group‘s Shirpur Gold Refinery Limited (SGRL) has been admitted for corporate insolvency resolution.Empower Your Corporate Journey with Strategic Skill Courses Offering College Course Website Indian School of Business ISB Chief Digital Officer VISIT IIM Lucknow Chief Operations Officer Programme VISIT IIM Lucknow Chief Executive Officer Programme VISIT Indian School of Business ISB…
Data from the Australian Financial Security Authority (AFSA) has found a significant rise in personal insolvencies for the March 2024 quarter. According to the report, there has been a 19.5% increase compared to the same period last year. Unsurprisingly, economic challenges have been contributing to this rise, including cost of living pressures. However, a large…
The Federal Court’s recent decision in Stone (Liquidator), in the matter of RIC Admin Pty Ltd (in liq) v Mandalinic (No 2) [2024] FCA 164 demonstrates the analysis the courts will undertake in determining a director’s personal liability for insolvent trading, even when the director does not appear for the hearing. The case reiterates how…
By Stephen Johnson, Economics Reporter For Daily Mail Australia Published: 17:56 AEST, 24 June 2024 | Updated: 13:02 AEST, 25 June 2024 A major home building company has collapsed just 18 months after it was fined more than $40,000 for underpayi… Read the full article at: https://www.dailymail.co.uk/news/money/article-13561889/Designer-Projects-Victoria-Pty-Melbourne-home-building-company-liquidated-fined-underpaying-worker.html
Shopping for baby and children’s furniture should be a special time for families, but one brand has left a trail of parents angry and out of pocket. Mum Sarah Wallace ordered three beds from online children’s furniture retailer Incy Interiors in November last year. But $2500 and seven months down the track, she’s yet to…
The debts of a collapsed group of NSW businesses have blown out to almost $23 million, while other subsidiaries have quietly gone under in recent weeks. News.com.au reported in April that a western Sydney factory had closed down and all workers had been terminated on the spot. It comes after two companies linked to the…
RetireAustralia says it is committed to completing the 42 independent living apartments at Tarragal Glen Retirement Village at Erina despite the building company entering into voluntary administration. Stevens Construction (NSW) Pty Ltd, a major Central Coast company, announced on May 27 it had entered voluntary administration after almost two decades in the construction industry. Described…
The move follows failed efforts at Intersolar to find an investor or buyer. The manufacturer of micro inverters filed for insolvency right at the end of the trade fair. June 25, 2024 Jochen Siemer From pv magazine Germany Taking part as an exhibitor at the Intersolar Europe trade fair last week at the start of…
A recent court case has demonstrated to trustees the withdrawal and transfer of superannuation benefits prior to declaring bankruptcy will not protect those assets from creditors claims even if they remain within the retirement savings system, according to an SMSF technical specialist. Heffron head of education and content Lyn Formica noted this outcome had occurred…
A growing number of councils in England have declared bankruptcy since 2018, most recently Nottingham, Woking, Thurrock and Birmingham. With the situation in the devolved nations of the UK looking similarly precarious, the question of quite what has happened to local government finances in the UK is an urgent one. A council cannot, technically, go…