Australian electric vehicle (EV) charging equipment manufacturer Tritium, which had pivoted to the US market, has declared itself insolvent. Troubled Tritium, in a filing on April 18, 2024 with the US Securities and Exchange Commission (SEC), has called for an administrator to be appointed. On April 18, 2024, by resolutions of their boards, it was…
The company writes in a notification to the US Securities and Exchange Commission that Tritium DCFC and three of its Australian subsidiaries are insolvent or likely to become insolvent. Although Tritium was founded in Australia and still has its headquarters there, it has been listed on the Nasdaq in the USA since the beginning of…
Hyderabad: National Company Law Tribunal (NCLT) at Hyderabad on Thursday admitted a petition filed by SBI seeking personal insolvency resolution process (PIRP) against former Union minister and founder of Splendid Metal Products company Y Sujana Chowdary. The company took over 500 crore loan from the bank and defaulted on repayment.Following pleas for initiating a corporate…
Katie Price is said to have gifted her daughter a new horse despite being declared bankrupt for a second time. The former glamour model, 45, splashed out on a horse for Bunny as she encourages her daughter to ride, according to reports. Katie is known for her love of horses, having ridden since the age…
Hyderabad: The Hyderabad bench of the National Company Law Tribunal (NCLT) has given the green signal to initiate insolvency proceedings against BJP leader and former MP Sujana Chowdary. It issued an order to this effect on Thursday and appointed a bankruptcy resolution professional (resolution professional). The NCLT bench also barred Sujana Chowdary from alienating, transferring…
BENGALURU Australias corporate regulator said on April 18 that it expected the number of companies falling into insolvency to reach an 11-year high, with the construction and hospitality industries the worst hit, according to its latest insolvency data. In the nine months to March 31, 7,742 companies had entered administration, up 36.2 per cent from…
ASICs latest insolvency data for the nine-month period from 1 July 2023 to 31 March 2024, released today, shows an increase in the number of Australian companies failing. During the period, 7,742 companies entered external administration, a 36.2% increase on the previous corresponding nine-month period ending 31 March 2023. Out of these external administrations, construction…
The Manchester based company held a meeting with creditors last week and has appointed Fortis Insolvency partner and insolvency practitioner Daniel Taylor. Creditors have been told that they must submit claims to Fortis. Brooksdale was set up in 2019 and has nine staff, headed up by sole director, Zeeshan Chaudary. A second director, Mohammed Yusuf…
The Manchester based company held a meeting with creditors last week and has appointed Fortis Insolvency partner and insolvency practitioner Daniel Taylor. Creditors have been told that they must submit claims to Fortis. Brooksdale was set up in 2019 and has nine staff, headed up by sole director, Zeeshan Chaudary. A second director, Mohammed Yusuf…
Ricky Nixon could be flat broke by the end of the week Development comes after he was hit with new criminal charges Nixon is accused of selling fake footy merchandise By Ollie Lewis Published: 07:07 AEST, 17 April 2024 | Updated: 07:07 AEST, 17 April 2024 Former footy agent Ricky … Read the full article…