The National Company Law Appellate Tribunal has directed the interim resolution professional of Sporta Technologies, which operates the fantasy sports platform Dream 11, not to take any steps towards insolvency and keep the company as a going concern. The appellate tribunal said it has already stayed the Corporate Insolvency Resolution Process (CIRP) of the company.Elevate…
Most of the restaurants have entered voluntary administration. Photo credit: Botswana Butchery Sydney / Facebook It’s getting tough for the hospitality industry, with Botswana Butchery restaurants across Australia having entered voluntary administration. The hospitality group operating the New Zealand-founded restaurants, Good Group Australia, will also be closing White + Wong’s Australian eateries. It comes as…
Since launching their first beers way back in 1989, Grand Ridge have seen off many challenges to have hit the local beer industry. Indeed, the regional Victorian brewery helmed by Eric Walters one of the original co-founders who took sole ownership of the business in 1997 is the state’s oldest independent operation by some distance.…
The future of a company that owns high-end steakhouse Botswana Butchery and Asian restaurant chain White & Wong is uncertain, after an external administrator was appointed. New Zealand company Good Group announced its restaurants in Sydney, Melbourne and Canberra were in voluntary administration. BDO Australia, appointed as administrators, said Botswana Butchery restaurants were tradings as…
A 35-year-old Moreton Bay based mechanical services company has crumbled under financial strain, entered into liquidation while owing $2 million to employees, the ATO and suppliers. Lawnton-based Venmist Air Pty Ltd and Venmist Pty Ltd recently announced it would go into voluntary liquidation, following a history of projects with an array of large and medium-sized…
A 35-year-old Moreton Bay based mechanical services company has crumbled under financial strain, entered into liquidation while owing $2 million to employees, the ATO and suppliers. Lawnton-based Venmist Air Pty Ltd and Venmist Pty Ltd recently announced it would go into voluntary liquidation, following a history of projects with an array of large and medium-sized…
A hospitality group operating popular New Zealand-founded restaurants Botswana Butchery and White + Wongs will close its Australian eateries. Hospitality business Good Group Australia was thrust into voluntary administration on March 31, impacting the Botswana Butchery chain and three other Asian restaurants across the Tasman. New Zealand operations at Good Group are not affected. The…
A 35-year-old Moreton Bay based mechanical services company has crumbled under financial strain, entered into liquidation while owing $2 million to employees, the ATO and suppliers. Lawnton-based Venmist Air Pty Ltd and Venmist Pty Ltd recently announced it would go into voluntary liquidation, following a history of projects with an array of large and medium-sized…
A fine dining restaurant chain that sold steak for as much as $500 a piece and spanned across three Australian states has gone bust. On Tuesday, hospitality business Good Group Australia, which operated the Botswana Butchery chain and three other Asian restaurants, plunged into administration. Botswana Butchery had high-end steakhouses in Sydney, Melbourne and Canberra…
A company involved in the construction sector collapsed with just $6 left in its bank account and now owes creditors more than $2 million. At the end of last year, NSW-based All Safe Lifting Equipment Pty Ltd appointed liquidators. The family business, which was run by father and son duo Stephen and Troy Sargent, provided…