Australian technology and media company Tapit Media, which aimed to complete the connection between digital content providers, brands and consumers through their mobile devices, has been placed into voluntary administration. Administrators are seeking a buyer for some or all of the assets of the business or a saviour to recapitalise. Tapit was launched in 2011…
Reshmi Khurana June 28, 2017 00:02 IST Updated: June 27, 2017 22:59 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device = ‘mobile’; break;…
As the Australian Securities and Investment Commission (ASIC) reportedly embarks on an investigation of failed local music streaming start-up, Guvera, the collapse of the company has left a handful of tech players out of pocket by hundreds of thousands of dollars. The music streaming company was placed into liquidation on 28 April after a failed tilt…
As the Australian Securities and Investment Commission (ASIC) reportedly embarks on an investigation of failed local music streaming start-up, Guvera, the collapse of the company has left a handful of tech players out of pocket by hundreds of thousands of dollars. The music streaming company was placed into liquidation on 28 April after a failed tilt…
A plastics recycling company has blamed South Australia’s soaring electricity prices for its closure, with the loss of 35 jobs. Plastic Granulating Services has gone into liquidation after its electricity bills soared from $80,000 a month to $180,000 a month over the past year and a half. Managing director Stephen Scherer says the price hikes…
South Australia’s sky-high electricity prices have forced an Adelaide plastics recycling business to shut its doors, costing 35 workers their jobs, its managing director says. Plastics Granulating Services (PGS), based in Kilburn in Adelaide’s inner-north, said it had seen its monthly power bills increase from $80,000 to $180,000 over the past 18 months. Managing…
Facts Background Supreme Court decision Facts A Spanish company developed a building in Valencia. In 2005 it sold one of the flats in the building to an individual. In 2009 the developer registered the deed of dissolution with the Companies Registry. After the company was dissolved, the individual found defects in the flat’s flooring. She…
The RBI has reportedly asked banks to make steep increases in the provisioning for bad loans that are referred to bankruptcy courts. This might appear tough: the banks will have to find something like an additional Rs50,000 crore this year and a like amount next year, at a time when they, for the most part,…
Banks, which were earlier reluctant to even acknowledge bad loans, in the aftermath of the RBIs stricter non-performing asset (NPA) recognition norms, have started provisioning for them. However, there has been little clarity on the recovery or resolution of the NPAs. To speed up the recovery, the government recently introduced the Insolvency and Bankruptcy Code…
Crossroads Capital Announces Results of Special Meeting & Conversion to Liquidating Trust Friday, June 23, 2017 8:07 PM UTC LINCOLN, Neb., June 23, 2017 — Crossroads Capital, Inc. (the Company) announced the results of its reconvened special meeting held on June 23, 2017. The Companys special meeting of stockholders was convened on June 2, 2017. …