Medical Weightloss Institute enters voluntary administration after being named in the 2016 Shonky Awards – SmartCompany.com.au

A medical institute that was included in this years Shonky Awards has entered voluntary administration. However, the business is continuing to trade while administrators seek potential buyers. GTC Medical, trading as the Medical Weightloss Institute (MWI) is a Sydney-based medical business that has previously attracted complaints to both healthcare and consumer protection bodies. On Thursday,…

IBBI notifies norms for liquidation process – Economic Times

NEW DELHI: The Insolvency and Bankruptcy Board of India (IBBI) today notified regulations for liquidation process whereby an insolvency professional is barred from acting as a liquidator unless that individual is independent of the corporate debtor concerned. The regulations come into force with immediate effect. IBBI, set up under the Insolvency and Bankruptcy Code, seeks…

Pioneering chemical company goes into liquidation just before … – Stuff.co.nz

Robert Steven Pacific T & R’s plant at Miro St, Taupo. A large Taupo employer has gone into liquidation weeks before Christmas, with all employees losing their jobs. Pacific T&R opened its Miro St  plant in February 2015.  It employed 44 people. The privately-owned company was breaking new ground; extracting rosin from pine tree stumps, which are…

ASIC reports on corporate insolvencies – LeapRate

ASIC today published its annual overview of corporate insolvencies based on statutory reports lodged by external administrators for the 201516 financial year. Report 507 Insolvency statistics: External administrators reports (July 2015 to June 2016) is ASICs eighth report and provides information on the nature of corporate insolvencies, supplementing the monthly statistics that ASIC publishes on…

Fire Security Services goes into liquidation – Manawatu Standard

About 50 workers at Fire prevention equipment company Fire Security Services have lost their jobs. Fire security equipment and services company Fire Security Services has gone into liquidation with the loss of about 50 jobs.  The company, established in 1976, sold and serviced fire protection products such as sprinkler systems, fire alarms, portable fire equipment.…