There have been four deaths for every revival case under the Insolvency and Bankruptcy Code (IBC) proceedings. And significantly for those four, which have headed for liquidation, the process continues without much progress and hardly any takers. Further, of the 1,858 cases taken up for resolution and finding a suitor for a revival plan, more…
A food supplier has gone into liquidation with the loss of 125 jobs after it was the subject of a listeria investigation that ultimately cleared it of being the source of the outbreak. The Food Standards Agency inquiry meant The Good Food Chain had to suspend production for weeks. The FSA this week said the…
June 28 (Reuters) – Struggling gold miner Avocet Mining Plc on Friday said its board has proposed voluntary liquidation of the company and that remaining cash be used to pay creditors. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Bernard Orr) Our Standards:The Thomson Reuters Trust Principles. Read the full article at: https://www.reuters.com/article/avocet-mining-liquidation/gold-miner-avocet-proposes-voluntary-liquidation-idUSL4N23Z1OZ
Loading The Australian Competition and Consumer Commission urged Justice Melissa Perry to award a penalty in the range of $2 to $2.5 million as a deterrent to this kind of breach, which could undermine the integrity of the Indigenous arts sector. Such conduct puts at risk an array of economic and social benefits which are…
An Australian business caught selling fake Aboriginal art has been fined $2.3 million dollars in a federal court ruling today, highlighting a thriving black-market that exploits and expropriates Indigenous culture. Brisbane company Birubi Art was found to have breached Australian consumer law and to have misled its customers by promoting products as genuine Aboriginal art…
Loading The Australian Competition and Consumer Commission urged Justice Melissa Perry to award a penalty in the range of $2 to $2.5 million as a deterrent to this kind of breach, which could undermine the integrity of the Indigenous arts sector. Such conduct puts at risk an array of economic and social benefits which are…
We refer to the provisions of Regulation 30 (Schedule III, Part A, Clause A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and wish to inform you that the First meeting of the Committee of Creditors (CoC) of Neueon Towers Limited (the “Company”) under the provisions of the…
A SOUTHEAST Queensland building company has been placed in liquidation after an application to the Supreme Court by WorkCover and hardware giant Bunnings. Vincents Chartered Accountants director Nick Combis was appointed liquidator of ATSBuild, based in Toowoomba, on June 20. Mr Combis is yet to lodge any official reports with the Australian Securities and Investments…
A TOOWOOMBA building company has been placed in liquidation after an application to the Supreme Court by WorkCover and hardware giant Bunnings. Vincents Chartered Accountants director Nick Combis was appointed liquidator of the business on June 20. Mr Combis is yet to lodge any official reports with the Australian Securities and Investments Commission. WorkCover began…
A FARMING empire patriarch has responded to claims he and the company he was a director of traded while insolvent for 11 months. Giatano (Guy) Barbera has vigorously disputed the allegations in papers lodged in the District Court this month in which he has asked for a judge only trial. Mr Barbera and his company…