Seven West-backed video service Crowdspark, formerly New Zulu, has gone into liquidation following a strategic review by the companys management. The ASX-listed user-generated content management company promised to make everyone with a smartphone a potential journalist and at one stage was endorsed by Pauline Hanson. Crowd Spark was founded as New Zulu in 2012 ADVERTISEMENT Since…
Stating that an insolvent company cannot place a bid for another insolvent company, as many as nine associations of Jaypee homebuyers representing about 5,000 people, have opposed Jaiprakash Associates (JAL) proposal to reacquire Jaypee Infratech Ltd (JIL). The counsel for homebuyers argued before the Supreme Court on July 17 that JAL does not have the financial…
Workers and students alike have been left in the lurch after a Delacombe-based training provider went into liquidation late last week. Journey Management in Delacombe was locked on Monday morning. Picture: Luka Kuazlaric Staff at Journey Management in Kennedys Drive, Delacombe were informed the company had ceased to trade at close of business on Friday, July…
UPDATE 1.50pm: The state governments education and training department spokeswoman Katie Elliott said Journey Management Group had entered into liquidation and ceased training. The department will be in contact with all Victorian Government-funded students explaining their options for further training, she said. This is a difficult time for students and we will help them complete their…
UPDATE 1.50pm: The state governments education and training department spokeswoman Katie Elliott said Journey Management Group had entered into liquidation and ceased training. The department will be in contact with all Victorian Government-funded students explaining their options for further training, she said. This is a difficult time for students and we will help them complete their…
Vehicle training company collapses, leaving workers and students in lurch Journey Management Group’s Bendigo Skills Training Centre on Monday morning. Picture: NONI HYETT Journey Management Group’s Bendigo Skills Training Centre on Monday morning. Picture: NONI HYETT Journey Management Group’s Bendigo Skills Training Centre on Monday morning. Picture: NONI HYETT Journey Management Group’s Bendigo Skills Training…
A company bidding for a stressed asset in the same sector in which it is operating will now have to get the Competition Commission of India’s (CCI’s) approval ahead of finalisation of bids during insolvency process, sources said. This is a part of the latest round of amendments proposed by the government in the Insolvency…
By PTI NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) today asked the resolution professional (RP) of Jaypee Infratech to submit details on the progress of the insolvency resolution process of the debt-ridden firm. A two-member bench of the appellate tribunal, headed by Chairman Justice S J Mukhopadhaya, has asked the RP to list…
Graeme Boyd Motorcycles goes into liquidation NEWCASTLE motorcycling identity Graeme Boyd says market conditions are to blame for the liquidation of the business he has run under his own name for more than 20 years. Mr Boyd, who has also been an enthusiastic promoter of moto-cross events in the Hunter over the years, said that if there…
Under the Insolvency and Bankruptcy Code, the CoC and resolution professional have to complete the corporate insolvency resolution process in 180 days. This can be extended for another 90 days by the NCLT, failing which the stressed firm goes for liquidation. “The entire period staring from April 19, 2018 to the final disposal of the…