David Alexander A nearly five per cent increase in corporate insolvencies in the past year is likely to lead to a rise in personal insolvencies in the next six to 12 months, according to Gilson Gray. The latest figures from the Accountant in Bankruptcy (AiB) show there were 283 corporate insolvencies in July to September…
The deluge of corporate insolvencies that some had predicted would follow the Covid-19 pandemic has yet to materialise despite a steady rise in the number of business failures over the past year, according to insolvency experts. In a new report published on Wednesday, Interpath Advisory, the Dublin-based restructuring and corporate advisory firm founded last year…
Creditors with a “valid claim against the company” will meet with liquidators People and companies owed money by the Jersey Reds are meeting to see what assets the club still has after it ceased trading. The Championship-winning club went into liquidation in September after it was unable to pay its players and staff due to…
BBC Operations Pty Ltd trading as Blow Bar Co falls into liquidation Blow Bar insists ‘it’s business as usual’ and an ‘internal’ restructure By Eliza Mcphee For Daily Mail Australia Published: 17:37 AEDT, 25 October 2023 | Updated: 19:23 AEDT, 25 October 2023 EXCLUSIVE A pop… Read the full article at: https://www.dailymail.co.uk/news/article-12669443/Blow-Bar-Sydney-Bronte-Balmain-collapses-liquidation.html
When a real stat project is sent to the National Company Law Tribunal (NCLT) with an Interim Resolution Professional (IRP), numerous major issues for homeowners arise. The Insolvency and Bankruptcy Code (IBC) is extremely important in this procedure. When an application for initiation of corporate insolvency resolution is admitted against a real estate company/project (Corporate…
IndusInd International Holdings Ltd (IIHL), the investment arm of Hinduja group, cannot do away with employee stock option (Esop) and incentive schemes of Reliance General Insurance Co., as part of its resolution plan for the parent firm, Reliance Capital, according to law firm Khaitan & Co. A copy of the letter, which is in response…
Oct 23, 2023 6.42pm Scott Wilcox, the former director and shareholder of high-end residential builder Dome, says his former fellow directors chose to put the company into liquidation last week and turned down offers he made to keep the business going, including coming back to run it. In a LinkedIn post late on Monday, Mr…
Major national builder NPM has gone into voluntary administration with over 100 full-time employees terminated. The NPM Group, which stands for National Projects and Maintenance, was a commercial fit-out, construction, minor works and maintenance company behind 45,000 projects across six states and territories. It ceased operations yesterday. A commercial fit out by NPM Group at…
A popular Melbourne denim brand sold at major retailers has gone into liquidation. Nobody Denim went into liquidation on October 10 according to documents filed with the Australian Securities and Investments Commission. Shane Deane and Nicholas Giasoumi from Dye and Co have been appointed as liquidators. Looking for a new job or job candidate? Post…
By Eliza Mcphee For Daily Mail Australia Published: 14:02 AEDT, 18 October 2023 | Updated: 17:34 AEDT, 18 October 2023 Popular Australian clothing brand Nobody Denim has collapsed after racking up $3.6million in debt. The brand, known mostly for its range of jeans, entered volun… Read the full article at: https://www.dailymail.co.uk/news/article-12643067/Nobody-Denim-Iconic-goes-under.html