Corporate Insolvency Resolution Process (CIRP for short) against a corporate debtor may be initiated by a financial creditor under Section 7 of the Corporate Insolvency and Bankruptcy Code, 2016 (Code for Short) or by an operational creditor under Section 9 of the Code. Section 10 of the Code allows a corporate applicant to file an…
Small businesses will witness more action from the ATO over outstanding lodgements and debt collection as it targets the $50.2 billion in collectable debt owed by the sector, according to a specialist in business restructuring and corporate insolvency at PwC. Chris Sequeira said the ATO was adopting a stricter stance with tax debts after its…
Supie founder Sarah Balle. Photo: Maegan McDowell Photography / Supplied promotional image An online grocery business Supie went out of business this morning after being placed in voluntary administration by its owner. The Auckland-based grocer was placed into administration after a key investor stopped funding the business, leaving the business with about $3 million in…
Supplied Supie has gone into voluntary administration. Staff of an online supermarket that was started to create competition in the grocery sector have been told they will not be getting paid this week after company went into voluntary administration. Richard Nacey and Stephen White, of PwC New Zealand, were appointed administrators of Supie Limited on…
Related video: Founder Sarah Balle spoke with AM earlier in the year. Credits: AM Online supermarket Supie has gone into voluntary administration owing an estimated $3 million after one of its key investors pulled funding. Richard Nacey and Stephen White of PwC New Zealand were appointed voluntary administrators of Supie Limited, Workerly Limited and Bevie…
Online grocery business Supie has gone out of business after being placed in voluntary administration. The Auckland-based grocer was placed into administration by its sole director after a key investor stopped funding the business, which began as a start-up two-and-a-half years ago. PWC voluntary administrator Richard Nacey says the company, which employed 120 people, has…
Supplied Supie has gone into voluntary administration. An online supermarket that was started to create competition in the grocery sector has gone into voluntary administration. Richard Nacey and Stephen White, of PwC New Zealand, were appointed administrators of Supie Limited on Monday by the director and founder Sarah Balle. According to the National Business Review,…
Supie founder Sarah Balle. Online grocery startup Supie, which raised millions from investors to take on the big supermarket chains, has gone into voluntary administration. The business has approximately 120 staff. Voluntary administrator Richard Nacey said: The sole director Advertisement Advertise with NZME. Advertisement Advertise with NZME. Read the full article at: https://www.nzherald.co.nz/business/online-grocery-challenger-supie-goes-into-voluntary-liquidation/CZTMMJFO5RBCZFUKH7VKXUEZ6M/
AIMAN AMERUL MUNER/Stuff Kitchens Direct, on King St in Timaru, has been put into liquidation. A long-running Timaru kitchen business has been placed into liquidation, along with three other companies linked to it, but the man behind them says creditors and customers will be looked after. Kitchens Direct (NZ) Ltd, which traded as Kitchens Direct,…
Member Article Corporate Insolvencies Fall Not A Sign Of Improving Economic Conditions – R3 A sharp drop in the number of corporate insolvencies across England and Wales last month doesnt mean that things are going to get easier for North East businesses any time soon. Thats the view of the North East chair of insolvency…