The Parks townhouses in Red Hill was one of the projects affected by PBS Building going into voluntary administration. Photo: Ian Bushnell. Collapsed building company PBS Building could be forced to liquate four of its five companies as part of recommendations from its administrators. Earlier this year, RSM Australia Partners were appointed voluntary administrators of…
The National Company Law Tribunal (NCLT), New Delhi Bench, comprising of Shri Mahendra Khandelwal (Judicial Member) and Shri Rahul Bhatnagar (Technical Member), while adjudicating a petition filed in Chirag Jain & Ors. v Imperia Structures Ltd., has initiated Corporate Insolvency Resolution Process (CIRP) against Imperia Structures Ltd., which launched a real estate project named Imperia…
Sep 4, 2023 6.39pm Rich Lister Tony Denny says demands that his business pay eight-figure sums to fix unsubstantiated defects in an apartment building on the NSW Central Coast were the reasons behind the decision to put two companies associated with the project into liquidation. Central Construct, the building company that completed Vue a development…
By Kim Berry | 30 August 2023 ASX listed Halo Food Co has gone into voluntary administration 18 months after buying health and wellness company, The Healthy Mummy, for $17 million dollars. Halo sold THM to healthcare platform Mosh for $588,540 on 10 August. Halo Foods other brands are functional beverage brand Tonik, milk powder…
Sydney construction firm Simone Homes collapses owing millions to tradies and homeowners By Kylie Stevens For Daily Mail Australia Updated: 10:17 AEST, 1 September 2023 Another building company has gone bust, leaving dozens of devastated tradesmen unpaid and customers without a comp… Read the full article at: https://www.dailymail.co.uk/news/article-12468147/Sydney-construction-firm-Simone-Homes-collapses-owing-millions-tradies-homeowners.html
The court’s decision regarding the insolvency of Rasna came in the case of Bharat Road Carrier Pvt Ltd vs Rasna Pvt Ltd, in which the former had filed an application regarding the initiation of the corporate insolvency resolution process under Section 9 of the Insolvency & Bankruptcy Code, 2016. The court said that the IRP…
The average time taken for resolution or liquidation of bad loans facing corporate insolvency resolution process (CIRP) has increased to a three-year high for all stakeholders in the first quarter of the current fiscal, says a India Ratings and Research report. The timelines for the resolution of cases under CIRP or Insolvency and Bankruptcy Code…
Street Talk Aug 31, 2023 5.00am While the attention has been firmly on GenesisCares up-for-sale operations in the United States, some lenders are beginning to toy with the idea of a voluntary administration for the cancer services providers local operations. GenesisCare is the largest operator of cancer care clinics in the country. Michele Mossop It is…
Member Article Struggling North East Business Owners Advised To ‘Look For Help’ After Highest Quarterly Corporate Insolvency Figures Since 2009 The owners of struggling North East businesses are being urged to look for whatever help they need to resolve their financial challenges in the light of new figures showing the highest quarterly rate of corporate…
Non-alcoholic wine and spirit purveyor Sans Drinks has survived a near-death experience to become an object lesson in the benefits of voluntary administration, according to insolvency specialist Jirsch Sutherland. The business, begun in 2020 by Nourished Life founder Irene Falcone, got off to a dream start with booming online demand for its non-alcoholic beverages, Jirsch…