Category Archives: Liquidation

S.220 IBC | Prima Facie Disciplinary Committee Can Consist Only Of Whole Time Members: Bombay High Court… – Live Law – Indian Legal News

The Bombay High Court has stayed the suspension of registration of Insolvency Professional (IP) Kairav Anil Trivedi, who is accused of misrepresentation and entering into unauthorised agreement in a Corporate Insolvency Resolution Process (CIRP). A division bench of Justice BP Colabawalla and Justice MM Sathaye observed that prima facie, the order against Trivedi was passed…

Jobs slashed as miner Aurora enters administration – The West Australian

Jacob ShteymanAAP More than 150 workers have lost their jobs and a further 45 employees are at risk after Queensland miner Aurora Metals entered voluntary administration following an unsuccessful public offering and plummeting zinc price. Liquidator KordaMentha has been appointed to oversee the sale and recapitalisation of the groups mining and processing assets, which include…

In voluntary administration, what's next for :Different? – Real Estate Business

Following the sharing of the difficult news by the proptechs leadership team yesterday afternoon, REB can now reveal the next steps for the company. After the revelation that :Different had entered into voluntary administration, appointing KPMG as administrators, the leadership team has been reported as working closely with KPMG and keeping on a team to…

Companies register activities: 2022 to 2023 – GOV.UK

Companies House Published 29 June 2023 Contents 1. Other statistics in this release 2. Main points 3. Impact of coronavirus (COVID-19) measures on the register 4. Changes in the companies register 5. Historic changes in register size 6. Age of companies on the register 7. Types of corporate body on the register 8. Overseas companies…

Sad day as :Different goes into voluntary administration – Elite Agent

Australian PropTech company :Different has gone into voluntary administration, with KPMG set to sell the platforms assets and intellectual property. In a note to staff, :Different Co-founders Mina Radhakrishnan and Ruwin Perera said despite working hard to secure the additional funding needed to complete building and scaling the platform, they had been unable to secure…

Proptech startup :Different goes into voluntary administration – SmartCompany

:Different co-founders Mina Radhakrishnan and Ruwin Perera. Source: Supplied. Proptech startup :Different has entered into voluntary administration after failing to secure adequate funds to continue running the business. Documents listed by the Australian Securities and Investments Commission (ASIC) on Thursday show Amanda Coneyworth and James Stewart from KPMG have been appointed administrators of the company,…

Energy crisis and inflation push more German firms into insolvency … – Reuters

June 29 (Reuters) – The number of German firms pushed into insolvency rose in the first half of this year at the fastest pace in more than two decades due to the energy crisis, inflation and rising interest rates, a study by credit agency Creditreform showed on Thursday. There were 8,400 corporate insolvencies in Germany…

PROPOSED CHANGES ON THE ROLE OF AUTHORIZED … – Tax Management India. Com

Authorized Representative Section 21(6) and (6A) of the Insolvency and Bankruptcy Board of India Code, 2016 (Code for short) provides for the appointment of authorized representative by the Financial Creditors within a given class to represent them to participate in the meeting of Committee of Creditors and vote on behalf of the Financial Creditors.  For…

Adelaide wheelie bin maker rolls into administration – InDaily

The jobs of around 160 workers are uncertain after an Adelaide plastics manufacturer and supplier of wheelie bins to councils entered voluntary administration after 30 years of trading. Bins made by Trident Plastics on Adelaide streets. Photo: City of Charles Sturt. St Clair-based Trident Plastics cited manufacturing and supply chain challenges, the impact of COVID-19…

Founder of 'shelf company' Bioelektra Australia 'duped' Shoalhaven council, NSW Parliament told – ABC News

New South Wales Parliament has been told the founder of a collapsed Australian waste operator came from “nowhere” to “dubiously dupe” a council into a contract worth millions of dollars. Key points: Kiama MP Gareth Ward has used parliamentary privilege to accuse Bioelektra Australia and its founder of ripping off Shoalhaven council The waste operator was placed…