PRESS RELEASE Published July 3, 2023 The global corporate insolvency services market stands at US$ 12.1 billion in 2022 and is anticipated to progress rapidly at a CAGR of 5.4% to reach a market valuation of US$ 20.5 billion by 2032-end. Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Corporate Insolvency Services market. The…
Zee Entertainment and IndusInd Bank on Monday announced that all the due payments have been settled between the two entities, as per media reports. The National Company Law Appellate Tribunal (NCLAT) has disposed of the appeal. The two companies had informed NCLAT that they have reached a settlement in relation to their payment dispute, paving…
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. KordaMentha has been appointed to oversee the sale and recapitalisation of the group’s mining and processing assets, which include zinc, copper, lead,…
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…
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…
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 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…
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…
: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,…
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…