Category Archives: Liquidation

Midson Construction QLD goes into voluntary administration and appoints Melissa Caddick's liquidator – Daily Mail

EXCLUSIVE: High-profile construction company suddenly collapses – as Melissa Caddick link to the firm is revealed Midson Construction (Qld) goes into voluntary administration Jones Partners principal appointed voluntary liquidator Bruce Gleeson also liquidated Caddick’s companies By Kylie Stevens and Eliza Mcphee For Daily Mail Australia Published: 16:12 AEST, 2 June 2023 | Updated: 16:45 AEST,…

Phoenix rising: Update on illegal phoenixing legislation – Law Society Journal

The Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 (Cth) (the Act) came into force on 18 February 2020. The purpose of the Act is to: combat illegal phoenix activity; and improve the accountability of resigning directors. Three years since the Act came into force, we revisit the changes to see what impact they have…

Dairy-free yoghurt brand Coco Tribe follows Made by Cow into … – SmartCompany

Source: Coco Tribe A premium coconut yoghurt brand stocked in hundreds of grocery stores across the country has collapsed into voluntary administration.  Coco Tribe was founded in 2016 by entrepreneur Tedy Altree-Williams to provide dairy-free coconut-based yoghurt and ice-cream products.  Its brightly coloured range of six plant-based yoghurt flavours and eight ice cream varieties are…

Commentary On IBC Authored By Justice L.N. Rao And Adv. Avinash Formally Released By Justice R.F. Nariman – Live Law – Indian Legal News

A Book titled, Corporate Insolvency Resolution Process and Liquidation under the Insolvency and Bankruptcy Code, 2016, authored by Justice L. Nageswara Rao, Former Judge, Supreme Court of India and Mr. Avinash Krishnan Ravi, Advocate (Madras High Court) and published by Lexis Nexis, was formally released by Justice Rohinton F. Nariman, Former Judge, Supreme Court of…

Businesses yet to see the real impact of rising rates R3 | North … – Insider Media

Chris Ferguson Businesses from across the region could still be impacted by a number of recent economic headwinds, including rising interest rates, according to the North East chair of insolvency and restructuring trade body R3, despite a drop in the number of insolvency related activities.  The latest Insolvency Service statistics unveiled a month-on-month drop of…

New Appointment To Supreme Court And VCAT – Mirage News

VIC Premier The Victorian Government has appointed Judge Ted Woodward to the Supreme Court of Victoria, commencing 5 June 2023. Judge Woodward will also serve as President of the Victorian Civil and Administrative Tribunal (VCAT), with his five year term to start from 1 July 2023. He was appointed as a Judge of the County…

Treatment of Employees Provident Fund Dues under the IBC – India Corporate Law

Listen to this post In its recent judgment in State Bank of India vs Moser Baer Karamchari Union[1], the Apex court has reiterated the settled legal position of law pertaining to treatment of Employees provident fund, pension fund and gratuity Fund (EPF Dues) under the Insolvency and Bankruptcy Code, 2016 (Code). The primary reason for…

Curdled dreams: 'raw' milk startup Made By Cow ceases production … – Startup Daily

The global first of $5 a litre raw milk has not been the innovation goldmine the founders of diary tech startup Made by Cow had hoped, with the business placed in voluntary administration last week and closing its doors. The Sydney startup developed a patented method to treat milk so it was safe to drink…

Major building company collapses – news.com.au

A prominent residential building company in Western Australia has gone bust. On Monday, the Slatter Group WA Pty Ltd, trading as the Slatter Group, appointed liquidators to wind up the company. Samuel John Freeman and Clare Anne Baily of big four accounting firm Ernst & Young (EY) are the joint liquidators of the operation. The…

Real estate firms stuck in insolvency courts have a slower resolution rate, study shows – The Economic Times

Real estate comprises a significant portion – more than a fifth – of filed insolvency cases, although approved resolution plans total only 13%, a study by Grant Thornton Bharat showed.Out of 2,298 Corporate Insolvency Resolution Process (CIRP) cases under the Insolvency & Bankruptcy Code, 518 are related to real estate. Surprisingly, only 78 out of…