Encompass Community Services appoints voluntary administrators … – Bay 93.9

Cheandre Llewellyn / 13 January 2023 Encompass Community Services – which is going into voluntary administration has released a statement on Friday afternoon. The Geelong-based disability services organisation was previously tipped to move into administration by the end of this week with concerns about hundreds of job losses. It’s understood genU had been in discussions…

IBC valuations may spike with proceeds of avoidable transactions – Law.asia

Insolvency and Bankruptcy Board of India (IBBI) data shows that, as of September 2022, creditors had realised INR2.43 trillion (USD 29.97 billion) of the INR7.19 trillion claimed through the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (code). Creditors have, therefore, taken an average haircut of 69 per cent. Clearly, the…

Disability services provider enters administration – bay 93.9 Geelong – Bay 93.9

Rob McLennan / 12 January 2023 Geelong-based disability services organisation Encompass will move into administration by the end of the week, sparking fears for the livelihoods of hundreds of casual and full time employees. Encompass, which operates homes for people with disabilities across a number of Geelong sites and provides a range of NDIS support…

Chris Bowen optimistic over solar project despite company entering voluntary administration – Sky News Australia

Climate Change and Energy Minister Chris Bowen remains optimistic over the Sun Cable solar project despite the company entering voluntary administration. Plans to build the worlds largest solar farm in the Northern Territory could be scrapped after a fallout between the Sun Cables billionaire investors. Read the full article at: https://www.skynews.com.au/australia-news/politics/chris-bowen-optimistic-over-solar-project-despite-company-entering-voluntary-administration/video/e55ad170d87e8d7bad278e1f9f4675de

Sun Cable enters administration, billionaire investor ‘fully backs’ solar company – 9News

Sun Cable, the company proposing a multi-billion-dollar solar power export project, has entered voluntary administration. The company, which boasts high-profile investors including billionaires Mike Cannon-Brookes and Andrew “Twiggy” Forrest, said it had made the “difficult decision” to enter administration but has appointed new voluntary administrators. “The administrators intend to work with the company’s management team…

Sun Cable enters voluntary administration pv magazine International – pv magazine International

Sun Cable, the developer of the worlds largest solar and battery project, has entered voluntary administration. It is still unclear what this will mean for its hallmark project, the Australia-Asia PowerLink. January 11, 2023 Bella Peacock Image: Australia-Asia PowerLink From pv magazine Australia Australian renewables startup Sun Cable has entered voluntary administration after what it…

NT government downplays Sun Cable’s voluntary administration as list of troubled major projects grows – ABC News

The Northern Territory government is downplaying concerns about the future of the$30 billion Sun Cable project, after the collapse of the company behind what would be the world’s largest solar farm. Key points: The Sun Cable project would see power from a massive solar farm near Tennant Creek exported to Singapore The company says funding…