Regional and remote high speed internet provider, South Western Wireless Communications Company (SWWCC) and an associated telecommunications hardware firm, Tups Company, have gone into voluntary administration. With offices in Sydney, Rockhampton and Emerald, South Western Wireless has made a name for itself building portable modular data centres that are used for wireless internet services in…
Given the fast pace of the media, and the businesses behind the news, TV and content you consume every day, nine.com.au brings you Red Ink your ears and eyes behind the big decisions, the gossip and spin. Each week we’ll unpack the manoeuvres behind the scenes of the dramatic moments of the media world. Gay…
A whole bunch of businesses linked to the company’s founder are in serious trouble. Last week, the founder of popular dessert chain Doughnut Time announced the business had run out money and as a result the vast majority of stores would close. In an apparent last-minute lifeline, the former CEO of the company offered to…
A Brisbane business owner who is owed $1 million is furious at the Queensland Building and Construction Commission (QBCC) for what he calls a lack of action and regulation. Stefan Styles operates one of Queensland’s largest shower screen and wardrobe companies, employing about 120 people. He said the industry was still recovering from a…
NEW DELHI: India is likely to tweak the Insolvency and Bankruptcy Code to create a mechanism to resolve cross-border insolvency cases using a reciprocal arrangement with other countries. The 14-member high level committee reviewing the Insolvency and Bankruptcy Code (IBC) is likely to suggest that India take a cue from countries including the US, the…
BOSTON, March 16, 2018 (GLOBE NEWSWIRE) — Winthrop Realty Liquidating Trust (the Company or Winthrop) which was formed to complete the liquidation of the assets previously held by Winthrop Realty Trust, announced today it has filed its Annual Report on Form 10-K for the year ended December 31, 2017. Liquidating Trust Unitholders are reminded that…
BOSTON, March 16, 2018 (GLOBE NEWSWIRE) — Winthrop Realty Liquidating Trust (the Company or Winthrop) which was formed to complete the liquidation of the assets previously held by Winthrop Realty Trust, announced today it has filed its Annual Report on Form 10-K for the year ended December 31, 2017. Liquidating Trust Unitholders are reminded that…
(Reuters) – Toy retailer Toys R Us Inc on Thursday asked the U.S. Bankruptcy Court for approval to stop paying all of its suppliers while it tries to line up buyers for its international business ahead of a planned liquidation of its U.S. operations. The iconic toy stores plan to liquidate inventory and shutter or…
The sale of Doughnut Time has been axed as founder Damian Griffiths has refused to sign over the trademark to former CEO and managing director, Dan Strachotta. As reported last week, Strachotta was planning to purchase the company and save the remaining stores. Advertisement According to ABC, the chain went into voluntary administration on Friday…
Two high profile cases are similarly poised under the still nascent Insolvency and Bankruptcy Code (IBC). In both cases of Binani Cement and Bhushan Power and Steel, there are legal cases in court on the process of bidding for these assets. In each case, a party is ready with a higher offer than the one…