Adani Power Ltd. has received approval for its resolution plan to acquire insolvent Lanco Amarkantak Power Ltd. The committee of creditors of Lanco Amarkantak, which is undergoing a corporate insolvency resolution process, has approved the resolution plan, an exchange filing said on Tuesday. On March 4, the Adani Group company received a letter of intent…
The Insolvency and Bankruptcy Code (IBC) has emerged as a pivotal tool in India’s quest to bolster its attractiveness to global investors. By streamlining the process of resolving insolvency cases, the IBC not only facilitates the efficient allocation of capital but also instils confidence in investors regarding the robustness of India’s legal and regulatory framework.The…
Rork Projects construction company collapses Director blamed higher interest rates for woes Co-owned by SBS Indigenous TV presenter READ MORE: Why rundown homes are selling By Stephen Johnson, Economics Reporter For Daily Mail Australia Published: 10:41 AEDT, 4 March 2024 | Updated: 21:16 AEDT, 4 March 2024
SAD STORY Perth craft brewery goes into voluntary administration By Simon Collins The sun has set on another Australian craft brewery, with Subiacos Golden West Brewing Co. having poured its last beer. The brewer originally founded by five school mates as Modular Brewing in a former garage in Leederville opened the 400-capacity western suburbs brewpub…
Olivia FordCountryman Camera Icon The Kimberley Meat Company abattoir between Broome and Derby. Credit: Kimberley Meat Company/Facebook Share to Facebook Share to Twitter Email Us Copy the Link The Kimberley Meat Company, northern WAs only large-scale abattoir, has gone into voluntary administration, cutting out an important local alternative for northern pastoralists. According to Australian Securities…
Mason Greenwood’s image rights company enters voluntary liquidation just over two years since last Manchester United apppearance. Article continues below Greenwood’s company enters liquidation Firm used for image rights Cash in the bank massively dropped Read the full article at: https://www.goal.com/en-au/lists/mason-greenwood-image-rights-liquidation-suspension-man-utd/blt042a713301c20bd3
WASHINGTON The board of spacecraft propulsion and launch vehicle company Astra has warned that if it is unable to complete a deal offered by the companys founders to go private, its only option is to liquidate the company. In a filing with the Securities and Exchange Commission after the markets closed March 1, Astra said…
Since January 2023, a worrying trend of breweries being forced into voluntary administration has started to emerge. A recent interview conducted with Kylie Lethbridge, CEO at the Independent Brewers Association, brought to light certain inconsistencies in the ways that the ATO has managed the debts of different breweries. Following in its wake, Drinks Trade felt…
Cade Lucas Failed home builder Apex Homes received a $100,000 payment from a customer just days before a winding up order was lodged against it over unpaid debts. The customer, who wishes to remain anonymous, claims their financial advisor authorised the payment to Apex three weeks ago, after the company signed a statutory declaration that…
Gateway Liquor Wholesalers, a Sydney based distributor, has announced that it is entering into liquidation. The notice was given at a general meeting of the members of the company last Friday 1 March. The ASIC notice named Clifford John Sanderson and John Raymond Gibbons as liquidators. However, a timeline of the process is yet to…