Category Archives: Liquidation

CAUT welcomes federal plan to exclude public universities and colleges from bankruptcy and insolvency laws – Yahoo Finance

Canadian Association of University Teachers OTTAWA, Nov. 22, 2023 (GLOBE NEWSWIRE) — The Canadian Association of University Teachers (CAUT) welcomes yesterdays announcement in the Fall Economic Statement that the federal government will amend the Companies Creditors Arrangement Act and the Bankruptcy and Insolvency Act to exclude public universities and colleges. The Liberal government has made…

WAGENER EMPIRE IN LIQUIDATION – Print21

By Wayne Robinson | 24 November 2023 Peter Wagener has had to put all his display print companies in liquidation, but has vowed he will be back next month, after paying all his suppliers in full. Returning in December: Peter Wagener To cap a drama-filled week, which Wagener described as “ridiculous” the liquidation itself is…

AFCA helps small business reclaim $23m, disputes up 9% – AccountantsDaily

Small businesses made almost 4,000 complaints to AFCA in the last financial year, up 9 per cent, and won more than $23 million in compensation and refunds, the authority says. Disputes over business loans the leading cause of friction actually fell slightly but there were marked increases in complaints over commercial property (up 36 per…

Court places Geelong business in liquidation – K rock

A Geelong-based company owned by Geelong businessman David Collard has been wound up over allegations it owes more than $100,000 in debt. A court has ordered Sanitex Global Pty Ltd be placed in liquidation and denied a request by the companys solicitor to postpone the case, to allow Sanitex to repay money alegedly owed. Judicial…

WA's All Flags Signs and Banners, All Signs, Euro Poles, and … – Wide Format Online

It is with great regret and sadness that we report on the appointment of a liquidatior to Peter Wagener’s group of companies. We have been aware of the voluntary administration since September – and the herculean effort by Wagener and his team to restructure and exit VA. However, the cancellation of a commercial lease has…

NCLT extends Go First's moratorium period till Feb 4, demands … – Business Today

The National Company Law Tribunal has extended the Corporate Insolvency Resolution Process (CIRP) of the cash-strapped airline Go First by 90 days till February 4, 2024. The Committee of Creditors (CoC) said the six-month moratorium period ended on November 6. On October 17, it passed a resolution to extend the resolution process by 90 days.…

NCLT extends Go First's resolution timeline by 90 days | Mint – Mint

New Delhi: The National Company Law Tribunal (NCLT) on Thursday granted Go First airline a 90-day extension for its Corporate Insolvency Resolution Process (CIRP), now effective from 6 November to 4 February, as the bankrupt carrier seeks to revive its operations. The tribunal has asked the resolution professional (RP) overseeing Go First’s insolvency to submit…

Go First insolvency resolution gets 90-day extension from NCLT – Moneycontrol

The Resolution Professional (RP) has verified that, despite receiving an expression of interest from Jindal, no resolution plan has been received. This extended period concludes on February 4. The National Company Law Tribunal (NCLT), on November 23, extended the Corporate Insolvency Resolution Process (CIRP) of the grounded airline Go First by 90 days. The 90-day…

NCLT Ahmedabad Directs Promoters To Deposit Rs. 7.78 Crores With Corporate Debtor Based On Forensic Audit … – Live Law – Indian Legal News

The National Company Law Tribunal (NCLT), Ahmedabad Bench, comprising of Shri Shammi Khan (Judicial Member) and Shri Sameer Kakar (Technical Member), has directed the Promoters/Suspended Management of Sysco Industries Ltd. (Corporate Debtor) to deposit Rs. 7.78 Crores with the Corporate Debtor on the basis of a forensic audit report. The Resolution Plan for the Corporate…

Court places Geelong business in liquidation – Bay 93.9

A Geelong-based company owned by Geelong businessman David Collard has been wound up over allegations it owes more than $100,000 in debt. A court has ordered Sanitex Global Pty Ltd be placed in liquidation and denied a request by the companys solicitor to postpone the case, to allow Sanitex to repay money alegedly owed. Judicial…