IndusInd International Holdings Ltd (IIHL), the investment arm of Hinduja group, cannot do away with employee stock option (Esop) and incentive schemes of Reliance General Insurance Co., as part of its resolution plan for the parent firm, Reliance Capital, according to law firm Khaitan & Co. A copy of the letter, which is in response…
Oct 23, 2023 6.42pm Scott Wilcox, the former director and shareholder of high-end residential builder Dome, says his former fellow directors chose to put the company into liquidation last week and turned down offers he made to keep the business going, including coming back to run it. In a LinkedIn post late on Monday, Mr…
Major national builder NPM has gone into voluntary administration with over 100 full-time employees terminated. The NPM Group, which stands for National Projects and Maintenance, was a commercial fit-out, construction, minor works and maintenance company behind 45,000 projects across six states and territories. It ceased operations yesterday. A commercial fit out by NPM Group at…
A popular Melbourne denim brand sold at major retailers has gone into liquidation. Nobody Denim went into liquidation on October 10 according to documents filed with the Australian Securities and Investments Commission. Shane Deane and Nicholas Giasoumi from Dye and Co have been appointed as liquidators. Looking for a new job or job candidate? Post…
By Eliza Mcphee For Daily Mail Australia Published: 14:02 AEDT, 18 October 2023 | Updated: 17:34 AEDT, 18 October 2023 Popular Australian clothing brand Nobody Denim has collapsed after racking up $3.6million in debt. The brand, known mostly for its range of jeans, entered volun… Read the full article at: https://www.dailymail.co.uk/news/article-12643067/Nobody-Denim-Iconic-goes-under.html
National touring body Critical Stages Touring announced late Friday that its Board had made the difficult decision to place the company into liquidation. The news was announced on social media at 3pm AEST. Critical Stages staff, including CEO Robbi James, Programming Producer Scarlet McGlynn, and Senior Producer Melanie Carolan, are no longer employed by the…
Australian frozen dessert company Sara Lees voluntary administration has caused a buzz in Hong Kong as fans have urged dessert lovers to add the brands products to their shopping lists. This comes after Sara Lee appointed FTI Consulting as its voluntary administrator on 17 October, according to the SCMP. On Wednesday, FTI Consultings administrators said they…
By Padraig Collins For Daily Mail Australia Published: 08:14 AEDT, 22 October 2023 | Updated: 09:12 AEDT, 22 October 2023 A luxury Melbourne building company has gone into liquidation informing its customers by a letter. PFK Melbourne has been appointed as the liquidator after D… Read the full article at: https://www.dailymail.co.uk/news/article-12657623/Luxury-construction-company-collapses-Melbourne.html
Aussie dessert brand Sara Lee, which Kiwis may know for its popular frozen cheesecakes, has gone into voluntary administration. FTI Consulting was appointed as voluntary administrator on Tuesday. The firm will seek a restructuring and sale of the Sara Lee business, while still “continuing operations”. Administrator Vaughan Strawbridge says they hope to continue to brand’s…
Popular Aussie dessert company Sara Lee has gone into administration after 52 years of selling frozen cheesecakes, pies, crumbles and ice creams. Its management yesterday appointed FTI Consulting’s Vaughan Strawbridge, Kathryn Evans and Joseph Hansell as voluntary administrators of Sara Lee Holdings Pty Ltd. Sara Lee Holdings is an Australian-based manufacturing business that trades as…