The High Court is considering strange case of Mars Cap Ltd and Australian company Probis. The matter was listed for mention again in the High Court later this month. Two companies on either side of the Tasman are facing liquidation and administrators are chasing up to US$100 million in missing funds, some of which seems…
Company bosses have been hit by a host of problems – from soaring costs and higher borrowing rates to cash-strapped customers. Alistair Bacon, chairman of regional insolvency trade body R3 Eastern and founder of AMB Law in Ipswich, said the challenges were taking their toll as the number of insolvent businesses in England Wales hits a…
But when presented with the deed of company arrangement, Mader said the ATO opposed it in favour of placing the company in liquidation, which would have involved selling off its assets and dissolving the business as a means of recouping the debt. We just couldnt understand why we still had about 60 employees who stuck…
New Delhi, Sep 18 (PTI) The NCLT on Monday ordered the liquidation of Overnite Express after admitting the plea of its lender Deutsche Bank AG against a resolution plan submitted by a member of the debt-ridden company’s suspended board. While the Insolvency and Bankruptcy Code (IBC) bars promoters of a corporate debtor from submitting a…
The NCLT on Monday ordered the liquidation of Overnite Express after admitting the plea of its lender Deutsche Bank AG against a resolution plan submitted by a member of the debt-ridden company’s suspended board. While the Insolvency and Bankruptcy Code (IBC) bars promoters of a corporate debtor from submitting a resolution plan under the CIRP,…
In addition to the individual rankings, the firm as a whole received 18 rankings six of which were nationwide, with the remaining dozen spread across seven U.S. states. Tier 1 rankings in New Jersey, Pennsylvania Reed Smiths strongest suits overall were M&A and Restructuring and insolvency, followed by Banking. The firm received Tier 1 rankings…
The NCLT on Monday ordered the liquidation of Overnite Express after admitting the plea of its lender Deutsche Bank AG against a resolution plan submitted by a member of the debt-ridden company’s suspended board. While the Insolvency and Bankruptcy Code (IBC) bars promoters of a corporate debtor from submitting a resolution plan under the CIRP,…
The NCLT on Monday ordered the liquidation of Overnite Express after admitting the plea of its lender Deutsche Bank AG against a resolution plan submitted by a member of the debt-ridden company’s suspended board. While the Insolvency and Bankruptcy Code (IBC) bars promoters of a corporate debtor from submitting a resolution plan under the CIRP,…
Rescon Builders builds granny flats – or at least it used to, before the company went into voluntary administration. That’s when A Current Affair heard from angry customers. “I keep sending emails to them, no responses, so I sent them an email asking them if they were in liquidation and still no response,” Peter Reeve…
Leeton Shire Council Council advises that HME Services, the company engaged to deliver specialist sound and lighting equipment for the Roxy, entered voluntary liquidation in August. PKF in Brisbane has been appointed as the administrators. HME Services was a well-respected Australian company, specialising in sound and lighting designs and fit-outs in the creative arts industry.…