Popular shed company Transportable Shade Sheds has gone into liquidation, owing over $1.8 million and leaving employees without wages and superannuation. Ralph Ackerman, a Vietnam war veteran, was hoping to receive a shed to house his caravan, but he’s now left with a patch of dirt in his backyard. Ackerman said he asked to pay…
The National Company Law Tribunal (NCLT), on Friday, rejected IDBI Bank’s insolvency plea against Zee Entertainment. The bank had applied for insolvency to recover dues of 149.60 crore. Also Read: Indiabulls Real Estate to challenge NCLT order withholding its merger with Nam Estates, Embassy One Notably, IDBI Bank appelaed to the NCLT in December last…
Jenny Craig, the company founded by Jenny, pictured, and Sidney Craig in 1983, went into voluntary administration earlier this week. Photo / Getty Images By RNZ The demise of diet and weight-loss company Jenny Craig is a win for those fighting against diet culture, according to body positivity campaigner and educator Angela Barnett. The company,…
Following a request by its financial creditor, State Bank of India (SBI), Sterling Oil Resources Ltd. has been accepted into the corporate insolvency resolution procedure by the bankruptcy court. As a result of the business’s almost Rs 1,655 crore in unpaid debts, SBI filed a petition with the bankruptcy court. Purusottam Behera has been chosen…
In the wake of a national manufacturing companys collapse, its liquidator says the case is unusual and complex and compensation for customers will be a lengthy process. Mooloolabas Transportable Shade Sheds (TSS) went into liquidation on Monday, April 3, reportedly leaving hundreds of customers either without product or half-delivered orders. It had factories at Beerwah and Coolum,…
NCLAT Set Aside Insolvency Proceedings Against McLeod Russel Business NewsNCLAT Set Aside Insolvency Proceedings Against McLeod Russel ADVERTISEMENT 17 May 2023, 4:09 PM IST 17 May 2023, 4:09 PM IST 17 May 2023, 4:09 PM IST WhatsApp Twitter Facebook Telegram Read the full article at: https://www.bqprime.com/business/nclat-set-aside-insolvency-proceedings-against-mcleod-russel
Multi-Res Builders, a family-owned construction business based in Hobart, entered liquidation on May 14, according to Australian Securities and Investments Commission (ASIC) documents. David Levi from Levi Consulting has been appointed as the liquidator. “Notice is given that at a general meeting of the members of the Company held on 14 May 2023, it was…
A Tasmanian building company has gone into liquidation, leaving multimillion-dollar projects in the lurch. It is the latest in a seemingly never-ending series of building firms collapsing as the industry faces the rising cost of labour and construction materials. A liquidator was appointed to Multi-Res Builders Pty Ltd on May 14, according to a notice…
May 16, 2023 5.45pm Wine bars, restaurants, vineyards and liquor distributors around the country are clamouring to retrieve millions of dollars worth of stock locked in warehouses belonging to collapsed ASX-listed start-up Kaddy. The makers of By Farr wines and Dalwhinnie whisky were among hundreds of customers stunned to receive emails from Kaddys administrators last…
Eleanor Temple, chair of the insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds Corporate insolvencies decreased by 31.8% in April 2023 to a total of 1,685 compared to Marchs total of 2,471, and decreased by 15.2% compared to April 2022s figure of 1,988. Corporate insolvencies increased by…