The petition is likely to come up for hearing at the National Company Law Tribunal on Feb 20. A petition has been filed before the NCLT, Chennai bench, by a Resolution Professional (petitioner) over his arbitrary removal by bankers for trying to conduct an audit of a corporate debtor (CD) to whom Rs 400 crores…
Employees of enormously popular Brisbane doughnut chain Doughnut Time are taking the company to Fair Work over unpaid wages. As many as 35 workers across the companys 15 Australian stores allege theyre owed more than $70,000 in pay, the Courier Mail reports. Its the latest in a series of blows for Doughnut Time owner Damian…
Calcutta: Strategies deployed by ArcelorMittal and Nu Metal & Steel to extricate themselves from the legalese of the dreaded Section 29A of the Insolvency & Bankruptcy Code, 2016, will determine the future of Essar Steel’s corporate resolution process that has rolled into a decisive phase. As consultancy Grant Thornton and solicitor firm Cyril Amarchand Mangaldas…
International audit and consulting group Mazars has launched a mobile app, branded Mazars Live!, designed to connect users with developments taking place within the Mazars network, while providing insights into topics shaping the contemporary business world. Commenting on the new app, Mazars Malta managing partner Anthony Attard said that since its launch Mazars Live! has…
A BYRON Shire born estate agency which specialised in luxury high end properties has collapsed, leaving at least 35 staff out of work. Unique Estates was founded by PR and marketing specialist Nicolette van Wijngaarden in 2008. Ms van Wijngaarden reportedly sent a personal email to staff on Wednesday saying that wages could not be…
The administrator of the collapsed auction house Mossgreen is refusing to return consigned goods to more than 1,000 collectors unless it is paid maintenance fees totalling more than $1.4 million. It comes after Mossgreen, renowned for selling artwork and rare collectables, went into voluntary administration in December. The latest development more than triples the number…
The administrator of the collapsed auction house Mossgreen is refusing to return consigned goods to more than 1,000 collectors unless it is paid maintenance fees totalling more than $3.5 million. It comes after Mossgreen, renowned for selling artwork and rare collectables, went into voluntary administration in December. The latest development more than triples the…
By Press Association Published: 00:23 AEDT, 17 February 2018 | Updated: 00:23 AEDT, 17 February 2018 e-mail A judge has ordered the winding up of 10 Carillion companies at the High Court. Mr Justice Nugee, sitting in London on Friday, heard directors of the crisis-hit construction firm concluded there was no alternative but to place…
CITY of Stirling is investigating the impact the collapse of builder Cooper & Oxley will have on the Scarborough Beach Pool. The Perth construction firm entered voluntary administration on February 8, with Hall Chadwick appointed as external administrators. It was responsible for building the $26 million pool facility, which opened on January 22. Infrastructure director…
Tomcar Australia, subject of a round of 2017 articles that labeled it as “Australia’s last automotive manufacturer”, has gone into voluntary administration. Citing hostile investors and increasing costs of business, admistrators confirmed the turnover for Tomcar in the 2016-17 financial year was $4.65 million, despite previous reports that the companys turnover was just under $10 million.…