Green behaviour change platform Do Nation is to cease trading after 14 years in response to challenging economic conditions, increased market competition, and a failure to secure fresh investment, the company’s founder and CEO Hermione Taylor has announced. Writing on LinkedIn last week, Taylor said she had made the “sad decision” to enter the B-Corp…
By Peter Roberts The once high flying electric vehicle charger manufacturer Tritium DCFC has succumbed to a litany of financial problems, with the appointment of voluntary administrators to its three Australian subsidiaries Tritium Pty Ltd, Tritium Holdings and Tritium Nominee. According to a brief statement to the US Securities and Excgange Commission parent company Tritium…
New Delhi: The National Company Law Appellate Tribunal on Thursday granted relief to Sporta Technologies, the parent company of Dream11, freeing it from the corporate insolvency resolution process (CIRP) rejecting a petition by Reward Solutions.NCLAT concluded that the default date for the debt squarely fell within the timeline of Section 10A of the Insolvency and…
Australias biggest plastics and chemical manufacturer has been plunged into voluntary administration putting 700 jobs at risk across two states and creating fears for the countrys recycling abilities. The company called Qenos has been hit with multimillion-dollar losses and increased energy costs over the past couple of years and operates factories in Sydney and Melbourne.…
NCLAT sets aside Dream 11’s insolvency The National Company Law Appellate Tribunal (NCLAT) on April 18 set aside the corporate insolvency resolution process against Sporta Technologies, parent company of leading fantasy gaming platform Dream 11 and restored it to its pre-insolvency stage. The NCLAT held that the National Company Law Tribunal (NCLT) could not have…
Goji in Jamisontown. Share this story Asian restaurant Goji will continue to trade at the East Bank precinct in Jamisontown. It comes after Goji Modern Asian Cuisine Pty Ltd was placed into voluntary administration. Goji Penrith Pty Ltd began trading on April 15 and is now managing the restaurant on the site. Its understood the…
Systovi has gone into liquidation, as the commercial court in Nantes, France, has issued an order to do so, citing the solar panel manufacturers failure to find new investors, despite its 80 MW of panel manufacturing capacity. April 18, 2024 Gwnalle Deboutte From pv magazine France Systovi, a Cetih group subsidiary since 2018, said in…
Goji in Jamisontown. Share this story Asian restaurant Goji is set to be thrown a lifeline after being placed into voluntary administration last Friday. The Penrith location of Goji sits on the banks of the Nepean River, with another location in George Street in the Sydney CBD. The restaurant closed its doors for two days…
By Steve Williams For Daily Mail Australia Published: 14:59 AEST, 18 April 2024 | Updated: 15:33 AEST, 18 April 2024 Australia’s biggest plastics and chemical manufacturer has gone bust with some 700 jobs on the line. Qenos was plunged into voluntary administration on Wednesda… Read the full article at: https://www.dailymail.co.uk/news/article-13321967/Qenos-enters-voluntary-administration-One-Australias-biggest-manufacturers-goes-bust-putting-700-jobs-line.html
Apr 16, 2024 5.50pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Creditors of collapsed Western Sydney developer Toplace, which amassed debts of over $2 billion before founder and now fugitive Jean Nassif fled to Lebanon, voted on Tuesday to hold…