Building industry crisis deepens with yet another firm placed into liquidation leaving a string of custom-home builders in the lurch Wedgewood Constructions latest firm to fall Adelaide building company placed into liquidation on Sunday Follows collapse of Lloyd Group and Porter Davis homes By Olivia Day and Aidan Wondracz For Daily Mail Australia Published: 17:39…
NCLT Bengaluru Initiates Insolvency Proceedings Against Mantri Developers Ltd., A Mantri Group Company Begin typing your search above and press return to search. Read the full article at: https://www.livelaw.in/news-updates/nclt-bengaluru-initiates-insolvency-proceedings-against-mantri-developers-ltd-a-mantri-group-company-225474
Wellness and beauty retailer BWXs Australian operations have been placed in voluntary administration as the company struggles to combat inventory and working capital issues. Kate Warwick, Joe Hansell and Kelly Trenfield of management consulting firm FTI Consulting have been appointed administrators, effective immediately. They intend to continue the directors search for a buyer for BWXs…
FTI Consulting has taken over as administrators of the company, though its operations outside Australia are not affected. BWX has gone into administration, putting their flagship brand Sukin into jeopardy. (Michael Dodge) Go-To is run and managed independently and not included in the administration. BWX owns 50.1 per cent of Go-To, but is “actively working…
Its starting to feel like a while since the beaten-up ASX share BWX Ltd (ASX: BWX) has been available for trading on the ASX. Thats because it has been. BWX shares last traded on the share market back on 23 March, almost two weeks ago. Back then, the company announced a trading halt so that…
BWX collapsed yesterday as Commonwealth Bank ceased to support the cosmetics group and its operations entered voluntary administration. In light of recent communications from the companys lender, the companys board is considering how to best protect the interests of the company and the group as a whole in the absence of an agreed refinancing, said…
Rebecca McDonald / 01 April 2023 There are fears more companies could go to the wall after a home builder and a civil construction group collapsed on the same day. Work on Porter Davis sites have stopped across Victoria, including in the Geelong region after it went into liquidation. The company has several display properties…
Several major projects in Victoria and New South Wales have been hit after the Melbourne-based construction company Lloyd Group was placed in voluntary administration with Deloitte. The collapse of the construction firm, which mostly specialises in state and local government work, has upended the progress of 59 projects in the two states, and impacted about…
Bankruptcy cases are taking longer to resolve and yielding lower values for lenders, a credit rating agency analysis said on Monday. The average number of days taken to close a case either through a resolution process or liquidation was at its highest at 588 days for financial creditors if one were to look at official…
In ABHISHEK SINGH VERSUS HUHTAMAKI PPL LTD. & ANR. – 2023 (3) TMI 1285 – SUPREME COURT, the Corporate Debtor Manpasand Beverage Limited, is manufacturing and distribution of fruit beverages. The respondent No. 1 Huhtamaki PPL Limited (operational creditor) supplied packaging material to the Corporate Debtor. The Operational Creditor filed an application against the Corporate…