The company writes in a notification to the US Securities and Exchange Commission that Tritium DCFC and three of its Australian subsidiaries are insolvent or likely to become insolvent. Although Tritium was founded in Australia and still has its headquarters there, it has been listed on the Nasdaq in the USA since the beginning of…
DetailsBy 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…
DetailsApr 19, 2024 12.39pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Sydney couple Sam Peppou-Chapman and Mina Askovich have a choice to make. Fortunately for the pair, they have been offered support from the Bank of Mum and Dad, but…
DetailsHyderabad: National Company Law Tribunal (NCLT) at Hyderabad on Thursday admitted a petition filed by SBI seeking personal insolvency resolution process (PIRP) against former Union minister and founder of Splendid Metal Products company Y Sujana Chowdary. The company took over 500 crore loan from the bank and defaulted on repayment.Following pleas for initiating a corporate…
DetailsNew 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…
DetailsKatie Price is said to have gifted her daughter a new horse despite being declared bankrupt for a second time. The former glamour model, 45, splashed out on a horse for Bunny as she encourages her daughter to ride, according to reports. Katie is known for her love of horses, having ridden since the age…
DetailsApr 17, 2024, 01:30 PM ET Open Extended Reactions On May 14, 2018, just after 10 a.m. ET, the United States Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992, the federal statute that had restricted legal betting to primarily Nevada for 26 years. It was a landmark decision for two…
DetailsHyderabad: The Hyderabad bench of the National Company Law Tribunal (NCLT) has given the green signal to initiate insolvency proceedings against BJP leader and former MP Sujana Chowdary. It issued an order to this effect on Thursday and appointed a bankruptcy resolution professional (resolution professional). The NCLT bench also barred Sujana Chowdary from alienating, transferring…
Details[Getty Images] Superdry has announced it will delist from the London Stock Exchange in a huge restructuring aimed at turning the fashion retailer’s fortunes around. It said it would be forced to enter into administration if it did not go ahead with the plans. Julian Dunkerton, Superdry’s chief executive and co-founder, said the announcement marked…
DetailsAmid a changing business landscape, digital innovation is reshaping the growth calculus for organizations. And with the news Wednesday (April 17) that Google CFO Ruth Porat is restructuring the tech giants finance team as the company looks to redistribute resources toward artificial intelligence (AI), the impact of embracing a more technology-driven approach is top of mind for…
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