An online alcohol retailer that specialises in Australian craft gin has gone into administration just a month after announcing it was up for sale. According to the Australian Securities and Investments Commission (ASIC), Gintonica went into insolvency on June 21, with David Ross from I & R Advisory appointed as administrator. Gintonicas founder David Box…
DetailsCable will no longer be recognised as an Australian Football Hall of Fame Legend after he was found to have sexually abused a girl during his playing career By Riley Beveridge Barry Cable addresses the room during the 2017 Australian Football Hall of Fame dinner at the Adelaide Oval. Picture: AFL Photos THE AFL has…
DetailsSaving to buy a home or travel overseas might feel impossible right now, as everything from rent to bread is costing us more. But financial goals aren’t just about grand plans. They can be small, achievable things, too. And experts say there’s value in having them, even when we’re just trying to keep our head…
DetailsThe National Company Law Tribunal (NCLT) has dismissed IDBI Trusteeship Services’ petition seeking Corporate Insolvency Resolution Process (CIRP) proceedings against Essel Group entity Cyquator Media Services for default in payment. In its petition against Cyquator Media, IDBI Trusteeship had invoked the provisions of Section 7 Insolvency and Bankruptcy Code read with Rule 4 of Insolvency…
DetailsRecent data from the Federal Reserve reported that total household debt hit 17.05 trillion in the first quarter of 2023. If you are one of the Americans that has been impacted by growing inflation and thus increased debt, consolidating can be a good financial move. Though debt consolidation is not a cure-all and may not…
DetailsDebt relief companies, sometimes called debt settlement companies, are one option for those struggling with credit card debt, tax debt, personal loan debt, and other types of unsecured debt. These companies can help you manage certain types of debt, but they won’t be the right solution for everyone. Debt relief companies can’t help with secured…
DetailsMUMBAI : The National Company Law Tribunal dismissed an application by IDBI Trusteeship to initiate corporate insolvency resolution of Cyquator Media Services, a promoter group company of Zee Entertainment Enterprises Ltd. Financial creditor IDBI Trusteeship filed a petition under Insolvency and Bankruptcy Code (IBC) for default in repayment of 600 crore. We are of the…
DetailsCompany insolvencies in England and Wales last month rose by 40 per cent year-on-year to the highest level since monthly records began in January 2019. CREDIT: This is an edited version of an article that originally appeared on Business Matters. Data from the Insolvency Service yesterday showed that 2,552 companies were declared insolvent last month,…
DetailsKUALA LUMPUR, June 26 A total of 31,140 youth aged 35 and below have been registered as bankrupts from 2014 to May 2023 based on the records of the Malaysian Department of Insolvency (MDI), said Deputy Minister in the Prime Ministers Department (Legal and Institutional Reform) Ramkarpal Singh. Concerned about the situation, the government has…
DetailsSuriname, a tiny nation ravaged by recession, inflation and impossible debts, saw its relief held up by superpower politics. It wont be the only country. Suriname, like other low- and middle-income countries, confronted untenable debts after borrowing that was encouraged by years of low interest rates. The Port of Paramaribo handles most of Surinames cargo…
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