Moree Artesian Aquatic Centre Ltd (MAAC), the public company operating the Moree Artesian Aquatic Centre in Northern NSW, has gone into liquidation. The notice of liquidation of the company, of which the Moree Plains Shire Council is the only member, was published on the Australian Securities and Investments Commission (ASIC) site on Thursday, the same…
DetailsCroydon Council has placed Coulsdon Manor Hotel and Golf Club up for sale due to the local authoritys financial crisis. The council effectively declared itself bankrupt last year, owing debts of about 1.5 billion, and it has now announced that it hopes to sell off various assets, including the golf club, to bring in millions…
Details(File image: Reuters) Venugopal Dhoot, former promoter of Videocon Group, has moved before the NCLAT, challenging an order of the insolvency court NCLT approving Rs 2,962 crore takeover bid by Anil Agarwal’s Twin Star Technologies for 13 companies of the debt-ridden group. Dhoot, in his petition filed before the National Company Law Appellate Tribunal (NCLAT)…
DetailsThe latest amendments to the IBC, 2016 allow the use of pre-packs to resolve insolvency proceedings involving micro, small and medium-scale enterprises. A pre-pack is a way of resolving the troubles of creditors and owners of a distressed business. What are the amendments to the Insolvency and Bankruptcy Code passed by Parliament and will it…
DetailsData Tables in Excel (xlsx) Format – Company Insolvency Statistics April to June 2021 MS Excel Spreadsheet, 201KB This file may not be suitable for users of assistive technology. Request an accessible format. If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format,…
DetailsTom Jolliffe puts his chips on ten essential gambling films The money goes down. Youve placed your bets. Now its time for the nitty gritty. Win or lose. If you win, do you quit while youre ahead or go again? Cinema has long held a fascination with gambling across its many forms, but the predominant…
DetailsYan Haojie, the man who killed his pregnant wife after she refused to help him repay his gambling debts, has been sentenced to death, the Shanghai No.1 Intermediate People’s Court announced on Friday. [Photo/Shanghai No.1 Intermediate People’s Court] Yan Haojie, the man who killed his pregnant wife after she refused to help him repay his…
DetailsOn 20 July 2021, the Hong Kong Court of First Instance granted an application by Hong Kong liquidators to issue a letter of request for assistance to the Shenzhen Intermediate Peoples Court. This was the first application made under the new cross-border cooperation mechanism, which we reported in a previous note (click here). Background The…
DetailsSeattle The former President & CEO of Northwest Territorial Mint, a now-bankrupt company dealing in precious metals, was convicted today in U.S. District Court in Seattle of 14 federal felonies resulting from a Ponzi-like scheme that defrauded customers of millions of dollars, announced Acting U.S. Attorney Tessa M. Gorman. After more than three weeks of…
DetailsThroughout the entirety of the worldwide pandemic that devasted businesses, regardless of age or size, across the country, changes had to be made to business models, however temporary, in order for them to remain solvent. Now, finally, the countrys economy is slowly beginning to recover; there is no better time than now to restructure your…
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