LGBTI news journal Star Observer has entered voluntary administration due to drying up advertising revenue. The journal, which has been a staple for the LGBTI community since 1979, was founded by Michael Glynn at a time when gay men were facing violence from police. Star Observer chairman Sebastian Rice says it faced financial troubles due…
DetailsWe would like to inform you that pursuant to an Order no. CP(IB) No. 990/KB/2018 dated 6th May 2019 of the National Company Law Tribunal, Kolkata Bench, Liquidation has been initiated for Advance Powerinfra Tech Limited as per the provisions of the Insolvency and Bankruptcy Code, 2016. A copy of the said order is enclosed…
DetailsNEW DELHI: The principal bench of the National Company Law Tribunal (NCLT) has directed market regulator Securities and Exchange Board of India (Sebi) to de-attach the properties of a corporate debtor attached during its execution proceedings. The matter brings into focus the issue of the in-built disagreement between the Sebi Act and the provisions of…
DetailsImage copyright British Steel Talks to avert the collapse of British Steel will resume later on Friday after the firm secured funds to stay afloat until the end of May. Sources close to owners Greybull Capital say its future will be discussed at “ministerial level”. British Steel has admitted it needs further financial support from…
DetailsA Sydney woman battling mental health issues has told how she is surviving off the charity of friends and family after an apparent Centrelink bungle left her with a $3,500 welfare debt and no income for more than two months. Charlotte Coulter, 29, told Guardian Australia she was wrongly kicked off the $276.55-a-week Austudy payment…
DetailsTHE exodus of grain traders has continued, with Queensland company Dalgrains (Qld) Pty Ltd being wound up by its owners. Dalgrains is owned by Tobin and Stephanie Cherry, of Dalby, in Queensland. The company has 120 shares, 40 of which are owned by Mr Cherry and the other 80 by the Cherrys investment company Cherry…
DetailsMelbourne-based contract brewing operation Sample Brewing is being offered for sale after the business called in administrators on Tuesday. Administration of the brewing business, which launched in 2014, was taken over by Shane Cremin of insolvency firm Rodgers Reid on Tuesday. Cremin told Brews News that the business continues to trade with plans to offer…
DetailsA Federal agency has put a Pilbara Aboriginal corporation that earns millions of dollars a year in mining royalties from Rio Tinto in the hands of insolvency experts over governance and financial issues. The Registrar of Indigenous Corporations yesterday placed Yinhawangka Aboriginal Corporation, based in Paraburdoo, into special administration. The news comes less than a…
DetailsThe details and effects of the plan, which is in negotiation as part of a Chapter 11 bankruptcy, were explored in a Raymond James report. In a May 12 research note, Raymond James analyst Praveen Narra reported that as part of its Chapter 11 bankruptcy, Weatherford International Ltd. (WFT:NYSE) entered negotiations to restructure its outstanding…
DetailsWhats more valuable getting out of debt or getting away? Soon more workers will have the opportunity to make that calculation. PTO Exchange, a platform that allows employers to give workers the ability to put the monetary value of their vacation days towards retirement savings, charitable donations and other goods and services, is expanding its…
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