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Construction PRO
A tribunal has ordered a defunct builder of a Dandenong apartment complex to pay $2.9 million in damages for a slew of defects and interest on a loan needed to replace combustible cladding.
The corporate cop has won court approval to proceed with a consumer suit against debt manager Solve My Debt, despite the company falling into liquidation.
Construction PRO
Liquidators for companies in the Dyldam Group have won an extension until early 2027 for further investigation of the defunct developer.
Construction PRO
One of 50 subcontractors left unpaid after Victoria's Department of Education nixed three construction project contracts with failed builder Roberts Co (VIC) is set to join in proceedings seeking declarations under a deed of company arrangement.
Construction PRO
A judge has criticised the liquidators of a collapsed luxury homes business for a three-month delay in seeking court approval for a litigation funding agreement, warning other liquidators that they should apply for funding in advance.
The administrators of struggling regional airline Rex have entered into a sale agreement with NASDAQ-listed aviation holding company Air T, with the federal government stepping in to facilitate the sale.
Construction PRO
Receivers for Jon Adgemis' Public Hospitality Group are planning to put the South Bondi Hotel on the market by the end of the year.
A judge has refused to join the ATO as an interested party to a case over the receivership of investment platform Brite Advisors, after the receivers worried they could be on the hook for $75.4 million in capital gains tax.
KMPG partner John Lindholm has escaped a potential probe into his decision to endorse a settlement in the scandal-ridden Banksia Securities class action as the receiver for the collapsed lender.
Construction PRO
ASIC has secured winding up orders against Gold Coas- based ALAMMC Developments and a number of related companies amid concerns the property developer mismanaged millions of investors funds.