Keybridge CEO Nick Bolton has won a stay of orders ending the company’s administration as he appeals that ruling and another that found he and two other directors were validly removed and replaced at a board meeting.
A judge has adjourned a creditor’s winding up application against Perth-based green hydrogen company Infinite Green Energy, finding the delay could lead to a better outcome for creditors.
After running a successful campaign to remove three board members, major Keybridge shareholder WAM Active has convinced a court to end the investment company’s administration after it provided a letter of comfort and offer to fund its debts.
A judge has given the Victorian unit of Roberts Co more time to put forward a deed of company arrangement that would save the builder from liquidation, noting liquidation could imperil its projects and subcontractors, who could not bring claims under the SOP Act if it was insolvent.
A judge has ruled the liquidator of Special Gold can advance claims against Dyldam Developments, which the collapsed Sydney developer has called “hopeless”.
A judge has agreed to delay a trial by five months in a group of cases over supply chain finance company Greensill’s $1.7 billion collapse, over the vehement protests of the firm’s administrator.
Building façade company Sharvain, which went under last month, owes major builders $54 million, according to a judgment pushing out the date for a creditors meeting.
The High Court won’t hear an appeal by a creditor of collapsed forestry giant Gunns Plantations seeking to toss winding up proceedings brought after it failed to pay back $1.2 million in unfair preferences.
A class action brought by investors of failed advisory firm Linchpin has reached a settlement with insurer AIG — the last remaining defendant in the case.
Star has agreed to a $300 million deal that will see the embattled company taken over by US-based casino operator Balley’s.