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Latest business liquidations in Whitsunday


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News
by Cathryn McLauchlan
Premium Content
Subscriber only
NO liquidation appointment notices have been listed for businesses in the Whitsunday Local Government Area so far today. The total for the past year is three.
News Corp analysis of ASIC Insolvency Notices and ABN Lookup data shows the locations of company liquidations across the state.
Queensland-based companies operating without an ABN were omitted from the list below, however can be found in our monthly statewide list.
Here s the list for Whitsunday, listed by postcode in date order:
4800
Howron Pty Ltd, ABN: 78123013589, Main Business Location: QLD 4800, Notice Date: February 25, 2021, Liquidator: Jarvis Lee Archer ....

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CAA extends breathing space for operators of Pacific Aerospace aircraft


CAA extends breathing space for operators of Pacific Aerospace aircraft
3 Mar, 2021 04:38 AM
3 minutes to read
There is some good news for owners and operators of aircraft made by Pacific Aerospace, now in interim liquidation - New Zealand s Civil Aviation Authority has extended its decision not to revoke the planemaker s certifications.
The veteran Waikato planemaker has more than 300 aircraft in operation around the world and has supplied aircraft to around 80 per cent of the topdressing industry.
If the CAA revoked its organisational certificates due to its insolvency, those aircraft could be grounded.
We haven t revoked any of PAL s certificates. The type certificates for PAL-produced aircraft are still in place, meaning owners and operators of PAL aircraft can still fly these, a CAA spokesman said. ....

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Dotts: Receivership could result in 'full liquidation' of IPI | News


THE amount of Imperial Pacific International LLC assets that need to be sold could exceed $10 million, IPI attorney Michael Dotts told the federal court on Wednesday.
Because IPI CNMI is facing multiple lawsuits, he said the court-ordered receivership “could also develop into the full liquidation of the company to satisfy other judgments or provide the framework for a liquidation process.”
According to an online business dictionary, “the term liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants.”
Dotts said the baseline amount that the receiver needs to raise to purge IPI, IPI Holdings Ltd., and IPI chairwoman Cui Li Jie of contempt is $1,982,793. ....

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Covid cooks popular Coast teppanyaki bar company


Mr Archer said the advice he d received was that the main reason for the company s financial difficulties was the COVID-19 restrictions, which had severely impacted the ability of the business to trade .
Mr Chan s report on the company s affairs showed creditor claims totalling just more than $1.408 million.
The debts were made up of $270,000 of priority employee entitlements, $200,000 owed to the Australian Taxation Office, $760,000 owed in loans and to funders and $178,883 owed to trade creditors and suppliers.
Akane Teppanyaki and Whisky Bar opened in January, 2019, but was forced to close for good due to coronavirus restrictions.
Mr Archer said there were eight staff owed entitlements, which would likely be paid by the Federal Government s Fair Entitlements Guarantee scheme. ....

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Bangladesh Bank officials took benefits from PK Halder: High Court


 
Staff Correspondent, bdnews24.com 
Published: 24 Feb 2021 02:38 AM BdST
Updated: 24 Feb 2021 03:02 AM BdST
The Bangladesh Bank’s role in recovering defaulted loans taken from People’s Leasing and Financial Services Ltd or PLFSL, a firm undergoing liquidation, has irked the High Court.
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A judge says the central bank officials responsible for overseeing the financial institutions “took benefits” from the scam centring businessman Proshanto Kumar Halder.
Justice Muhammad Khurshid Alam Sarkar made the comments on Tuesday while hearing statements of some of those who defaulted on more than Tk 500,000 loans from PLFSL.
“The Bangladesh Bank officials in charge of overseeing the financial institutions sat there and took [benefits]. These corrupt officials took facilities from PK Halder and the loan defaulters,” the judge said. ....

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