Creditors for Enova Community Energy and Enova Energy say they have voted in favour of Deeds of Company Arrangement (DOCA) for each company, ‘that will see the entities avoid liquidation and facilitate a better return for creditors’…
Creditors for Enova Community Energy and Enova Energy say they have voted in favour of Deeds of Company Arrangement (DOCA) for each company, ‘that will see the entities avoid liquidation and facilitate a better return for creditors’…
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Introduction Director loans are common assets which liquidators identify once they are appointed liquidators of a company. As liquidators, we often see situations whereby the company is not making any profits and the directors use the company’s funds during a financial year to fund their personal lifestyle, thereby creating the
Recently I was approached by a client to consider whether it was possible to call a members’ meeting to and place a company into creditors voluntary liquidation without the involvement of the director. In this particular case, the sole director passed away suddenly leaving the company without a director and
Search warrants are a crucial tool in the enforcement of corporate law in Australia. Under section 530C of the Corporations Act 2001 (“the Act”), search warrants can be issued to facilitate the investigation of company affairs, especially in cases where there is suspicion of misconduct or breaches of the Act.
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