The company at the centre of Victoria's recycling crisis will be wound up after it was declared insolvent in the Supreme Court of Victoria.It earlier warned 400,000 tonnes of recycling could end up in landfill if it went underSKM Recycling owes 15 creditors more than $5 million and afterA liquidator will now be appointed to refund the creditors.Nine other creditors were seeking more than $1.7 million collectively.
Lawyer Michael Gronow QC told last week's court proceedings it was"likely creditors would get zero" if the company was wound up.
Scotty smirking and of course told everyone on seven news last night he will fix the recycling industry. Well here's his chance!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Queensland MP George Christensen received reef trip organised by far-right events companyQueensland MP George Christensen went on a free boat trip to the Great Barrier Reef paid for by an events company that organises tours by alt-right speakers, including controversial figure Lauren Southern China also incarcerates people's relatives.... Is that a crime? Lauren southern is NOT far right. Making things up again are we SBS.
Source: SBSNews - 🏆 3. / 89 Read more »
Catering company claims health inspector 'destroyed our lives' with planted slugA former health inspector says managers at a Melbourne council seemed intent on shutting down a family catering business that was competing with another company part-owned by the council. I often get slugs on my lettuces in the garden that survive the washing process... I haven't had many bad effects from having eaten a slug yet... How corrupt is Victoria! Paraphrasing Mark Twain. Suppose you were a member of the Local Council, suppose you were corrupt. Sorry, I repeat myself.
Source: abcnews - 🏆 5. / 83 Read more »