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Daily Archives: April 7, 2021

Whyalla owner races towards refinancing to stave off Credit Suisse liquidation push – Sydney Morning Herald

LiquidationBy Insolvency GuardianApril 7, 2021

The owner of the Whyalla steel mill says it is close to sealing a refinancing deal with a new group of lenders that may quell a push by its major creditor Credit Suisse to place the business into liquidation. Billionaire steel tycoon Sanjeev Guptas Australian steel and mining companies said in a statement on Wednesday…

No, not bankruptcy! Oyo insolvency admitted by NCLT for Rs 16 lakh dispute – Business Today

BankruptcyBy Insolvency GuardianApril 7, 2021

A fresh case of insolvency has been filed against the subsidiary of Oyo over a dispute of Rs 16 lakh. The National Company Law Tribunal (NCLT) has admitted the case and ordered the commencement of corporate insolvency proceedings on March 31, 2021. The NCLT has ordered the creditors of Oyo Hotels and Homes Private Limited…

Workers react to Sanjeev Gupta insolvency hit – Queensland Times

BankruptcyBy Insolvency GuardianApril 7, 2021

Outside the Whyalla steelworks this morning, staff showed mixed feelings about the news that scores of local jobs hang in the balance as creditors seek to seize control of Sanjeev Gupta’s Whyalla steel operations. Welding co-ordinator Tom Mitchell, who has been working directly or indirectly for the steelworks since 1978, said he was still confident…

Is Onkyo, Pioneer Heading For Bankruptcy As D Day Passes? channelnews – ChannelNews

BankruptcyBy Insolvency GuardianApril 7, 2021

As rumors of Onkyo s bankruptcy along with Pioneer, keep swirling around the industry and despite local distributor Ambertech struggling to get stock, Company executives are still telling observers that they have a future. Now as their fiscal year draws to a close on March 31st, the historic Japanese audio firm appears to be breathing…

Whyalla steel works future in doubt over insolvency push – Sky News Australia

BankruptcyBy Insolvency GuardianApril 7, 2021

Whyalla steel works future in doubt over insolvency push | Sky News Australia The best award-winning journalists with unique and exclusive insights. Real news, honest views. Warning – there was an unexpected script error. Application may not work as expected. Warning – assets failed to load. Application may not work as expected. Please enable JavaScript…

Malaysia ex-PM Najib served with bankruptcy notice over $400 million tax bill – swissinfo.ch

BankruptcyBy Insolvency GuardianApril 7, 2021

FILE PHOTO: Former Malaysian Prime Minister Najib Razak reacts during a break at Kuala Lumpur High Court in Kuala Lumpur, Malaysia, February 5, 2020. REUTERS/Lim Huey Teng reuters_tickers This content was published on April 7, 2021 – 04:43 April 7, 2021 – 04:43 KUALA LUMPUR (Reuters) – Malaysia’s former prime minister Najib Razak has been…

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