The National Company Law Tribunal’s (NCLT’s) Hyderabad bench has declared GVK Power and Infrastructure Ltd (GVKPIL) as bankrupt and initiated corporate insolvency resolution process (CIRP) for defaulting on a loan of Rs 18,000 crore (including interest) to ICICI Bank and a some other lenders. GVKPIL is the flagship firm of the GVK group. The loan…
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14 Aug 2024 Slot Hoarding: What is it and could it have contributed to Rex airlines going into administration? Consumer Affairs, News & Politics, Travel LISTEN TO PODCAST NOW https://joy.org.au/joydrive/wp-content/uploads/sites/489/2024/08/JD-X-Doug-Drury-X-Slot-Hoarding-X-12-August-2024.mp3 Podcast: Play in new window | Download (Duration: 8:13 — 9.4MB) Subscribe or Follow Us: Apple Podcasts | Spotify | RSS … Read the original…
Katie Price has arrived at the Royal Courts of Justice in London for a hearing related to her bankruptcies following her arrest at Heathrow Airport. The former glamour model arrived on foot through the main entrance wearing a beige outfit and black head covering on Friday, surrounded by photographers, ahead of a hearing due to…
645 real estate firms “rescued” under insolvency process: IBBI chief MSN Read the original article here
Byju’s US lenders appeal insolvency-quashing order before India’s top court Reuters India Read the original article here
An Aussie tech start-up that sensationally collapsed with debts of more than $12 million was losing money since its inception, according to the liquidator’s report. E-Mersion Media, based in Melbourne and with offices also in the UK, captured investors’ interest with its “innovative” idea of digitising traditional print magazines. But the media-tech business only managed…
Text size The Czech Republic’s biggest steelworks Liberty Ostrava, part of Indian-British billionaire Sanjeev Gupta’s business empire, was sent into bankruptcy by a court on Friday. Liberty Steel Group, part of Gupta’s GFG Alliance, said earlier this month it had put its operations in the eastern Czech steel hub of Ostrava up for sale, citing…
Edinburgh-based BusTech SA, together with its Queensland counterpart, appointed a voluntary administrator on August 12. BusTech SA was party to an $11.75 million state government contract announced in January, in which it would supply vehicle bodies, with Scania to build the chassis. Transport Minister Tom Koutsantonis said he was concerned about BusTech’s situation. “I’m very…
Bradley Wiggins has offered the most detailed insight so far into the financial troubles that led to a declaration of bankruptcy, suggesting the issues took hold during his racing career when he admits assuming money “was going to be there forever.” Speaking on WEDŪ’s The Forward w/Lance Armstrong podcast, after being a guest commentator throughout…