Sally Sara: A wave of business insolvencies is sweeping through the nation’s economy at a level not seen for more than a decade. ASIC expects more than 10,000 companies will enter administration by the end of this financial year as inflation dogs the economy. Some businesses are being squeezed between rising wages and costs and…
Yorkshire and Humber firms account for 10% of administrations last year as national insolvencies rise The Yorkshire Post Read the original article here
MGM Casino Denies Claims Bruno Mars Owes $50 Million Gambling Debt MSN Read the original article here
Germany has reported its highest number of corporate bankruptcies since the global financial crisis of 2009, highlighting the increasing strain on businesses amidst rising costs, high interest rates, and diminishing state support. According to a study conducted by the Halle Institute for Economic Research (IWH), the economic challenges of 2024 led to a surge in…
Shohei Ohtani was the story of the 2024 MLB offseason. How could it be anything else? Ohtani, a two-way sensation, hit free agency after putting up MVP-worthy numbers as a hitter and Cy Young-caliber numbers as a pitcher. After weeks of rumors and rumblings, Ohtani’s next destination was finally decided. After spending six years with the Angels,…
In January, 1986 Dayton bookie Richard “The Skin Man” Skinner secretly recorded a conversation with Cincinnati Reds legend Pete Rose about Rose’s gambling debt to Skinner. Dayton Daily News reporter Wes Hills obtained the recording in 2002 from U.S. District Court in Dayton after it was seized during a raid of Skinner’s home several years…
M Den owner announces company’s bankruptcy ahead of potential sale MLive.com Read the original article here
Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/nclat-rejects-plea-to-stay-insolvency-proceedings-against-indrajit-power-125011200193_1.html” on this server. Reference #18.bef23717.1736667045.34c4f33c https://errors.edgesuite.net/18.bef23717.1736667045.34c4f33c Read the original article here
Mosaic Brands, the company behind Australian fashion brands including Rivers, Katies and Noni B, has entered voluntary administration, putting almost 3,000 jobs at risk. The company, which operates more than 700 retail stores around the country, confirmed the decision in a statement to the Australian Securities Exchange (ASX) on Monday afternoon. It comes after Mosaic…
The National Company Law Appellate Tribunal bench of Justice Ashok Bhushan (Chairperson) and Barun Mitra (Technical Member) has held that the Corporate Debtor, Eurolife Healthcare Pvt. Ltd., retained absolute rights over the disputed 13,000 sq. ft. Cephalosporin Facility as part of the liquidation estate. Brief Facts Maharashtra Industrial Development Corporation (MIDC) executed a 95-year lease…