Simbhaoli Sugars Faces Financial Defaults Amid Insolvency Proceedings – TipRanks
Simbhaoli Sugars Faces Financial Defaults Amid Insolvency Proceedings TipRanks Read the original article here
Simbhaoli Sugars Discloses Loan Defaults Amid Insolvency Proceedings – TipRanks
Simbhaoli Sugars Discloses Loan Defaults Amid Insolvency Proceedings TipRanks Read the original article here
Singapore corporate insolvencies reach highest level since 2010
COMPANIES in Singapore were forced to wind-up in record numbers last year, as compulsory liquidations in the city-state soared. As many as 307 firms were shuttered in 2024, up from 201 the previous year, according to the Ministry of Law. That’s the highest since 2010, the earliest data provided. In January, 38 companies were…
High Court decision impacts how complex structures are liquidated
Pooling orders allow the debts and claims of multiple insolvent companies to be grouped together and treated as one. This enables the liquidator to conduct a single liquidation instead of several separate ones. The rationale behind this is it minimises costs in administrating the liquidation and enhances the distribution of payments to priority creditors, especially…
Modem maker NetComm Wireless faces final curtain as its Nasdaq-listed owner DZS files for bankruptcy after a year of ownership
The 43-year-old company behind Australia’s first dial-up modem is close to a final shutdown after its Nasdaq-listed owner filed for bankruptcy less than a year after a last-ditch acquisition saved it from the scrapheap. NetComm Wireless was once a well-known star of the local technology industry and powered most of the country’s internet connections in…
Adani, Patanjali among 26 firms in race to acquire Jaiprakash Associates
Home » General » Business » Adani, Patanjali among 26 firms in race to acquire Jaiprakash Associates New Delhi, April 6 (SocialNews.XYZ) Billionaire Gautam Adani’s group and FMCG major Patanjali Ayurveda are among 26 companies that have shown interest in acquiring debt-laden Jaiprakash Associates Limited (JAL), which is currently undergoing insolvency proceedings. Jaiprakash Associates, a…
Jaiprakash Associates Insolvency: Anil Agarwal, Gautam Adani in race for bankrupt JAL's acquisition – LIST of 26 bidders – MSN
Jaiprakash Associates Insolvency: Anil Agarwal, Gautam Adani in race for bankrupt JAL’s acquisition – LIST of 26 bidders MSN Read the original article here
Adani, Patanjali Among 26 Firms In Race To Acquire Jaiprakash Associates
New Delhi: Billionaire Gautam Adani’s group and FMCG major Patanjali Ayurveda are among 26 companies that have shown interest in acquiring debt-laden Jaiprakash Associates Limited (JAL), which is currently undergoing insolvency proceedings. Jaiprakash Associates, a key player in sectors like real estate, cement manufacturing, hospitality, and engineering & construction, was admitted into the Corporate Insolvency…
Body Shop NZ enters liquidation with store closures and job losses
Cosmetics and beauty retailer The Body Shop’s operations in New Zealand have entered liquidation, resulting in the cessation of all storefront operations and the loss of 70 jobs. An announcement on The Body Shop’s website confirms that all bricks-and-mortar locations have ceased operations indefinitely, and the online store has halted order fulfilment. A statement on…
BRIPAN, Federal High Court partner on business insolvency
1 total views today By Rukayat Moisemhe The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has partnered with the Federal High Court to streamline processes within the insolvency division and enhance the administration of business recovery in the country. BRIPAN President, Mr Chimezie Ihekweazu, disclosed this in a communiqué made available to the…