An analysis of ASIC insolvency data by BDO Australia has revealed a struggling SME retail sector, with recent data finding the highest annual number of business insolvencies on record. According to the firm’s research, ASIC reported that in the first half of the 2024–2025 financial year, there were 7,483 insolvency appointments., a 47.1 per cent…
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NEW DELHI: The Supreme Court of India ordered status quo on liquidation proceedings of Bhushan Power and Steel Ltd (BPSL) pending the verification of the review petition to be filed by JSW Steel. The court asked JSW Steel to file the petition within the prescribed limitation period. A Supreme Court bench, comprising Justice B.V. Nagarathna…
New Delhi: The Supreme Court on Monday ordered a status quo on the liquidation proceedings of Bhushan Power and Steel Ltd (BPSL), giving interim relief to JSW Steel. The verdict came on a plea filed by JSW Steel seeking a stay on the liquidation process initiated by BPSL’s former promoter, Sanjay Singhal. JSW Steel has…
“Without expressing any opinion at this juncture, we find that the interest of justice will be served if the status quo is maintained in the proceedings pending before the NCLT. We clarify that this order of status quo will operate until the consideration of the review petition,” said Justice Nagarathna, according to the Mint. Read…
Africa Delivery Technologies Holding, the Dutch-based parent company of Nigerian logistics startup Kwik, has been declared bankrupt by a court in Amsterdam following a creditor-led legal dispute. The bankruptcy, however, does not directly affect Kwik’s daily operations in Nigeria, where the company continues to serve over 300,000 merchants and recently secured $1 million in new…
HECS debts will increase on June 1 as new indexation is applied. · Source: AAP/Getty Three million Australians with student loan debt will see their balances automatically increase this week when the government’s yearly indexation is applied. HECS-HELP loans get indexed every year on June 1, and this will still apply despite plans to cut…
The Supreme Court on Monday ordered a status quo on the liquidation proceedings of Bhushan Power and Steel Ltd (BPSL), giving interim relief to JSW Steel. The verdict came on a plea filed by JSW Steel seeking a stay on the liquidation process initiated by BPSL’s former promoter, Sanjay Singhal. JSW Steel has been allowed…
Telecompaper We have been keeping professionals in the telecoms industry up-to-date since 2000. Telecompaper is a well respected, independent research and publishing company focussed on the telecommunications industry. tp:news tp:research tp:events Read the original article here