NEW DELHI: Lenders of Jaiprakash Associates have approved budgeted cash outflow of Rs 936.27 crore for the current quarter to ensure that the company remains as a going concern. Jaiprakash Associates, which is facing insolvency proceedings, also informed that the Enforcement Directorate initiated searches on May 23 and the company is cooperating with the agency.…
JSW Steel’s legal battle over the Bhushan Power and Steel (BPSL) resolution continues, as the Supreme Court is set to hear the company’s review petition today. The petition challenges the apex court’s May 2 verdict, which dismissed JSW Steel’s Rs 19,300 crore resolution plan for the acquisition of BPSL, reported Moneycontrol. The case stems from…
NCLAT: Resolution Professional can only File Application for Avoidance of Preferential Transactions u/s 43 of IBC Taxscan Read the original article here
Firm Appointee/Solicitor Role Company Name Published Date RSM Jerome Mohen administrator Supersett Constructions Pty Ltd (Administrators Appointed) 26/05/2025 Hall Chadwick Aaron Dominish liquidator Mobile Pipe Solutions Ltd (In Liquidation) 23/05/2025 Hamilton Murphy Advisory Stephen Dixon liquidator Split Horizon Pty Ltd 22/05/2025 WA Insolvency Solutions Jimmy Trpcevski liquidator Loop2 Digital Pty Ltd 22/05/2025 Worrells Mervyn Jonathan…
Three England Rugby Legends Declared Bankrupt in the Last Year – Page 2 of 3 Ruck.co.uk Read the original article here
An Aussie IT manager has detailed the startling string of events that led her into bankruptcy and how she managed to turn things around and become a successful investor and homeowner. Liz Porter was told she would never amount to anything and, by her 20s, was spiralling – emotionally broken, flat broke and branded a…
Letter: Papal call for debt relief is about pragmatism, not charity Financial Times Read the original article here
The 113 carat gem-quality white diamond found at Lulo. Image: Lucapa Diamond Company KordaMentha has been appointed as voluntary administrators to Lucapa Diamond Company, owner of the Merlin diamond mine in the Northern Territory. Lucapa first acquired Merlin in 2021 for $8.5 million, marking the project as the second Australian prospect to join the company’s…
The Insolvency and Bankruptcy Board of India (IBBI) has made it mandatory for resolution professionals (RPs) to inform the national company law tribunal (NCLT), if a personal guarantor fails to submit a repayment plan. The new rule will effectively increase the accountability of personal guarantors, make it difficult for them to escape culpability. “Where no…
In the lead-up to the United Kingdom’s famous Glastonbury festival this summer, well-heeled partiers shelled out for fancy “glamping” yurts — those tent-like dwellings with ancient origins in Central Asia that have been appropriated by hippies in recent decades — and the people who took their money are now telling them they’re out of luck. As the…