Retailing giant Peter Stevens Motorcycles has collapsed, but there are high hopes of finding a new owner. Three voluntary administrators have been appointed for the 55-year-old iconic stores, including a Dandenong outlet. According to administrators at KordaMentha Restructuring, Peter Stevens employs a 400-strong workforce with a $250 million annual turnover. Administrator Craig Shepard said on…
The future of StrongRoom AI remains up in the air as legal action, its administration and a potential sale all drag on Startup Daily Read the original article here
The National Company Law Tribunal (NCLT), Delhi on Tuesday (May 27, 2025) deferred hearing on Bhushan Power and Steel case (BPSL), after the Supreme Court ordered status quo in the liquidation proceedings against the company pending before the NCLT. On Monday, hearing a petition filed by JSW Steel, Supreme Court ordered status quo on Bhushan…
KUALA LUMPUR (May 27): The High Court on Tuesday has ordered for the compulsory winding up of TH Heavy Engineering Bhd (THHE), as it allowed petitions from creditors Globalmariner Offshore Sdn Bhd, Boomslang Technology Sdn Bhd (previously known as Blackstone Technology Sdn Bhd), and Dynac Sdn Bhd. Judge Atan Mustaffa Yussof Ahmad agreed with the…
Dozens of Florida homebuyers have been left in limbo after builder Van Der Valk Construction filed for bankruptcy in late April, before it had finished many of the properties on which it was working. Many of these unfinished homes were to be their owners’ retirement havens, a dream they had spent all their life savings…
State-owned fibre network operator Broadband Infraco is in financial disarray, having been declared technically insolvent since the start of the 2024/25 financial year. Broadband Infraco provides long-distance national and international connectivity to private sector partners and is mandated to provide universal Internet access to South Africa as part of the SA Connect programme. In February,…
NCLAT directs NCLT to promptly decide stay on EoI for Jaiprakash Power, Jaypee Fertilisers The Economic Times Read the original article here
The National Company Law Tribunal (NCLT) on Tuesday deferred liquidation proceedings for Bhushan Power and Steel Ltd (BPSL) till August, following a 26 May Supreme Court order directing status quo in the matter. “In the wake of the Supreme Court order, hearing stands deferred till 1 August,” the NCLT-Delhi said. The Supreme Court on Monday…
Navigating Private Credit In The Middle East – Corporate and Company Law – Worldwide …
Gambler caught with £159k of cannabis in Audi as he tried to repay loan sharks Stoke on Trent Live Read the original article here