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Jaiprakash Associates Ltd announced that it has received five bids along with earnest money for the acquisition of the company in its entirety. In a regulatory filing, the company said, “…we wish to inform you that in response to the request for resolution plan issued in the corporate insolvency resolution process of Jaiprakash Associates Limited…
VAILO was the naming rights sponsor of the Adelaide 500. As part of the deal, the South Australian-based company supplied lighting equipment for the Adelaide Supercars finale, some of which have been listed on Lloyds Auctions. Four LED digital mobile display trailers that were used around the Adelaide parklands circuit are for sale between $32,500…
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The world’s largest sportswear company will be in court next week as it seeks nearly $250,000 it claims it is owed by a collapsed Australian surf retailer. SurfStitch, which touts itself as the country’s number one online surf and fashion store, fell into administration earlier this month after Nike Australia filed a winding up order…
Liquidators for embattled Victorian publisher Shawline have confirmed hundreds of authors and the tax office are owed more than $800,000. The Ballarat-based business is in liquidation amid claims of unpaid royalties and dishonoured contracts and affected authors are losing hope of clawing back their share of the $840,000 debt. It is expected none of them…
Another huge retail chain liquidating after Chapter 11 bankruptcy MSN Read the original article here
Alexandr Vakiy and Max Bulgakov came to live in Ireland in the late 1990s at the age of 24. Both from Ukraine, they quickly went into business together, and over the years that followed, they built a nationwide chain of grocery stores and a wholesale distribution business with annual revenues of €33 million. …
Jaiprakash Associates Acquisition Resolution Plans: 5 bids received! Adani Enterprises, Vedanta, Jindal Power in fray ET Now Read the original article here
Monster and CareerBuilder, once dominant job search platforms of the dot-com era, have filed for bankruptcy, a report by CNN said on Tuesday. The two companies, which merged last year into Monster + CareerBuilder, announced they will sell parts of their businesses to multiple buyers through a court-supervised process. Jeff Furman, CEO of the merged…