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In a boost to corporate resolutions under the Insolvency and Bankruptcy Code (IBC), the Supreme Court on Friday (September 26) approved Sajjan Jindal-led JSW Steel’s $2.3 billion acquisition of Bhushan Power and Steel (BPSL), reversing its earlier rejection of the deal. The court also dismissed creditors’ demand for an additional ₹6,100 crore, clearing the way…
Major St. Petersburg banana importer declared bankruptcy. The Arbitration Court of St. Petersburg and the Leningrad region has declared LLC Troya Import insolvent. The company, once one of the city’s largest importers of bananas and other fruits with multi-billion-ruble revenues, has been placed under bankruptcy proceedings. The court-appointed administrator, Andrey Enkov, must submit a…
In a boost to corporate resolutions under the Insolvency and Bankruptcy Code (IBC), the Supreme Court on Friday (September 26) approved Sajjan Jindal-led JSW Steel’s $2.3 billion acquisition of Bhushan Power and Steel (BPSL), reversing its earlier rejection of the deal. The court also dismissed creditors’ demand for an additional ₹6,100 crore, clearing the way…
#Ethiopia’s President Taye Atske Selassie urges Africa debt relief & UN reform at #UNGA Ethiopian President Taye Atske Selassie has called for urgent reforms of the global financial system, stressing the critical need to address #Africa’s growing debt crisis. S facebook.com Read the original article here
Mohammed Rashidzadeh obtained a £50,000 Bounce Back Loan for his business but almost immediately transferred the money from his company account to buy a house in Huddersfield Rashidzadeh applied to close down Cozy Bed Ltd through Companies House within eight days of receiving the funds, while deliberately failing to notify the bank that lent him…
In Conversation with Srividhya Sridhar, Head Legal, Vivriti Capital: Insights on the IBC Amendment Bill 2025 BW Legal World Read the original article here
Greek Premier Says Momentum Behind EU Joint Debt for Defense Bloomberg.com Read the original article here
Heartstopper for gym tech startup backed by big money The West Australian Read the original article here
Paris – The Paris Commercial Court kept the French subsidiary of low-cost jewellery retailer Claire’s in receivership on Thursday. This decision followed the submission of a takeover bid from three companies, which was deemed “very minimalist” by lawyers for the staff representatives. The court opened receivership proceedings for Claire’s France at the end of July.…