Australia’s only manganese alloy smelter has been placed into voluntary administration, marking the latest blow for workers and the George Town community after months of uncertainty. Business, Industry and Resources Minister Felix Ellis said the state government would urgently convene the Bell Bay Response Team following the developments with Liberty Bell Bay on Monday. “GFG…
The owner of the Bell Bay manganese smelter in northern Tasmania has entered voluntary administration following an intervention by the corporate regulator earlier this month. Ernst and Young has been appointed as administrator of Liberty Bell Bay (LBB), and says it will work with governments and unions to ensure the smelter’s ongoing operations. It will…
In a significant ruling on corporate insolvency proceedings, the Kochi Bench of the National Company Law Tribunal (NCLT) has dismissed a ₹30 lakh recovery application filed by a company’s liquidator, holding that mere non-reflection of transactions in financial records is not sufficient to establish fraud. Case Background: Liquidator’s Fraud Allegations Under IBC Section 66(1) The…
Elon Musk warns America will ‘1,000%’ go bankrupt, ‘fail as a country’ due to crazy debt — but says there’s a force that can save us. Protect yourself MSN Read the original article here
Cytonn CEO apologises over Sh11bn loss, vows to fight liquidation to the end Business Daily Read the original article here
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Anonymous Donor Gives Hospital a $1 Million Gift to Help Nurses Pay Off Their Student Debt: ‘I Am Just Overwhelmed’ People.com Read the original article here
Anthony Robinson, 44, said he was shocked when he received two hospital bills totaling over $8,000 for kidney stones treatment. The total was after insurance was applied. He began to think about the changes he would need to make in his life to pay. Robinson had not heard of hospital financial assistance policies for essential…
NEW DELHI: The National Company Law Tribunal (NCLT) has allowed the withdrawal of insolvency proceedings against ATS Knightsbridge, a residential project in Noida, following a settlement with lenders under Section 12A of the Insolvency and Bankruptcy Code (IBC). The insolvency case, initiated by ASK Trusteeship Services under section 7 of the IBC in 2023, was…
The National Company Law Tribunal (NCLT) New Delhi Bench has formally dismissed the insolvency proceedings against ATS Heights Private Limited, a move that paves the way for the resumption and delivery of its premium residential project, ATS Knightsbridge, in Noida. The order, delivered on March 13, 2026, permitted the withdrawal of the Corporate Insolvency Resolution…