NCLAT dismisses Vedanta’s plea to halt Adani’s resolution plan for Jaiprakash Associates

The CoC comprised 27 members, including banks, financial institutions and a class of homebuyers. A total of 28 expressions of interest were received during the process, of which 25 prospective resolution applicants were shortlisted. Ultimately, six bidders submitted resolution plans, including Adani Enterprises Limited, Vedanta Limited, Dalmia Cement (Bharat) Limited, Jindal Power Limited, PNC Infratech…

Ascend Airways Liquidation Cancels All Flights, UK Airline Cites Insurmountable Fuel Costs for Collapse

A UK-based airline has abruptly ceased operations, cancelling all scheduled flights and entering liquidation after what insiders describe as ‘unsustainable fuel and operating costs’, leaving staff jobless and raising fresh concerns over the stability of the aviation sector with the ongoing fuel shortages due to the Iran war. The carrier, identified as Ascend Airways, halted…

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A.H. Beard enters voluntary administration as manufacturing sector faces mounting pressure

Image credit: Australian Made Australian mattress manufacturer A.H. Beard has entered voluntary administration, according to a statement from the company, drawing concern across Australia’s manufacturing sector as industry stakeholders point to broader manufacturing cost pressures and import competition affecting local production. In a media release, Australian Made Campaign Limited said the development is a significant…