Petra to Close Finsch Mine, Lay Off More Workers

Petra Diamonds will close its Finsch mine and reduce staff to focus on higher-value stones at Cullinan amid a weak diamond market and currency challenges. Petra will shutter the Finsch mine, which primarily produces smaller diamonds, due to weak market demand and low prices. The company will focus on the Cullinan mine, known for larger,…

Financial Debt vs Operational Debt in Invoice Financing…

The intersection of supply chain financing and insolvency law has increasingly become a fertile ground for jurisprudential debate, particularly concerning the classification of creditors and the validity of unregistered security interests. The National Company Law Tribunal, Amaravati Bench, had occasion to examine these intricate questions in Kushal Finnovation Capital Private Limited v. Rajesh Chillale, Interim…