Hindusthan National Glass and Industries Limited (HNGIL) has written directly to Bira 91‘s parent company B9 Beverages’ major investors warning of potential insolvency proceedings against the craft beer company over unpaid dues of over INR 11 crore. HNGIL has sent the letter to Peak XV Partners, BlackRock, Sofina SA, Kirin Holdings, Tiger Pacific Capital, Anicut…
“Every smartphone is a whole casino.” That is how Chief Superintendent Avi Ayash, head of investigations for Israel Police’s Northern District, describes what he sees as one of the most troubling side effects of the FIFA World Cup, which begins next week. He is warning that the tournament could trigger a surge in online sports…
Minister of Finance Ahmed Kouchouk said Egypt has an ambitious debt management vision focused on diversifying financing sources and instruments and expanding access to global capital markets. Speaking to investors at meetings hosted by Standard Chartered and Morgan Stanley in London, Kouchouk said Egypt is seeking more low-cost development financing to support its economic and…
William Hill owner recommends £243m takeover The Times Read the original article here
In a recent decision, the New Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that assessment proceedings cannot be initiated during operation of moratorium by order of the National Company Law Appellate Tribunal (NCLT). The reassessment proceedings were initiated against the assessee and notice under Section 148 of the Income Tax Act, 1961…
Esoteric Festival has called time. After a rollercoaster year for the beloved fest, which was forced to its cancel 2025 edition at the eleventh hour, festival co-founder and direct Sam Goldsmith confirms the worst. Esoteric Festival Pty Ltd, he explains, has entered voluntary administration with effect from June 11th 2025. “This is by far the…
UK housebuilder forced into liquidation after court order Oxford Mail Read the original article here
One of Belgium’s longest-established logistics groups has collapsed, with its operations carved up between two Belgian rivals after a bankruptcy filing that puts hundreds of jobs at risk. Ziegler Belgium was declared bankrupt at the Brussels Commercial Court on Monday 1 June, ending more than a century of independent operation. Most of its activities have…
Financier to be banned until June 2035 Lex Greensill was a director of three companies within the Greensill Group, which collapsed in 2021 with combined liabilities of more than £1.6 billion In late 2020, he caused the companies to enter into a series of transactions with US construction company Katerra that removed legal protections from…
Unique Fabrics has gone into liquidation. File picture. Photo: 123RF Well-known interior design firm Unique Fabrics has gone into liquidation, the latest in a large number of businesses to fold. It was revealed by Centrix on Wednesday that liquidation numbers remain stubbornly high, even as other credit measures improve. Hospitality liquidations were up 45 percent,…