Lawyer and politician Lim Tean declared bankrupt

SINGAPORE: Lawyer and opposition politician Lim Tean has been declared bankrupt, according to a notice published in the government gazette on Friday (Apr 10).  The bankruptcy order was made effective on Apr 2. He will have his bankruptcy estates managed by trustees Lau Chin Huat and Yeo Boon Keong of Technic Inter-Asia. Lim, a veteran lawyer…

Betz insolvency exposes weaknesses in German transport

Preliminary insolvency proceedings were opened for logistics service provider Betz International on 7 April 2026, the local court in Tübingen announced. Attorney Dr. Dirk Poff has been appointed as the provisional insolvency administrator. He is now to examine whether the business can be continued and whether investor solutions can be implemented. The company, headquartered in…

Jaiprakash Gaur backs Adani Group’s takeover of JAL; expresses confidence in Gautam Adani

Jaypee Group Founder Jaiprakash Gaur on Friday expressed support for the Adani Group’s takeover of his insolvent flagship company Jaiprakash Associates Ltd, stating that he has full confidence in Gautam Adani’s leadership to take the company forward.  The statement comes amid an ongoing legal tussle, days after Anil Agarwal of Vedanta Ltd.  claimed that Gaur had preferred his group as…