Subsequently, when the matter was taken up on December 11, the ED filed an affidavit before the top court, stating that in view of the peculiar facts and circumstances of the case and without prejudice to the rights and contentions of the ED with regard to the investigation of the case registered against the promoters…
The creditors of failed Queensland vegetable processing business Bunny Bites are unlikely to be paid by the former owners, the Brent family. Bunny Bites was owned by John Brent, and his brother Peter Leonard Brent, when the business went into liquidation in 2013 owing more than $3 million to vegetable growers, wholesalers, and other unsecured…
The Supreme Court on December 13 directed the Enforcement Directorate (ED) to handover to JSW Steel the debt-ridden Bhushan Power & Steel’s properties worth Rs 4,025 crore that were provisionally attached in 2019 in connection with a money laundering probe linked to an alleged bank loan fraud by the erstwhile management. A bench presided…
Flying taxis could reduce an airport commute from 90 minutes to 7. They could better connect small towns to urban areas. Optimistic investors believe they’re the future of urban travel. There’s a lot in the way of making that reality. It comes down to capital. And Lilium, despite raising $1.1 billion since 2021, has run…
New Delhi: The ED has restituted assets worth Rs 4,025 crore of the erstwhile Bhushan Steel and Power Limited to JSW Steel following approval from the Supreme Court, the federal probe agency said on Saturday. JSW Steel was the successful resolution applicant to the assets of the insolvent company under the Insolvency and Bankruptcy Code…
The management company that represents local comedians including Aaron Chen (ABC TV’s Fisk) and Sam Campbell (Taskmaster UK) has gone into administration, leaving dozens without representation — and, in some cases, owed money — four months before Australia’s leading comedy festival kicks off. ABC Arts understands that on November 28 the director of Sydney-based management…
Begbies Traynor jumps as increasing insolvencies boosts profits Proactive Investors Australia Read the original article here
Ukwala Supermarket Announces Final Liquidation Meeting with Creditors MSN Read the original article here
Embattled Crypto Exchange FTX Files for Bankruptcy (Published 2022) The New York Times Read the original article here
In a recent viral X post, Elon Musk brought back to discussion about Bill Gates (Trades, Portfolio)’ short position against Tesla (NASDAQ:TSLA) as a potential cause of bankruptcy for the Microsoft’s co-founder. Traced back, in Walter Isaacson’s 2023 biography of Elon Musk, it is written that Bill Gates (Trades, Portfolio) undisclosed his short position in…