Judge rules against aged care facility in insolvency case

Islamic Society of Melbourne Eastern Region to be wound up following insolvency ruling. (Unsplash) By Shamsiya Hussainpoor The winding-up case involving the Lysterfield Islamic Society of Melbourne Eastern Region Inc. has recently come to a close, with the court making a significant decision that highlights the challenges not-for-profit organisations face when handling financial insolvency and…

North Bay’s Central Welding & Iron Works is bankrupt

Breadcrumb Trail Links News Local News The local company had employed 50 people; it’s unclear whether they will receive severance Published Mar 05, 2025  •  Last updated 21 hours ago  •  2 minute read The Nugget has learned Central Welding & Iron Works in North Bay is bankrupt. During operation the business had employed 50 people.…

Central Welding is no more after decades in business

Bankruptcy proceedings were initiated in recent months, and court documents show Central Welding was legally declared bankrupt on Feb. 15 in the Ontario Superior Court of Justice A North Bay company in operation for decades has been deemed bankrupt by the court, and its approximately 50 employees have been let go with severance and pension packages in doubt.…

CCI okays JSW Energy’s proposal to acquire KSK Mahanadi Power Company, ET EnergyWorld

The Competition Commission of India on Tuesday cleared JSW Energy‘s proposal to acquire KSK Mahanadi Power Company. “The proposed transaction involves the acquisition of 100% shareholding in KMPCL (which is currently undergoing CIRP initiated under the Insolvency and Bankruptcy Code, 2016), by JSWEL (through JSW Thermal),” the regulator said in a release. JSW Energy Ltd…

Companies News Today Live Updates on March 6, 2025: SpiceJet hit with fresh insolvency claims from Irish lessors and former pilot

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business…