The Delhi bench of the National Company Law Tribunal (NCLT) has recently allowed the first motion application filed by Jakson Limited and Jakson Powergen Limited for a proposed demerger. Under the scheme, Jakson Limited is the demerged company, and Jakson Powergen Limited is the resulting company. The bench directed Jakson Limited to convene meetings of…
NCLAT upholds NCLT”s order for insolvency proceedings against Nyka Steel”s personal guarantor, Asif Ahmed Siddique, over UCO Bank dues, citing IBC provisions. New Delhi, Aug 15 (PTI) The National Company Law Appellate Tribunal (NCLAT) has upheld an order passed by the NCLT, directing insolvency proceedings against a personal guarantor of Mumbai-based Nyka Steel. A two-member…
Sometimes, it can be hard giving up life’s little luxuries. This time last year, even as he was trying to stave off bankruptcy, failed hotel owner Jon Adgemis was still living the high life. Holed up in luxurious digs in Bondi in Sydney’s east, Adgemis was forking out more than $60,000 a month in rent…
REVEALED: Latest business liquidations in Monash Herald Sun Read the original article here
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Investor says Topo Designs can’t pay debts, seeks receiver for control of company The Business Journals Read the original article here
Aug 15, 2026 – 5.00am Jon Adgemis, Australia’s biggest bankrupt since Alan Bond, is fighting to keep the details of his financial collapse secret. Last week, he thought he was winning. He’d succeeded in delaying his appearance at a bankruptcy hearing that is examining the $1.8 billion implosion of his hospitality empire. And the Federal…
Malcolm Wright Associates Limited wound up in the public interest following an Insolvency Service investigation. Company left overseas freight businesses with unpaid debts totalling more than $508,000 (US), €334,000 and £25,000. The company was shut down following a hearing at the High Court in Manchester on 11 August 2026. A Leeds-based freight business has been shut…
BFG Supply is preparing to file for chapter 11 in the coming weeks, according to sources. The greenery company is expected to conduct a sales process in court with proceeds used to pay creditors, including lender Ares Management, the sources said. The…
GVK Power Q1 Results: Standalone profit of ₹9 lakh, auditors issue disclaimer scanx.trade Read the original article here