Motorcycle accessories supplier Polo has once again filed for insolvency under its own administration and intends to continue business operations under the protection of insolvency law. Despite economic difficulties, the stores remain open and employees’ wages are secure for the time being. Insolvency under self-administration since November 18, 2025 Around 700 employees in Germany, wages…
Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/adani-group-wins-lenders-vote-to-take-over-jaiprakash-associates-125111900841_1.html” on this server. Reference #18.d1672817.1763628607.50df74c8 https://errors.edgesuite.net/18.d1672817.1763628607.50df74c8 Read the original article here
Billionaire businessman Gautam Adani-promoted Adani Enterprises said on Wednesday that the creditors of the bankrupt infrastructure firm Jaiprakash Associates have approved its takeover proposal. The company did not disclose its bid value. Upon takeover, Adani Enterprises will have control over Jaiprakash Associates’ business spanning seven industries that had reported over ₹6,500 crore in revenue and…
Former Provogue director alleges ₹90-crore fraud during insolvency as police and EOW begin probe | Representational Image Mumbai, Nov 19: A complaint has been filed by Nikhil Chaturvedi, former Director of Provogue India Ltd., alleging a massive financial fraud during the company’s insolvency and liquidation proceedings during 25 September 2018 to 25 April 2023. FIR…
Adani Enterprises Ltd (AEL), the flagship firm of Gautam Adani, has secured creditor approval for its Rs 14,535 crore bid to acquire the bankrupt Jaiprakash Associates (JAL). The Adani Group company outbid Vedanta and Dalmia Bharat in the race for the infrastructure group. “This is to inform that the Committee of Creditors (CoC) of JAL,…
NCLT admits Canara Bank’s insolvency petition against KTPL, initiating CIRP over a reported ₹330.40 crore loan default | Representative Image Mumbai, Nov 19: The National Company Law Tribunal (NCLT) has admitted an insolvency petition filed by Canara Bank against Karanja Terminal & Logistics Private Limited (KTPL), thereby commencing the Corporate Insolvency Resolution Process (CIRP) under…
From unwavering leadership to billion-dollar bankruptcy: Understanding the collapse of Oi. A Brazil’s largest operator went bankrupt. In a conclusion that brings to a close one of the longest and most turbulent attempts at judicial recovery in the country. The trajectory of the Oi group is a complex case study, marked by ambition, power, and…
New Delhi, Nov 19 (PTI) Business tycoon Gautam Adani has won the approval of creditors of Jaiprakash Associates (JAL) for its Rs 14,535 crore acquisition proposal for the bankrupt infrastructure group. Adani Enterprises, the flagship firm of Adani Group, outbid Vedanta and Dalmia Bharat to win the bid for JAL. “The Committee of Creditors (COC) of Jaiprakash…
Adani’s Rs 14,535 cr bid for Jaiprakash Associate gets lenders’ nod Press Trust of India Read the original article here
Holly Willoughby’s media company has had winding-up proceedings against it dismissed at a specialist insolvency court. Roxy Media, the media production and management firm directed by the TV presenter and her husband, Dan Baldwin, was issued with a winding-up petition by His Majesty’s Revenue & Customs (HMRC) in January which could have led to the…