Appellate tribunal NCLAT has dismissed the plea against the acquisition of Vadraj Cement by Nirma group cement business Nuvoco Vistas Corporation during an insolvency resolution process. The Delhi-based principal bench of NCLAT has upheld the previous order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which on April 1, 2025, approved…
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TAMPA, Fla. — More than 100 local senior citizens are scrambling to find new homes after their senior living facility declared bankruptcy. The ABC Action News I-Team has uncovered financial troubles at the facility date back years and some of the residents being kicked out invested hundreds of thousands of dollars. “I’m pretty upset about…
What Is a Receivership? Receivership and bankruptcy are often misunderstood mechanisms in the realm of financial recovery. While both aim to address financial distress, they serve distinct roles. Receivership allows a court-appointed neutral receiver to manage a company’s assets to prevent bankruptcy, aiding creditors and distressed companies alike. In contrast, bankruptcy offers debtor protection from…
New Delhi: The CBI has filed a case against Reliance Communications and its promoter director Anil Ambani, for an alleged bank fraud that caused a loss of over Rs 2,000 crore to State Bank of India, officials said on Saturday. The agency is carrying out searches at the residence of Anil Ambani and premises linked…
A disparate collection of steelworks in Australia, the UK, Romania and the Czech Republic at the start of the year had two things in common: they were part of the metals empire of Sanjeev Gupta, and they had fallen silent. The idling plants were emblematic of the tycoon’s struggles. Born in India before starting a…
The U.K.’s third-largest steelworks has been placed under government control, creating an uncertain future for nearly 1,500 workers at the Speciality Steels UK (SSUK) operations in Rotherham and Stocksbridge in South Yorkshire, reports BBC News. The company, which uses scrap metal to manufacture steel, is owned by Liberty Steel, in turn owned by controversial tycoon…
Specialty Steel UK sent to liquidation due to insolvency Andrii Vodianyi Senior editor 18:08 Sanjeev… Read the original article here
Argo Blockchain Stock Plunges Deeper as Insolvency Fears Intensify CCN.com Read the original article here
Contracting company KDR Venlo has been declared bankrupt. Local Limburg media report that creditors filed for the bankruptcy of the business, which employed two people. The company was active in greenhouse roof cleaning, both in the Netherlands and abroad. KDR Venlo B.V.…