Created: Jul 08, 2025 07:57 AM Rhys Williams, of law firm Conyers (File photograph) A Supreme Court ruling that allowed the sale of US Holdings Ltd’s main asset before liquidation is being hailed by legal experts as a turning point in how Bermuda’s courts oversee high-stakes decisions made by insolvency professionals. The controversial deal, worth…
According to Ashok Jain, a director at Borosil Renewables, the Indian glass manufacturer that has been the company’s majority shareholder since October 2022, demand for its products fell as low as 40% of its production output at the beginning of this year. GMB filed for insolvency last Friday (4 July) and its operations will now…
Matilda Omonaiye/ A Federal High Court sitting in Lagos has been asked to compulsorily wind up Allianz Energy and Oilfield Support Limited over its alleged inability to pay an outstanding debt of N62.1 million owed to a maritime firm. The winding-up petition was filed by Pier Dredging and Marine Technologies Limited, which claims the debt…
Solvency Ratios vs. Liquidity Ratios: An Overview Solvency and liquidity are both terms that relate to an enterprise’s state of financial health but with some notable differences. Solvency refers to an enterprise’s capacity to meet its long-term financial commitments. Liquidity addresses an enterprise’s ability to pay short-term obligations and a company’s capability to sell assets…
GAC Fiat Chrysler Automobiles joint venture declared bankrupt Global Banking | Finance | Review Read the original article here
Revealed – how many insurance companies are failing Insurance Business America Read the original article here
Revealed – how many insurance companies are failing Insurance Business America Read the original article here
Anil Ambani Was Once The 6th Richest Man Of The World, Went Bankrupt, But Never Let Go Of This Priceless Possession…. NewsX Read the original article here
Adani Power has completed the acquisition of Vidarbha Industries Power (VIPL) for Rs 4,000 crore, the company said on Tuesday.VIPL is a 2×300 MW domestic coal-fired power plant located in Butibori in Nagpur district of Maharashtra. The company was undergoing the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC). On June 18,…
GAC Fiat Chrysler Automobiles joint venture declared bankrupt The Standard (HK) Read the original article here