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: 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…
SpiceJet is facing new insolvency claims from three Irish aircraft leasing companies and a former pilot. The parties alleged the airline of defaulting on rent and employment payments, adding to the financial strain as it attempts to resume operations. Three Irish lessors, NGF Genesis Ltd, NGF Charlie Ltd, and NGF Alpha Ltd, have alleged that…
By BEN SHIMKUS, CONSUMER REPORTER FOR DAILYMAIL.COM Published: 18:24 AEDT, 6 March 2025 | Updated: 18:24 AEDT, 6 March 2025 A gun manufacturer, known for its high-end rifles and military-style firearms, has filed for bankruptcy. Just over two years since its launch, Watchtower Firearms, the Texas-based manufacturer, filed for Chapter 11 bankruptcy at the end of last…
Home Business Meet man, a Billionaire, who spent Rs 5500000000 on daughter’s marriage, later declared bankrupt, his brother is richest Indian in… Pramod Mittal’s journey from being a billionaire to declaring bankruptcy highlights the unpredictable nature of wealth and fortune. Pramod Mittal, once counted among the world’s richest individuals, went through a dramatic downfall that…
APUS Zero Emission Faces Provisional Insolvency Update FuelCellsWorks Read the original article here
Interior design firm Casa filed for bankruptcy in a Belgian court on Wednesday, raising questions over the future of the company’s stores and employees in Luxembourg. Casa has eight stores across the Grand Duchy and its latest annual results listed 26 employees in the country in 2023. The Luxembourg stores “will remain open” for the…
The MLT Aikins insolvency and restructuring practice group carried out assignments in 2024 as counsel to debtor companies, lenders and court officers administering insolvency proceedings. Notable highlights are as follows. View pdf version Alberta assignments Tallahassee Exploration Inc. (Receivership)Ryan Zahara and Molly McIntosh acted as counsel to the Orphan Well Association (“OWA”) and the British…
His brother is an Indian billionaire with a net worth of USD 18.5 billion, as per Forbes. Several businessmen were once billionaires, but later they went bankrupt. They had to rely on family income for daily expenses. In this article, we will tell you about the story of one such person, who spent a whopping…
Thomas Alexander Ross, 44, racked up debts into the tens of millions. Most creditors were paid nothing when bankruptcy trustees published their final report in August 2024, as the sale of his assets didn’t even cover what he owed to banks, who get first dibs on any cash raised. So they were horrified to discover…