Jaiprakash Associates update: About half a dozen companies, including Adani Enterprises, Vedanta and Jindal Power, have submitted resolution plans to acquire Jaiprakash Associates through an insolvency process, PTI reported, quoting sources. On Tuesday, PTI reported that sources had said that billionaire Gautam Adani’s group firm, Adani Enterprises; mining mogul Anil Agarwal’s Vedanta; Dalmia Bharat Cement;…
Adani Enterprises, Vedanta, and Jindal Power are among companies vying to acquire Jaiprakash Associates through insolvency proceedings. The bid includes significant real estate and infrastructure assets. New Delhi, Jun 25 (PTI) About half a dozen companies including Adani Enterprises, Vedanta and Jindal Power have submitted resolution plans to acquire Jaiprakash Associates through an insolvency process,…
Insolvency Department aims to release 200,000 from bankruptcy by end of 2025 NST Online Read the original article here
This Premier League star who played for Newcastle and Fulham declared bankrupt NationalWorld Read the original article here
The rate of business closures in Australia has reached a four-year high, with higher cost of living pressures facing households contributing to more companies shutting up shop. Data released by debt-monitoring firm CreditorWatch showed the failure rate of businesses rose to 5.04 per cent in October — the highest since the peak of the COVID-19…
Home Business Big relief to Vodafone-Idea amid insolvency threat as govt mulls options on Rs 840000 crore debt, says only two ways to… The Union government sees two only methods to help save Vodafone-Idea (Vi) from insolvency. (File) In a major relief for Vodafone Idea (Vi)– India’s third-largest telecom services provider– the Central government is…
Earlier in April, as many as 25 companies shared their interest in acquiring Jaiprakash Associates Ltd ( JAL ). Apart from this, earlier this month, lenders of JAL extended the deadline for submission of resolution plans to June 24 following the request of prospective bidders. Read the original article here
The recent decision by the full bench of the Gauteng Division of the High Court in Ellison v Breytenbach N.O and Another (A278/2022) [2025] ZAGPPHC 565 (5 June 2025) sheds light on how South African courts handle the recognition of foreign insolvency judgments. The appellant was declared bankrupt in the UK in 2000 (UK bankruptcy…
SEATTLE – The city of Cle Elum, Washington, filed for bankruptcy Tuesday after failing to reach a deal with a developer over a $26 million debt stemming from a legal dispute over a long-delayed housing project. In a declaration with the U.S. Bankruptcy Court for the Eastern District of Washington, Cle Elum Mayor Matthew Lundh…
Roberts Co Tycoon Andrew Roberts has proposed a deal for his collapsed building empire that will see him tip in about $20m to pay staff, but some tradies and larger creditors are likely to be short-changed in the fallout from the construction company’s insolvency. The son of Multiplex founder John Roberts will exit his costly…