The 113 carat gem-quality white diamond found at Lulo. Image: Lucapa Diamond Company KordaMentha has been appointed as voluntary administrators to Lucapa Diamond Company, owner of the Merlin diamond mine in the Northern Territory. Lucapa first acquired Merlin in 2021 for $8.5 million, marking the project as the second Australian prospect to join the company’s…
Reliance General Insurance net profit rises 12.5% to Rs 315 crore in FY25; eyes growth under new promoter IIHL MSN Read the original article here
JSW Steel SC Plea: After having noted JSW Steel’s resolution plan pertaining Bhushan Power and Steel Ltd (BPSL) to be in “flagrant violation” of the Insolvency and Bankruptcy Code (IBC), the Supreme Court will hear a plea filed by the steel major seeking a review of the apex court’s judgement dated May 2, 2025. The…
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Motorbike retailer Peter Stephens Motorcycles collapses Inside Retail Australia Read the original article here
By MATT JONES FOR DAILY MAIL AUSTRALIA Published: 14:44 AEST, 20 May 2025 | Updated: 23:48 AEST, 20 May 2025 A well-known motorcycle retailer with dozens of outlets across Australia has gone bust, with up to 400 workers now facing unemployment. Peter Stevens Motorcycles entered voluntary administration on Monday, 55 years after it was founded…
The looming collapse of an Australian motorcycle giant is a direct result of falling consumer confidence amid a cost of living crisis. News that dealer giant Peter Stevens Motorcycles fell into voluntary administration rocked the motorcycle industry this week. But it’s bigger than that, representing a warning shot for the economy as a whole. Motorcycle…
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Loss-Making Lucapa Forced into Administration IDEX Online Read the original article here
The insolvency appellate tribunal has directed the NCLT to promptly decide on the stay of the process of inviting Expression of Interest (EOI) regarding two Jaiprakash Associates group’s investments in Jaiprakash Power Venture and Jaypee Fertilisers & Industry. In an order on April 29, 2025, the Allahabad bench of the National Company Law Tribunal stayed…