The Supreme Court on Thursday recalled its May 2, 2025, judgment that ordered the liquidation of Bhushan Power and Steel Ltd (BPSL) after rejecting steel major JSW Steel Ltd’s Rs 19,000 crore bid to acquire it through the Corporate Insolvency Resolution Process (CIRP) route. A bench of Chief Justice B R Gavai and Justice S…
The Supreme Court on Thursday recalled its May 2, 2025, judgment that ordered the liquidation of Bhushan Power and Steel Ltd (BPSL) after rejecting steel major JSW Steel Ltd’s Rs 19,000 crore bid to acquire it through the Corporate Insolvency Resolution Process (CIRP) route. A bench of Chief Justice B R Gavai and Justice S…
The Supreme Court on Thursday recalled its May 2, 2025, judgment that ordered the liquidation of Bhushan Power and Steel Ltd (BPSL) after rejecting steel major JSW Steel Ltd’s Rs 19,000 crore bid to acquire it through the Corporate Insolvency Resolution Process (CIRP) route. A bench of Chief Justice B R Gavai and Justice S…
Property-flipping firm owned by Rickhil Prakash owes IRD nearly $9m BusinessDesk Read the original article here
A growing number of businesses are going belly up in Singapore, with more companies going through compulsory liquidation in the first half of 2025, surpassing figures from the past five years. Compulsory liquidation is a legal process where a company is forced to wind up, usually initiated by creditors through a court order, due to…
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Cash flow problems are a key reason why companies go bust, said liquidators and analysts. This means they do not have enough money coming in to cover what they owe, even if they have assets on paper. Businesses also dealt with rising interest rates between 2022 and 2024, with rates beginning to ease only earlier…
Professional Australian valuers and auctioneers Hymans has revealed it will auction more than 40 prime movers and trailers from Mark’s Linehaul Pty Ltd after the operator entered liquidation. On May 29, the operator appointed administrators, with a notice of deemed special resolution being issued on July 7 to wind up the company. Now, Hymans has…
Revealed: Government courts Virgin as Rex sale drags on The Australian Read the original article here
A company paid more than €720,000 twice by the Health Service Executive (HSE) on foot of the same invoice is now in liquidation. The HSE said it was “engaged with the liquidator to recover and resolve this overpayment, among other matters”. So far the overpayment has not been recouped. The HSE said that, at the…