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‘Hard-wired to make losses’: Whyalla steelworks bleeding $1.5m a day MSN Read the original article here
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Property owners homeless after joint ventures gone wrong BusinessDesk Read the original article here
Former shareholder disputes claims made to liquidator The Press Read the original article here
The National Company Law Tribunal (NCLT), New Delhi, has approved the Rs 41.26-crore resolution plan submitted by The Statesman Limited for the debt-ridden United News of India, or UNI. The plan, which received 100% voting approval from the Committee of Creditors (CoC), aims to revive the second-largest news agency in the country. Background The Corporate Insolvency Resolution Process…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
The Insolvency and Bankruptcy Board of India (“IBBI”) has recently notified several key amendments[1] in the CIRP Regulations[2], which aim to further streamline CIRPs[3] with special focus on real estate (RE) projects. These amendments give a formal effect to the recommendations/ suggestions that were proposed in the IBBI’s discussion paper, dated November 7, 2024, with…
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The Australian Workers’ Union is outraged by the sudden announcement that Oceania Glass will terminate approx. 40 workers as early as tomorrow, with administrators moving to liquidate the business while leaving employees without their rightful entitlements. In a stunning display of corporate callousness, administrators have blindsided AWU members who now face the prospect of months…