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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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…
New Delhi: The Supreme Court will on Monday hear a plea filed by JSW Steel Ltd, seeking a review of the court’s 2 May judgment that quashed the company’s ₹19,300 crore resolution plan for Bhushan Power and Steel Ltd (BPSL) and ordered the firm’s liquidation. The review petition names former BPSL promoter Sanjay Singhal, whose…
New Delhi, May 25 (PTI) 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…
The Corporate Insolvency and Governance Act 2020 (CIGA or the Act) has introduced new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis. CIGA came into force on June 26, 2020 after a speedy progression through Parliament, following the publication of…
To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a…
A federal court judge in Michigan has placed the once-promising electric truck brand Bollinger Motors’ assets into receivership following claims that the company’s owners still owe its founder, Robert Bollinger, more than $10 million. UPDATE: Bollinger CEO, Bryan Chambers, says all is not lost. Last week, we wrote about a multimillion dollar lawsuit that had…
Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email Glastonbury-bound glampers have been left ticketless after spending thousands of pounds with a luxury yurt company that is now in liquidation. Yurtel, a glamping provider based in Corsham, ceased trading on…