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New Delhi: JSW Steel has transformed Bhushan Power & Steel Ltd (BPSL) into a viable and going concern after acquiring it out of bankruptcy in 2021, and its liquidation would have adverse ramifications on all stakeholders, the Sajjan Jindal-led steelmaker and BPSL’s lenders told the Supreme Court. They also sought an ‘open court’ hearing of…
The Court erred in holding its resolution plan as non-compliant with Sections 30(2) and 31(2) of the Insolvency and Bankruptcy Code, leading to an erroneous rejection of the plan, it has been stated. The company has also alleged that there was a violation of principles of natural justice. According to the petition, JSW was not…
Corporate bankruptcies in Germany were at their highest level in a decade in the first half of 2025, as firms in Europe’s largest economy struggle with weak demand, rising costs and uncertainty, a study by economic tracking agency Creditreform has showed. Some 11,900 corporate insolvencies were registered in the first six months of this year,…
Australian online retailer SurfStitch has been placed into administration and is facing legal action from sportswear behemoth Nike amid claims it is owed almost $240,000. A notice lodged with the corporate regulator revealed SurfStitch, which was only recently sold by Alquemie Group, had been placed into voluntary administration earlier this month. Edwin Narayan and Domenic…
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JSW approaches Supreme Court seeking a review of its May 2 judgment. File JSW Steel has approached the Supreme Court seeking a review of its May 2 judgment, which rejected the resolution plan submitted by the company for Bhushan Power and Steel Ltd. (BPSL) and directed the initiation of liquidation proceedings. Also Read | NCLT…
Corporate bankruptcies in Germany were at their highest level in a decade in the first half of 2025, as firms in Europe’s largest economy struggle with weak demand, rising costs and uncertainty, a study by economic tracking agency Creditreform showed on Thursday. Some 11,900 corporate insolvencies were registered in the first six months of this…
Alpha DX Group Limited: No New Developments in Liquidation Process TipRanks Read the original article here
A petition on behalf of HMRC was lodged at Dunfermline Sheriff Court on June 20 asking that Bluelime Marketing Ltd be wound up and a liquidator appointed. The firm has links with Neville Taylor and a correspondence address at Dunnock Road in the city. To date, around 20 firms with the same correspondence address in…