Retailing giant Peter Stevens Motorcycles has collapsed, but there are high hopes of finding a new owner. Three voluntary administrators have been appointed for the 55-year-old iconic stores, including a Dandenong outlet. According to administrators at KordaMentha Restructuring, Peter Stevens employs a 400-strong workforce with a $250 million annual turnover. Administrator Craig Shepard said on…
The future of StrongRoom AI remains up in the air as legal action, its administration and a potential sale all drag on Startup Daily Read the original article here
The National Company Law Tribunal (NCLT), Delhi on Tuesday (May 27, 2025) deferred hearing on Bhushan Power and Steel case (BPSL), after the Supreme Court ordered status quo in the liquidation proceedings against the company pending before the NCLT. On Monday, hearing a petition filed by JSW Steel, Supreme Court ordered status quo on Bhushan…
KUALA LUMPUR (May 27): The High Court on Tuesday has ordered for the compulsory winding up of TH Heavy Engineering Bhd (THHE), as it allowed petitions from creditors Globalmariner Offshore Sdn Bhd, Boomslang Technology Sdn Bhd (previously known as Blackstone Technology Sdn Bhd), and Dynac Sdn Bhd. Judge Atan Mustaffa Yussof Ahmad agreed with the…
NCLAT directs NCLT to promptly decide stay on EoI for Jaiprakash Power, Jaypee Fertilisers The Economic Times Read the original article here
The National Company Law Tribunal (NCLT) on Tuesday deferred liquidation proceedings for Bhushan Power and Steel Ltd (BPSL) till August, following a 26 May Supreme Court order directing status quo in the matter. “In the wake of the Supreme Court order, hearing stands deferred till 1 August,” the NCLT-Delhi said. The Supreme Court on Monday…
Navigating Private Credit In The Middle East – Corporate and Company Law – Worldwide …
The shares of steel manufacturer JSW Steel led by Sajjan Jindal gained as much as 2. 68 per cent to Rs 979.75 after the Supreme Court ordered to maintain the status quo on the Bhushan Power and Steel Ltd. This marked the biggest intraday gain since May 12 this year. The counter has risen 14.5…
JSW-Bhushan Steel saga: The infamous “dirty dozen” and the future of IBC Bar and Bench Read the original article here
New Delhi: The Supreme Court on Monday ordered a status quo on the liquidation proceedings of Bhushan Power and Steel Ltd (BPSL), giving interim relief to JSW Steel. The verdict came on a plea filed by JSW Steel seeking a stay on the liquidation process initiated by BPSL’s former promoter, Sanjay Singhal. JSW Steel has…