On May 2, 2025, the Supreme Court ordered liquidation of Bhushan Power & Steel Ltd (BPSL) and scrapped JSW Steel’s Rs. 19,350-crore resolution plan four years after takeover sending shockwaves through India’s insolvency market. That verdict has now been recalled; the Court has re-heard the matter in open court and on reserved its judgment. Background…
R3 responds to July 2025 insolvency statistics Yorkshire Post Read the original article here
Insolvencies edge up in cautious July NewcastleWorld Read the original article here
Insolvencies edge up in cautious July Shields Gazette Read the original article here
Blockbuster, Lehman Brothers, WeWork. The names are familiar, but the financial stories behind their collapse are often a mystery. In this deep dive, we go beyond the headlines to pull out the crucial lessons in corporate bankruptcy and insolvency for every finance professional. We’ll equip you with the foresight to spot financial distress long before…
Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/liberty-steels-pushed-into-liquidation-move-puts-1-500-jobs-at-risk-125082201589_1.html” on this server. Reference #18.34052017.1755885267.1a7a881a https://errors.edgesuite.net/18.34052017.1755885267.1a7a881a Read the original article here
Red Fox Hotel Ltd, with Ryan Lamb as director, the chef from The Grey Hound in Broughton, entered liquidation on July 28. The liquidation is being handled by Andrew Ryder, of JT Maxwell. Kerry Lamb, the landlady, told the Advertiser that the The Grey Hound would continue in business. A new company, with Ms Lamb as director,…
A special PMLA court in Mumbai ordered the restitution of immovable properties valued at Rs. 45.26 crore belonging to Sagar Suryawanshi Group so that the funds can be liquidated and the money can be distributed among the depositors who were cheated in the Seva Vikas Co-operative Bank fraud case. This came after the Enforcement Directorate’s…
Following a protracted legal battle, the Western Cape High Court has provisionally ordered the liquidation of trading platform Banxso (Pty) Ltd. Handing down the ruling, Judge Andre le Grange questioned the legality of the Banxso’s business model, following accusations that pensioner Carol Wentzel lost over R500,000 through the platform. However, in a statement issued to…
32 Murray & Roberts has clarified that the liquidation proceedings against its holdings company, Murray & Roberts Holdings Limited (MRH), are separate from and have no impact on the business rescue of its subsidiary, Murray & Roberts Limited (MRL), ensuring the ongoing Differential Transaction and operations remain unaffected. Background to the Clarification and Company Challenges…