Lawyer for the creditors, Ryan Perkins, argued UK steel-making would be better served if the company’s assets were sold off with assistance from independent special managers acting on behalf of the government after it is wound up, rather than allowing administrators appointed by Mr Gupta to conduct the process. In a separate court hearing on…
By Yun Park ( August 21, 2025, 6:32 PM EDT) — A Delaware bankruptcy judge on Thursday gave interim approval to bankrupt jewelry chain Claire’s to receive a $22.5 million debtor-in-possession facility from a private holding company that plans to buy the majority of the company’s U.S. stores through an asset purchaser agreement. … Law360 is…
Resellers source their products using multiple methods: closeouts, wholesale and liquidation, to name a few. Mixing your inventory sources is one of the smartest business decisions you can make once you go from side hustle to part-time and full-time operations. Liquidation pallets offer sellers: Higher profit margins Lower costs If you source your boxes from…
Sterling SEZ and Infrastructure Limited (in liquidation) is set to be auctioned on September 15, 2025, with a reserve price of Rs 324 crore (INR 3,243 million). The e-auction will be conducted on an “as is where is,” “as is what is basis,” “whatever there is basis,” and “no recourse basis.” The last date for…
Liquidation starts for company run by fatal Dunkeswell skydiving business director South Hams Gazette Read the original article here
Ministers take control of Speciality Steel after insolvency The Times Read the original article here
New Delhi: Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mital said on Friday that the planned amendments to the bankruptcy law will lead to faster resolution of stressed companies. Finance and corporate affairs minister Nirmala Sitharaman introduced amendments to the Insolvency and Bankruptcy Code (IBC) last week with a framework for creditor-initiated resolution…
New Delhi: Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mital said on Friday that the planned amendments to the bankruptcy law will lead to faster resolution of stressed companies. Finance and corporate affairs minister Nirmala Sitharaman introduced amendments to the Insolvency and Bankruptcy Code (IBC) last week with a framework for creditor-initiated resolution…
One of the UK’s last remaining steel companies has been pushed into compulsory liquidation – and will fall into government control. Speciality Steels UK (SSUK), part of the Liberty Steel empire owned by metals tycoon Sanjeev Gupta, employs nearly 1,500 people at sites in Rotherham and several other locations across South Yorkshire. Behind Tata Steel…
UK Government to Take Control of Sanjeev Gupta Steel Assets Bloomberg.com Read the original article here