The Supreme Court on Thursday recalled it’s May 2 order, which rejected JSW Steel’s Rs 19,700 crore resolution plan for Bhushan Power and Steel Limited on grounds of violation of Sections 30(2) and 31(2) of the Insolvency and Bankruptcy Code (IBC). The Bench of Chief Justice BR Gavai and Justice Satish Chandra Sharma prima facie…
Small businesses are experiencing elevated debt stress at more than double the rate of non-business owners. Photo: 123RF Consumers are getting on top of their debts, but it is a different story for small businesses, with liquidations on the rise. Credit reporting firm Centrix said June’s data paints a complex picture, with a slight year-on-year…
Timaru company owes IRD more than $900k The Press Read the original article here
Former mayoral candidate’s company facing liquidation The Press Read the original article here
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The Supreme Court on Thursday recalled its May 2, 2025, judgment that ordered the liquidation of Bhushan Power and Steel Ltd (BPSL) after rejecting steel major JSW Steel Ltd’s Rs 19,000 crore bid to acquire it through the Corporate Insolvency Resolution Process (CIRP) route. A bench of Chief Justice B R Gavai and Justice S…
The Supreme Court on Thursday recalled its May 2, 2025, judgment that ordered the liquidation of Bhushan Power and Steel Ltd (BPSL) after rejecting steel major JSW Steel Ltd’s Rs 19,000 crore bid to acquire it through the Corporate Insolvency Resolution Process (CIRP) route. A bench of Chief Justice B R Gavai and Justice S…
The Supreme Court on Thursday recalled its May 2, 2025, judgment that ordered the liquidation of Bhushan Power and Steel Ltd (BPSL) after rejecting steel major JSW Steel Ltd’s Rs 19,000 crore bid to acquire it through the Corporate Insolvency Resolution Process (CIRP) route. A bench of Chief Justice B R Gavai and Justice S…
Property-flipping firm owned by Rickhil Prakash owes IRD nearly $9m BusinessDesk Read the original article here
A growing number of businesses are going belly up in Singapore, with more companies going through compulsory liquidation in the first half of 2025, surpassing figures from the past five years. Compulsory liquidation is a legal process where a company is forced to wind up, usually initiated by creditors through a court order, due to…