In a key development in the Bhushan Power and Steel Ltd (BPSL) case, the Supreme Court on Monday ordered a status quo on liquidation proceedings before the National Company Law Tribunal (NCLT), granting temporary relief to JSW Steel, which is seeking to file a review petition. The top court was hearing a plea filed by…
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales decreased by 2.9% in March 2025 to a total of 1,992 when compared to February 2025’s total. Business insolvencies increased by 9.1% when compared to March 2024’s figure of 1,826 than the same month in the…
In a big relief for JSW Steel, the Supreme Court on Monday directed for status quo on NCLT proceedings on liquidation of Bhushan Power and Steel Ltd (BPSL), stated a report by CNBC TV18. The move followed the SC’s 2 May verdict, which quashed the company’s Rs 19,300 crore resolution plan for BPSL and directed…
Lucapa Diamond Company Enters Voluntary Administration, Defers Financial Obligations TipRanks Read the original article here
The Supreme Court’s recent judgment in the matter of Kalyani Transco v. Bhushan Power & Steel Ltd has generated substantial interest and curiosity among stakeholders, prompting speculation regarding the future of the Insolvency and Bankruptcy Code, 2016 (IBC/Code). Although the Code is still in the process of evolution, its functioning occasionally exhibits both excitement and disappointment, while…
JSW Steel’s legal battle over the Bhushan Power and Steel (BPSL) resolution continues, as the Supreme Court is set to hear the company’s review petition today. The petition challenges the apex court’s May 2 verdict, which dismissed JSW Steel’s Rs 19,300 crore resolution plan for the acquisition of BPSL, reported Moneycontrol. The case stems from…
NCLAT: Resolution Professional can only File Application for Avoidance of Preferential Transactions u/s 43 of IBC Taxscan Read the original article here
Firm Appointee/Solicitor Role Company Name Published Date RSM Jerome Mohen administrator Supersett Constructions Pty Ltd (Administrators Appointed) 26/05/2025 Hall Chadwick Aaron Dominish liquidator Mobile Pipe Solutions Ltd (In Liquidation) 23/05/2025 Hamilton Murphy Advisory Stephen Dixon liquidator Split Horizon Pty Ltd 22/05/2025 WA Insolvency Solutions Jimmy Trpcevski liquidator Loop2 Digital Pty Ltd 22/05/2025 Worrells Mervyn Jonathan…
The 113 carat gem-quality white diamond found at Lulo. Image: Lucapa Diamond Company KordaMentha has been appointed as voluntary administrators to Lucapa Diamond Company, owner of the Merlin diamond mine in the Northern Territory. Lucapa first acquired Merlin in 2021 for $8.5 million, marking the project as the second Australian prospect to join the company’s…
Reliance General Insurance net profit rises 12.5% to Rs 315 crore in FY25; eyes growth under new promoter IIHL MSN Read the original article here