State Bank of India has classified Reliance Communications’ loan account as “fraud” and plans to report it to the Reserve Bank of India along with the name of former director Anil Ambani. | Image: X Reliance Communications Limited (RCOM) has officially disclosed that the State Bank of India (SBI) has decided to classify its loan…
Company Insolvency Statistics, July 2024 GOV.UK Read the original article here
SBI Classifies Reliance Communications Loan Account As Fraud Amid Insolvency Proceedings Goodreturns Read the original article here
Reliance Communications says SBI to declare loan A/C as ‘fraud’, report Anil Ambani to RBI MSN Read the original article here
This week’s TGIF examines the recent decision of the Federal Court in Reid, in the matter of Kununurra Panel Beating Works (Holdings) Pty Ltd Ltd (in liq) [2025] FCA 593 (Kununurra). In providing a helpful summary of the principles applicable to applications for pooling orders, the Court has also indicated that the traditionally broad scope…
Image: XL Express One of Australia’s largest independent transport operators, XL Express, has entered voluntary administration after 35 years in business. The Queensland-based company, which launched in 1990 and built a national road transport logistics network, has appointed FTI Consulting as voluntary administrators to carry out what it describes as an “urgent assessment”…
In the decision, Dunmore Lang Colleges Ltd were seeking to wind up CII Group Pty Ltd (CII). Despite CII delaying the progress of proceedings by asserting it was solvent, voluntary administrators were appointed the day before hearing for a winding up application on the basis that the company was insolvent or likely to become…
Lenders of Jaiprakash Associates Ltd (JAL), which is under insolvency, will meet on July 1 to discuss resolution plans submitted by five corporates among other issues. In a regulatory filing on Monday, JAL informed that “the 16th meeting of the Committee of Creditors (CoC) of the company will be held on 1st July, 2025.” The…
Mosiac Group goes into liquidation Inside Retail Australia Read the original article here
Hobart-based appliance store Elite Appliances has been placed into liquidation, catching both staff and industry insiders by surprise. The closure was confirmed through an Australian Investment and Securities Commission statement earlier this week. Hobart-based financial consultancy Apex Advisory has been appointed as liquidator. “Notice is given that at a general meeting of the members of…