The world’s largest sportswear company will be in court next week as it seeks nearly $250,000 it claims it is owed by a collapsed Australian surf retailer. SurfStitch, which touts itself as the country’s number one online surf and fashion store, fell into administration earlier this month after Nike Australia filed a winding up order…
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New Delhi: JSW Steel has transformed Bhushan Power & Steel Ltd (BPSL) into a viable and going concern after acquiring it out of bankruptcy in 2021, and its liquidation would have adverse ramifications on all stakeholders, the Sajjan Jindal-led steelmaker and BPSL’s lenders told the Supreme Court. They also sought an ‘open court’ hearing of…
The Court erred in holding its resolution plan as non-compliant with Sections 30(2) and 31(2) of the Insolvency and Bankruptcy Code, leading to an erroneous rejection of the plan, it has been stated. The company has also alleged that there was a violation of principles of natural justice. According to the petition, JSW was not…
Corporate bankruptcies in Germany were at their highest level in a decade in the first half of 2025, as firms in Europe’s largest economy struggle with weak demand, rising costs and uncertainty, a study by economic tracking agency Creditreform has showed. Some 11,900 corporate insolvencies were registered in the first six months of this year,…
Australian online retailer SurfStitch has been placed into administration and is facing legal action from sportswear behemoth Nike amid claims it is owed almost $240,000. A notice lodged with the corporate regulator revealed SurfStitch, which was only recently sold by Alquemie Group, had been placed into voluntary administration earlier this month. Edwin Narayan and Domenic…
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