The Supreme Court on May 2 struck down JSW Steel’s ₹19,700-crore resolution plan for Bhushan Power and Steel Ltd (BPSL), ordering the debt-laden company to be liquidated instead. The ruling cited two key reasons for its decision: JSW’s use of a mix of equity and optionally convertible debentures (OCDs) to complete the takeover—when it should…
Hemp Product of the Year Cannabiz Award for Innovation Best Use of Technology Best Education/Engagement Initiative Clinic of the Year Dispensary/Pharmacy of the Year Best Patient-Focused Initiative Environmental, Social and Governance Award Start-up/Launch of the Year Cultivator of the… Read the original article here
Nationally, Australia has committed to 70 per cent of plastic packaging being recycled by next year. The most recent figures suggest we are less than halfway there. The packaging and consumer goods industry has abandoned its long-held antipathy to government regulation, and has been calling for a mandatory scheme to ensure national consistency and that…
Jennyfer, a French fast-fashion chain catering to teens and young women, has filed for court-ordered liquidation after four decades in business. The ruling came on April 30 from the Bobigny commercial court, following a request from company management due to persistent financial hardship. The decision had already been shared with employee representatives the evening prior,…
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Richard Price & Eleanor Lawson BBC News, West Midlands Moorcroft Moorcroft Pottery became known for its colourful depictions of wildlife and geometric patterns The directors of Moorcroft Pottery have announced the firm has stopped trading after more than 100 years, which the GMB Union says means the loss of 57 jobs. In a post on…
By Wayne Robinson | 16 April 2025 Vik Gulati, owner of south-west Sydney based Westmann Printing, has bought the beleaguered Reacon Group, as its print operation Reacon Australia and sister company mmw3degrees are in administration. Bought Reacon Group: Vik Gulati, Westmann Printing Gulati became a director of Reacon Group on Monday, when previous owners Jahinger…
A shareholder of immune drug developer Acelyin believes the company is better off shutting down and returning cash to shareholders rather than pursuing a merger with fellow biotech Alumis. Trium Capital, an England-based investment fund and Acelyrin stockholder, revealed in a regulatory filing Tuesday that it intends to vote against the planned merger after concluding…
NCLT Allows Second Challenge Round In Frost International Insolvency To Maximise Value For Creditors | Representational Image In connection with the ongoing insolvency proceedings of Frost International Limited(FIL), the National Company Law Tribunal (NCLT), Mumbai Bench, has permitted the Committee of Creditors (CoC) to conduct a second challenge mechanism for selecting a resolution plan, paving…
It’s rare to see a company founded in the 17th century still operating today—but that was the case for Hudson’s Bay Company. Once a dominant force that governed what is now Canada for over 200 years, and one of the most legendary businesses in North America, it now finds itself on the brink of bankruptcy.Today,…