Bank of India has classified its Rs. 616.30 crore exposure to debt-ridden Rolta India Ltd as fraud, according to a regulatory filing submitted under SEBI (LODR) Regulations, 2015. The disclosure comes while the company undergoes the Corporate Insolvency Resolution Process (CIRP) under India’s bankruptcy law. Rolta India’s Insolvency Status The National Company Law Tribunal (NCLT),…
SpiceJet has successfully settled its dispute with Willis Lease Finance Corporation, a leading global aircraft engine lessor, resulting in a substantial saving for the airline. As part of the agreement, Willis Lease has withdrawn its insolvency case against SpiceJet, closing yet another chapter in the airline’s ongoing efforts to strengthen its financial foundation. This settlement…
Ehau told the Gisborne Herald that all building projects Hikurangi Enterprises had “on the book” were completed. “There are no contracted projects left up in the air,” he said. “What we did as an entity as we went through this process is make sure we had a people-centred approach to it. AdvertisementAdvertise with NZME. “We…
News Business Array ( [galleryId] => 85394b2063c92e2b9c3af3df5e77e5263db6f3e36ff3f7e0 [thumbImage] => https://media.ahmedabadmirror.com/am/uploads/mediaGallery/image/1740076296233.jpg-thmb [largeImage] => https://media.ahmedabadmirror.com/am/uploads/mediaGallery/image/1740076296233.jpg-sldr [fullImage] =>… Read the original article here
We are proud of the rankings in the recently published Legal 500 EMEA edition. Wijn & Stael Advocaten is mentioned with the following practices: Restructuring & Insolvency (TIER 2), Commercial Litigation (TIER 3), Employment (TIER 4) and Environment and planning (TIER 3). We are very grateful for the great feedback we received from our clients.…
Adani Group News: Adani Group has shown interest in acquiring Jaiprakash Associates Limited (JAL) through the insolvency process. JAL, the flagship company of Jaypee Group in cement, energy, hotels, construction and real estate business, has been admitted to corporate insolvency resolution proceedings under the Insolvency and Bankruptcy Code, 2016 by an order passed by the…
The company behind iconic fashion brand Jeanswest has called time on its bricks-and-mortar retail operations as trading conditions for Australian retailers become increasingly tough amid reduced discretionary spending and increased cost of living. Harbour Guidance Pty Ltd, which rescued Jeanswest after it entered administration in 2020, has made the decision to put the company into…
Retail chain Jeanswest’s collapse to cost 600 jobs The Australian Read the original article here
Meetings and Events Australia (MEA) has announced it is entering voluntary administration and will close operations in 2025. The events industry body is celebrating its 50th anniversary in 2025 but has appointed an administrator ahead of ceasing operations. The annual MEA National Conference was to be held in June 2025 in Sydney – with Spice…
The liquidation of Kester Black Ltd — the New Zealand business of the cosmetic and skincare brand started by Wānaka woman Anna Ross — has been completed. In July last year, the Australian-registered arm of the business, Kester Black Pty, entered voluntary administration, while the New Zealand business was put into liquidation the following month, with…