Posted By: Peter Gosnell 19 March 2025 BDO partner Jeff Marsden. BDO national leader, business restructuring, Duncan Clubb. Novel was the word on Monday when parties warring over the fate of clothing retailer Ally Fashion came before the Corporations List judge of the NSW Supreme Court. Ally was ordered to be wound up on February…
Administrators to put Welshpool business up for sale The West Australian Read the original article here
Top business groups such as JSW, Dalmia Bharat, Jindal Power, Vedanta, GMR, Welspun and Torrent have reportedly submitted expressions of interest (EoIs) for Jaiprakash Associates Ltd (JAL). The Adani Group is also expected to submit an EoI before the final deadline of March 25. According to a report in The Economic Times, another large Delhi-based…
Updated Mar 19, 2025 12:15 IST Adani, GMR, Dalmia Bharat, Vedanta among Jaiprakash Associates insolvency bidders, says report Jaiprakash Associates Insolvency Bidders : Several major business groups are eyeing a potential acquisition in the infrastructure and cement space, signaling heightened interest in distressed assets. The development comes amid a court-monitored Jaiprakash Associates insolvency process, drawing…
One of New Zealand’s largest cherry growers, Cherri Global, has gone into liquidation, according to reporting from Farmers Weekly. According to the publication, Cherri Global, including its subsidiary companies Cherri Holdings and Cherri Machinery, was placed in liquidation on 8 March through a special resolution of shareholders. Janet Sprosen and Stephen White of PwC New…
According to their first report, Libelle’s cash reserves were “exhausted” and it was no longer able to purchase essential goods and services to enable ongoing trading after paying employee wages on March 6. “We understand that the director, after taking advice and considering alternative options, resolved to appoint liquidators by reason of the company’s liabilities…
Dr. Lal PathLabs Consolidates Operations with Subsidiary Liquidation TipRanks Read the original article here
Insolvency-related activity in Dorset and the South East rose by more than 23 per cent last month. The increase was reported by R3, the UK’s insolvency and restructuring trade body, which analysed data from Creditsafe. The data revealed a rise in insolvency-related activities from 172 in January to 212 in February. These figures include administrator…
Ola Electric shares tumbled nearly 7% on Monday, sinking below Rs 50 for the first time. The stock hit a record low of Rs 46.94 on the Bombay Stock Exchange (BSE) in early trade. By 10:54 am, it was trading at Rs 47.25, down 6.51%. The slump came after the company revealed that an insolvency…
Ashok Hinduja, Chairman of IndusInd International Holdings Ltd (IIHL), announced on Tuesday that the acquisition of debt-ridden Reliance Capital (RCAP) has been successfully completed. The bid amount has been transferred to lenders, with the management transfer expected to occur on Wednesday. It is to be noted IIHL emerged as the successful resolution applicant in April 2023,…