THE SUPREME COURT Friday rejected steel major JSW Steel Ltd’s Rs 19,000 crore bid to acquire Bhushan Power and Steel Ltd (BPSL) through the Corporate Insolvency Resolution Process (CIRP) route, and ordered the liquidation of the company. JSW acquired BPSL in March 2021 under the Insolvency and Bankruptcy code. JSW Group Chairman and Managing Director…
NEW DELHI: Supreme Court on Friday quashed the acquisition of bankrupt Bhushan Power & Steel Ltd by JSW under the Insolvency and Bankruptcy Code and ordered liquidation of the debt-ridden company, in a blow to the Sajjan Jindal-led group and public sector banks, reports Amit Anand Choudhary.The court said there were multiple violations of law…
… Read the original article here
Firm attracted attention over its business practices which included fake online reviews The FBA Brand Builder offices close to Ballymena. Inset: Darren Campbell Liquidators have been appointed for a controversial NI brand building company whose CEO announced its closure more than a month ago. The FBA Brand Builder, run by Darren Campbell (34), previously charged…
The sheer number of cannabis insolvencies in Canada over the last five years has resulted in a number of unique issues being considered, not least of which is directors’ liability to the Crown for unremitted excise taxes. Section 295 of the Excise Act, 2001 (Canada) (“Excise Act”) imposes liability on corporate directors for a corporation’s…
Sigma Finance Corporation – RNS Announcement Business Wire Read the original article here
Bhushan Steel and Power: SC rejects JSW Steel’s resolution plan, orders liquidation MSN Read the original article here
Liquidation order to be appealed by director Post Wellington Read the original article here
Liquidation order to be appealed by director Stuff Read the original article here
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,…