Banks and financial creditors have taken a 67% haircut in over 1,200 cases of corporate insolvency cases that ended in resolution. The data released by Insolvency and Bankruptcy Board of India (IBBI) indicates a realisation of Rs. 3.96 lakh crore for creditors under resolution plans through June 2025 against admitted claims of Rs 12.15 lakh…
Texas judge orders Infowars liquidation to pay Sandy Hook families almost $1.5 billion MSN Read the original article here
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A trucking company that has been operating for 57 years across several states in Australia has become the latest to collapse. DJK Transport entered voluntary liquidation on Friday, after a restructuring practitioner was appointed in July. The company is registered in Austral, western Sydney, under the name of sole shareholder and director, David Kean. DJK…
A Christchurch courier company has buckled under financial pressure, owing creditors more than $1.2 million and leaving staff out of pocket. NJ & MS Holdings Ltd owes about $586,000 to Inland Revenue (IRD) and just over $632,000 to unsecured creditors, while staff claims are nearly $35,000. The company, trading as Point to Point, was placed…
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Judge Orders Liquidation of Infowars to Pay Sandy Hook Families The New York Times Read the original article here
Murray & Roberts has announced that, after over a century of operation, one of its creditors has instituted liquidation proceedings, marking the end of the road for the iconic South African construction company. Founded in 1902, Murray & Roberts is one of South Africa’s oldest companies and has played a pivotal role in building the…
Insolvency resolution timeline shrinks by 2 months since March MSN Read the original article here
Legal fight hots up as Mastercard Foundation axes R2bn deal in SA News24 Read the original article here