If you feel like you’ve seen the words “voluntary administration” just about everywhere this year, you’d be on the money. From airlines to outback events, few companies have been free from the pinch of the economic climate. So what exactly is voluntary administration? Why are we seeing more businesses surrender to it, and is there…
The Adani Group, Dalmia Bharat, and Vedanta are said to be among the six companies that have submitted financial bids for Jaiprakash Associates (JAL), which is currently undergoing corporate insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). The deadline for submission of financial bids, initially set for June 9, was extended to June 24.…
Jaiprakash Associates Ltd (JAL) on Wednesday said it has received five bids along with earnest money for the acquisition of the company through insolvency process. In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that it has received five resolution plans. “… In response to the request for resolution plan issued in the corporate insolvency…
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Melbourne building collapses into voluntary administration – leaving projects in the lurch MSN Read the original article here
A property owner could tell things were about to go terribly wrong with their GJ Gardner Homes Hobart build in early 2023, but it seemed like no one was listening. The agricultural drain — meant to move water away from the house – had not been installed at all, despite the slab already being poured.…
Updated 10:18 p.m. ET June 24 CaaStle Inc. has come tumbling down. The scandal plagued rental pioneer filed for Chapter 7 bankruptcy in Delaware, setting up a liquidation of the business less than three months after chief executive officer Christine Hunsicker left the company under a cloud. The bare-bones filing said the company had $10…
An extraordinary general meeting of Philly Shipyard ASA (under liquidation)(the”Company”) was held today as a digital meeting with online participation. Allresolutions were made in accordance with the proposals set out in the meetingnotice. The Company intends to submit an application for the delisting of its sharesfrom Euronext Expand shortly. Subject to and following Euronext Oslo…
An Essel Group company, Konti Infrapower and Multiventures, has moved the National Company Law Tribunal (NCLT) against Kotak Asset Management Company (AMC) over the fund house’s failure to honour certain contractual obligations. Claiming dues to the tune of Rs 12.99 crore, the Essel Group entity has stated that Kotak AMC, as a corporate debtor, is…
Melbourne building collapses into voluntary administration – leaving projects in the lurch MSN Read the original article here