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Motorbike retailer Peter Stephens Motorcycles collapses Inside Retail Australia Read the original article here
By MATT JONES FOR DAILY MAIL AUSTRALIA Published: 14:44 AEST, 20 May 2025 | Updated: 23:48 AEST, 20 May 2025 A well-known motorcycle retailer with dozens of outlets across Australia has gone bust, with up to 400 workers now facing unemployment. Peter Stevens Motorcycles entered voluntary administration on Monday, 55 years after it was founded…
The looming collapse of an Australian motorcycle giant is a direct result of falling consumer confidence amid a cost of living crisis. News that dealer giant Peter Stevens Motorcycles fell into voluntary administration rocked the motorcycle industry this week. But it’s bigger than that, representing a warning shot for the economy as a whole. Motorcycle…
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Loss-Making Lucapa Forced into Administration IDEX Online Read the original article here
The insolvency appellate tribunal has directed the NCLT to promptly decide on the stay of the process of inviting Expression of Interest (EOI) regarding two Jaiprakash Associates group’s investments in Jaiprakash Power Venture and Jaypee Fertilisers & Industry. In an order on April 29, 2025, the Allahabad bench of the National Company Law Tribunal stayed…
New Delhi: The Supreme Court will on Monday hear a plea filed by JSW Steel Ltd, seeking a review of the court’s 2 May judgment that quashed the company’s ₹19,300 crore resolution plan for Bhushan Power and Steel Ltd (BPSL) and ordered the firm’s liquidation. The review petition names former BPSL promoter Sanjay Singhal, whose…
New Delhi, May 25 (PTI) The insolvency appellate tribunal has directed the NCLT to promptly decide on the stay of the process of inviting Expression of Interest (EOI) regarding two Jaiprakash Associates group’s investments in Jaiprakash Power Venture and Jaypee Fertilisers & Industry. In an order on April 29, 2025, the Allahabad bench of the…
The Corporate Insolvency and Governance Act 2020 (CIGA or the Act) has introduced new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis. CIGA came into force on June 26, 2020 after a speedy progression through Parliament, following the publication of…