The Supreme Court verdict is a setback to the resolution process | Photo Credit: lakshmiprasad S Can a judgment be correct in law, but nevertheless be wrong? The answer appears to be yes in the case of the Supreme Court’s recent judgment setting aside JSW Steel Ltd’s (JSW) resolution plan for the acquisition of Bhushan…
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Aussie booze giant collapses owing over $13m Herald Sun Read the original article here
The UK saw a modest decline in corporate insolvencies in 2024, offering a glimmer of hope for businesses grappling with ongoing economic pressures. Official figures from the Insolvency Service revealed 23,872 registered company insolvencies during the year—a 5% drop from the 25,163 cases recorded in 2023, which marked the highest annual total since 1993. Key…
Now is a good time to learn about this new legislation, says Andrew Taylor The Corporate Insolvency and Governance Bill will be the biggest reform of the UK’s restructuring and insolvency framework in more than 15 years. For the hospitality sector, it is welcome news, giving bars and restaurants some options to help them…
Construction firm insolvencies hit all-time high with 840 collapses in first four months of year business-live.co.uk Read the original article here
The Trump administration has introduced a controversial new program aimed at illegal immigrants, offering a $1,000 stipend and travel assistance for those who choose to voluntarily “self-deport” from the United States. Announced on May 5, 2025, by the Department of Homeland Security (DHS), this initiative is part of a broader strategy to expedite deportations and…
Zorzi’s fall: Bitcoin, a secret legal feud & years of losses The West Australian Read the original article here
As one of vinyl’s most beloved subscription services shuts down, smaller players may be feeling the pressure too. The end of Vinyl Me, Please Denver-based record club, Vinyl Me, Please (VMP), has announced it is entering liquidation. The record club built a loyal subscriber base with its exclusive and carefully created selections, some of whom…
State-owned NHAI has decided to go for a conciliation process on the financial dispute with bankrupt Jaiprakash Associates Ltd concerning Varanasi Gorakhpur road projects. In the ongoing dispute, Jaiprakash Associates has sought ₹1,461.63 crore compensation for ‘four laning of Varanasi Gorakhpur Section of NH-29 from Km 14B.000 to Km 20B. 300 in Uttar Pradesh under…