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Lenders to the Bathla Group face an urgent call to provide as much as $20 million in funding to the embattled developer, which collapsed this week owing more than $3.5 billion, leaving tens of thousands of homes under development across Sydney’s west in limbo. As many as 170 lender representatives joined a call on Tuesday…
Creditors are sweating on the fate of Sydney home development giant Bathla after the firm collapsed into voluntary administration on Tuesday, owing more than $3 billion. Bathla Group’s managing director Bhart Bhushan said the decision was made as the company faced a “perfect storm” of increased costs and property market pressures. It has left thousands…
Failed marriage is no reason to liquidate a healthy company, judge rules nation.co.ke Read the original article here
ARSS Infrastructure Projects has secured a Rs 104.05 crore contract from East Coast Railway for bridge construction. While this order adds to the pipeline, the company is currently undergoing the Corporate Insolvency Resolution Process (CIRP), a critical factor that investors should monitor alongside its ongoing financial challenges. ARSS Infrastructure Projects has been awarded a work…
Failed marriage is no reason to liquidate a healthy company, judge rules Daily Nation Read the original article here
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