Bombay High Court Revives Svadeshi Mills After Two-Decade Liquidation; Approves Grand View Plan Benefiting 2,834 Workers and 48-Acre Sion Redevelopment Under Section 466 Companies Act

Bombay High Court Allows Revival of Svadeshi Mills After 21 Years; Says Workers’ ₹223-Crore Settlement and Redevelopment Plan Serve Public Interest and Commercial Morality Facts Svadeshi Mills Company Limited had been ordered to be wound up on 5 September 2005. More than two decades later, Grand View Estates Pvt. Ltd., together with Forbes & Co.…

ZEN Energy creditors to get paltry payout – News

Administrators of collapsed renewable energy company ZEN Energy will only be able to claw back 10 cents in the dollar of money owed to secured creditors in the best-case scenario, a new report reveals. The latest McGrathNicol report shows the Adelaide company co-founded by well-known identity Ross Garnaut, owed $1.1 billion to creditors as of…

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Australian Pacific Coal Enters Voluntary Administration as Dartbrook Sale Proceeds

Australian Pacific Coal has entered voluntary administration, with McGrathNicol’s Shaun Fraser and Jonathan Henry taking control of the company and several subsidiaries after a board resolution. The administrators will conduct an urgent review of the group’s financial position, while the company’s shares remain suspended and creditors are being notified of a first statutory meeting set…

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