Category Archives: Liquidation

Sunshine Private Hospital in Melbourne's west enters voluntary administration after 14 months of operation – ABC News

In short: A private hospital in Melbourne’s western suburbs has entered voluntary administration.  The $140 million Sunshine Private Hospital was opened in March 2023. What’s next? Surgeries have been cancelled, with patients to be transferred to other hospitals. The company behind Sunshine Private Hospital in Melbourne’s west has entered voluntary administration, forcing hospital management to cancel surgeries…

NCLT to hear plea on approval of Surakshas bid for Jaypee Infra on Oct 26 – Business Standard

NCLT on Tuesday directed to list the pleas related to the Suraksha group’s bid to acquire debt-ridden realty firm Jaypee Infratech on October 26 for hearing TopicsJaypee Infratech bid|NCLT The National Company Law Tribunal (NCLT) on Tuesday directed to list the pleas related to the Suraksha group’s bid to acquire debt-ridden realty firm Jaypee Infratech…

BPL, Gopala Polyplast, Continental Chem & 25 others zoom 150% in a month – Business Standard

Shares of consumer electronics company BPL were locked at the upper circuit limit for the 22nd straight trading session, up 5 per cent at Rs 108.75 on Tuesday, having rallied 203% in one month. TopicsBuzzing stocks|BPL|Market trends SI Reporter | Mumbai Last Updated at September 28, 2021 14:55 IST Shares of BPL, Gopala Polyplast, Continental…

DS Kulkarni group investors want ED probe into alleged payments by firm to money lenders, brokers – Hindustan Times

PUNE Investors in the DS Kulkarni group of companies have demanded that the Enforcement Directorate (ED) investigate alleged payments made by DSK firms to various money lenders and brokers. A consortium comprising Ashdan Properties, Classic Promoters and Builders and Atul Builders will take over the debt-ridden group through the insolvency process. DS Kulkarni Developers Limited…

Big Jump In Corporate Insolvencies Despite End Of Pandemic Restrictions – Bdaily

Member Article The easing of Covid-19 restrictions over the summer has failed to stop a sharp increase in the number of business insolvencies across England and Wales. According to the latest official figures, corporate insolvencies increased by 22.9% to 1,348 in August 2021 compared to Julys figure of 1,097. The year-on-year level of corporate insolvency…

Latest Insolvency Statistics Show Impact Of Covid-19 On Midlands Businesses – Todayuknews – Todayuknews

New figures suggest business across the Midlands are struggling to get to grips with the impact of Covid-19 despite the easing of restrictions. Related Articles Latest data from the Midlands branch of insolvency and restructuring body R3 suggests many firms are under greater pressure to survive compared to this time last year. It says the…

National Health Co-op finds new operators after entering voluntary administration – The Canberra Times

More than 30,000 ACT health members left in limbo when their provider entered administration may have been given a reprieve after administrators found new operators courtesy of a court granting them more time. The nation’s peak medical body welcomed the news about the National Health Co-op (NHC), but it said the case should prompt the…

User guide on Corporate Insolvency and Restructuring Act launched – Graphic Online – Graphic Online

Mrs Jemima Oware (middle), Registrar General, making some remarks as Mr Felix Addo (left), President, Ghana Association of Restructuring & Insolvency Advisors, and Mr Hamidu Solo (right), Project Lead, International Finance Corporation, look on. Picture: NII MARTEY M. BOTCHWAY The Registrar Generals Department (RGD), in collaboration with its partners, has launched a soft copy of…

Dewan Housing Finance Ltd moves HC, seeks discharge in corruption case by CBI – Hindustan Times

It argued it has undergone a Corporate Insolvency Resolution Process (CIRP) and a new entity has been appointed as a resolution applicant. By K A Y Dodhiya PUBLISHED ON SEP 24, 2021 10:03 AM IST The Dewan Housing Finance Ltd (DHFL) has moved the Bombay high court challenging a special Central Bureau of Investigation (CBI)…

DHFL approaches Bombay HC to discharge name from CBI prosecution – Economic Times

Troubled home financier Dewan Housing Finance Ltd (DHFL) has sought the Bombay High Courts intervention to discharge its name and drop proceedings against it in an ongoing investigation by the Central Bureau of Investigation (CBI). DHFL has argued that since it had been taken over by Piramal Capital & Housing Finance Ltd, it should be…