Mumbai: Nirma Group-backed Nuvoco Vistas offered ₹1,800 crore to acquire Vadraj Cement, outbidding Adani Group at an auction under the court-monitored corporate insolvency process, said people aware of the matter.JSW Group, JK Cement and ArcelorMittal were among other bidders in the fray. Adani group-backed Ambuja Cement had partnered with Prudent ARC-backed RKG Fund to acquire…
The Insolvency Service has banned a 57-year-old man as a director for nine years after he took part in a scheme to undermine the insolvency system. Atherton Corporate paid Neville Taylor £266,914 to replace the directors of 12 companies which had ceased trading but had not entered liquidation. Taylor, who is listed as a director…
SCOTTSDALE, Ariz., Jan. 7, 2025 /PRNewswire/ — With the growing demand for estate sales and business liquidation services, Grasons offers an ideal franchise opportunity for motivated individuals looking to build a fulfilling and profitable career. As we begin a new year, Grasons, a leader in estate sales and business liquidation services and member of Evive…
ScotPac has released the latest version of its SME Growth Index report, indicating that thousands of Australian SMEs were facing a ‘survival test’ as rising costs and ATO collections accelerate insolvencies. The report, an established pulse check of SME confidence and growth prospects, found 25 per cent of Australian SMEs said they could be tipped…
NUVOCO Vistas takes the lead in Vadraj Cement’s insolvency resolution process Construction Week Online India Read the original article here
US corporate bankruptcies hit 14-year high as interest rates take toll Financial Times Read the original article here
Highlights Jaiprakash Associate Limited’s Committee of Creditors approved a 90-day extension of the Corporate Insolvency Resolution Process, after receiving 92.69% of e-votes in favor. The National Company Law Appellate Tribunal upheld the National Company Law Tribunal’s decision to admit Jaiprakash Associate Limited to Corporate Insolvency Resolution Process in June 2023. Jaiprakash Associate Limited‘s Committee of…
A County Derry linen mill has entered liquidation after its owners failed to find a buyer. The employees of the well established firm William Clark & Sons in Upperlands were said to receive the sad news just before Christmas. According to The Gazette Official Public Record, a meeting of creditors took place on November 29…
A County Derry linen mill has entered liquidation after its owners failed to find a buyer. The employees of the well established firm William Clark & Sons in Upperlands were said to receive the sad news just before Christmas. According to The Gazette Official Public Record, a meeting of creditors took place on November 29…
The company behind Manchester-based spirits brand Didsbury Gin has gone into liquidation owing close to £200,000 to creditors. Founded in 2017 by Mark Smallwood and Liam Manton the business won £75,000 of investment after appearing on BBC TV’s Dragons Den, with former Dragon Jenny Campbell taking a third of the business in 2018. Gareth Howarth…