New Delhi: Business tycoon Gautam Adani has won the approval of creditors of Jaiprakash Associates (JAL) for its Rs 14,535 crore acquisition proposal for the bankrupt infrastructure group. Adani Enterprises, the flagship firm of Adani Group, outbid Vedanta and Dalmia Bharat to win the bid for JAL. “The Committee of Creditors (COC) of Jaiprakash Associates…
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The Insolvency and Bankruptcy Board of India (IBBI) released a significant Discussion Paper on November 17, 2025, aimed at addressing practical gaps and strengthening the integrity of the Corporate Insolvency Resolution Process (CIRP). The proposals focus on increasing transparency, protecting real estate allottees, and ensuring accountability in decision-making within the Committee of Creditors…
The pioneer in company liquidation in Estonia is now making its fast, proven service accessible to foreign-owned companies in the country. Likvidaator, Estonia’s leading liquidation firm, has announced the launch of its new English services and customer support for e-resident company liquidation. With this major expansion, foreign-owned companies can now leverage Likvidaator’s trusted company liquidation…
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South Australian supplier Tim Chatzopoulos says he has been left devastated after disability provider Bedford entered voluntary administration, with his family business still owed $60,000. Chatzopoulos, who supplied food to Bedford-backed Cultivate Food and Beverage, said he has not received a cent since July and fears the debt will never be recovered. New administrators McGrathNicol…