Star Entertainment needs money — urgently. The company has been walking a tightrope of financial difficulty for months and all signs point to the casino operator losing its balance and falling into administration this week, experts warn. It entered a trading halt on Friday after missing its deadline to report its half-year results to the…
Medipharm Plan considers liquidation after failed funding efforts in South Korea – CHOSUNBIZ 조선비즈 Read the original article here
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‘Hard-wired to make losses’: Whyalla steelworks bleeding $1.5m a day MSN Read the original article here
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Property owners homeless after joint ventures gone wrong BusinessDesk Read the original article here
Former shareholder disputes claims made to liquidator The Press Read the original article here
The National Company Law Tribunal (NCLT), New Delhi, has approved the Rs 41.26-crore resolution plan submitted by The Statesman Limited for the debt-ridden United News of India, or UNI. The plan, which received 100% voting approval from the Committee of Creditors (CoC), aims to revive the second-largest news agency in the country. Background The Corporate Insolvency Resolution Process…
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The Insolvency and Bankruptcy Board of India (“IBBI”) has recently notified several key amendments[1] in the CIRP Regulations[2], which aim to further streamline CIRPs[3] with special focus on real estate (RE) projects. These amendments give a formal effect to the recommendations/ suggestions that were proposed in the IBBI’s discussion paper, dated November 7, 2024, with…