UK outdoor advertiser enters voluntary liquidation

Outdoor advertising business 75Media Limited will enter voluntary liquidation after struggling to secure its long-term future. Labelled as the UK’s second-largest roadside billboard owner, the firm’s future seemed promising with the acquisition of the majority of Mass Media’s large-format digital roadside billboard portfolio in March this year, along with a seven-figure investment from Mercia Ventures…

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NCLAT Sets Aside EPFO’s Post‑Moratorium Claims [Read Order]

The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that assessment of provident fund dues during moratorium under Section 14 of the Insolvency and Bankruptcy Code (IBC) is impermissible. Dismissing appeals filed by both the Resolution Professional (RP) and the Employees’ Provident Fund Organisation (EPFO), the Tribunal ruled that post‑moratorium claims…

Adani wins big in JAL battle with highest upfront payout

New Delhi: Business tycoon Gautam Adani has won the approval of creditors of Jaiprakash Associates (JAL) for its Rs14,535 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 Limited…