The people behind plans for a £60 million “eco-therapy wellness park” say they are still hopeful for a project despite putting the company into voluntary administration. Barony NP (UK) Ltd, a partnership between social enterprise company National Pride UK (NPUK) and investment company ESE Capital, promised hundred of jobs at the centre. But it went…
The Department of Homeland Security is preparing to offer unaccompanied migrant teenagers in the United States the option to voluntarily leave the country and receive a $2,500 payment, according to three sources familiar with the plans and an administration memo obtained by CNN. The Trump administration has already been offering financial incentives — including a…
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Captain GR Gopinath‘s Deccan Charters till April 26, 2024, its next date of hearing. Earlier, the Bengaluru bench of the National Company Law Tribunal (NCLT) had directed initiation of Corporate Insolvency Resolution Process (CIRP), admitting a plea of financial creditor Krone…
The Federal Government will provide ailing disability employment services provider Bedford with an extra $4.4 million with Disability and the NDIS Minister Mark Butler saying the company’s financial position was so bad that “they can’t even operate from week to week”. Announced today, the extra funding builds on $15 million in state government money given…
REVEALED: Latest business liquidations in Ipswich The Courier Mail Read the original article here
With the CCI approval in place, the ball is now in the court of the Committee of Creditors of Jaiprakash Associates. NEW DELHI (India CSR): In a major development in India’s insolvency space, the Competition Commission of India (CCI) has granted in-principle approval to Naveen Jindal-led Jindal Power Ltd to acquire Jaiprakash Associates Ltd (JAL),…
The orchards at the centre of a liquidation of a fledging Central Otago fruit company are up for sale. Ardgour Orchards, Valley Orchards GP Ltd and Ardgour Valley Orchards LP went into liquidation in early August, although details were scant on why. The orchards had been situated on part of Ardgour Station, near Tarras. The…
The National Company Law Tribunal (NCLT) Kolkata bench admitted Rs 2,888 Cr Insolvency petition by Canara Bank against Gupta Power Infrastructure, holding that when a financial creditor consortium establishes a valid default exceeding the threshold limit under Section 4 of the IBC, supported by proper authorization and undisputed evidence of debt, the Adjudicating Authority is…
Irish corporate insolvencies remain stable as creditor enforcement actions rise sharply. Corporate insolvencies in Ireland have remained largely stable in the first half of 2025, with 407 cases recorded compared to 412 in the same period last year, representing a marginal 1% decrease. However, the nature of these insolvencies is shifting significantly, with creditor-led enforcement…
Creditors are claiming a staggering ₹57,185 crore. Fair trade regulator CCI on Tuesday said it has given in-principle approval to Naveen Jindal-led Jindal Power‘s proposal to acquire debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency proceeding. Apart from Jindal Power, the proposals of PNC Infratech, Adani Group and Dalmia Bharat for…