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Proof & Company has announced its Australian business has entered voluntary administration.

One of Asia Pacific’s leading independent spirits companies, Proof & Company has offices in Singapore, Hong Kong, Shanghai, Beijing, Auckland and Christchurch. Its Australian offices are in Melbourne, Sydney and Adelaide.

Brands that have partnered Proof & Company Australia in recent years include The Everleigh Bottling Co. and Husk Distillery. 

The company said in a statement: “This week, we made the difficult decision to place Sa’Pere Drinks, trading as Proof & Company Australia, into voluntary administration. This decision was not made lightly. It reflects the challenges of a local economic downturn and a changing landscape…

Earlier in the week, Gensol’s Managing Director, Anmol Singh Jaggi, and Whole-time Director, Puneet Singh Jaggi, resigned from their positions following an interim order by the Securities and Exchange Board of India (SEBI). The order alleged that the Jaggi brothers diverted funds intended for purchasing electric vehicles for their affiliate, BluSmart, for personal use, including the acquisition of a luxury apartment in Gurugram and high-end golf equipment.

New Delhi, May 14 (PTI) Indian Renewable Energy Development Agency (Ireda) on Wednesday said it has filed a bankruptcy application against beleaguered Gensol Engineering before the National Company Law Tribunal.

According to a regulatory filing, Ireda has filed an application on May 14, 2025, under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Gensol Engineering Limited, a listed company bearing an amount of default of Rs 510,00,52,672 (about Rs 510 crore).

Last month, in an interim order, Sebi barred Gensol Engineering and…

New Delhi: Indian Renewable Energy Development Agency (Ireda) on Wednesday said it has filed a bankruptcy application against beleaguered Gensol Engineering before the National Company Law Tribunal.

According to a regulatory filing, Ireda has filed an application on May 14, 2025, under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Gensol Engineering Limited, a listed company bearing an amount of default of Rs 510,00,52,672 (about Rs 510 crore).

Last month, in an interim order, Sebi barred Gensol Engineering and promoters — Anmol Singh Jaggi and Puneet Singh Jaggi — from the securities markets till further orders in a fund diversion and governance lapses case.

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Shares of Gensol Engineering hit 5% upper circuit on May 15 even as Indian Renewable Energy Development Agency (Ireda) on May 14 said it has filed a bankruptcy application against the beleaguered firm before the National Company Law Tribunal.

According to a regulatory filing, Ireda has filed an application on May 14, 2025, under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Gensol Engineering Limited, a listed company bearing an amount of default of Rs 510,00,52,672 (about Rs 510 crore).

At 10:40 am on May 15, Gensol Engineering’s shares on BSE were trading 5% higher at Rs 62.44 apiece, this is the third straight upper circuit that the stock…

New Delhi: Indian Renewable Energy Development Agency (Ireda), a government-owned financial agency, has filed for insolvency against Gensol Engineering. This step comes after Gensol failed to repay a loan of ₹510 crore. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code and was disclosed in a stock exchange filing on Wednesday.

If the National Company Law Tribunal (NCLT) accepts this insolvency plea, a court-appointed professional will take over the debt resolution process. All lenders can then register their…