New Delhi: Billionaire Gautam Adani’s group and FMCG major Patanjali Ayurveda are among 26 companies that have shown interest in acquiring debt-laden Jaiprakash Associates Limited (JAL), which is currently undergoing insolvency proceedings.

Jaiprakash Associates, a key player in sectors like real estate, cement manufacturing, hospitality, and engineering & construction, was admitted into the Corporate Insolvency Resolution Process by the National Company Law Tribunal (NCLT), Allahabad Bench, on June 3, 2024.

The proceedings were initiated after the company defaulted on repayment of massive loans.

According to a stock exchange filing, companies such as Adani Enterprises, Torrent Group, Jindal Power, Dalmia Cement, Oberoi…

Cosmetics and beauty retailer The Body Shop’s operations in New Zealand have entered liquidation, resulting in the cessation of all storefront operations and the loss of 70 jobs.

An announcement on The Body Shop’s website confirms that all bricks-and-mortar locations have ceased operations indefinitely, and the online store has halted order fulfilment.

A statement on the website reads: “We extend our heartfelt gratitude to our valued customers for your unwavering support throughout the years. Your passion for our products and ethical values has meant everything to us.”

Official records from the New Zealand Gazette indicate that the liquidation process commenced on 27 March 2025, with Neale Jackson and Daniel Stoneman from…

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By Rukayat Moisemhe

The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has partnered with the Federal High Court to streamline processes within the insolvency division and enhance the administration of business recovery in the country.

BRIPAN President, Mr Chimezie Ihekweazu, disclosed this in a communiqué made available to the News Agency of Nigeria (NAN) on Saturday in Lagos.

NAN reports that BRIPAN is a professional body involved in business recovery and insolvency, promoting best practices and managing financially distressed individuals and businesses.

Ihekweazu, who is also a Senior Advocate of Nigeria (SAN), said the collaboration aims to simplify insolvency proceedings…

Higher borrowing costs, together with uncertainty about the outlook for the UK economy, and its implications for corporate earnings, supports the deteriorating credit risk picture over the next year.

Moody’s baseline economic scenario for the UK assumes that economic growth will continue to be below potential for some time. Annual real GDP growth for the UK is forecasted to be an anemic 0.65% in 2023, weakening further to 0.34% in 2024 under the baseline scenario. The scenario also anticipates that the BoE will not implement further rate hikes, but that rate cuts would be expected to start only in mid-2024, while the return to the long-run equilibrium rate of 2% is expected to be much more gradual.¹

The higher-for-longer rates…

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The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has partnered with the Federal High Court to streamline insolvency division processes to boost the administration of business recovery in the country.

President, BRIPAN, Mr Chimezie Ihekweazu, said this in a communique made available to the News Agency of Nigeria (NAN) yesterday in Lagos.

NAN reports that BRIPAN is a professional body involved in business recovery and insolvency, promoting best practices and handling financially troubled individuals and businesses.

Ihekweazu, also Senior Advocate of Nigeria (SAN), said the collaboration would streamline insolvency proceedings and processes.

Insolvency division is a section within a legal or…

Others who showed interest in acquiring Jaiprakash Associates Ltd (JAL), currently under insolvency proceedings initiated to recover defaulted loans, include Ahmedabad-based Torrent Group, Jindal Power, Dalmia Cement, GRM Business, Oberoi Realty and Kotak Alternate Asset Managers Ltd, according to a…

With 59% of Indians getting less than six hours of uninterrupted sleep, experts explain that the body tracks sleep debt by considering both duration and quality. Many focus on sleep hours, but experts recommend prioritising sleep quality too.
Dr Urvi Maheshwari, an internal medicine expert at a private hospital, says, “Poor sleep due to waking up frequently, tossing, and turning can lead to sleep debt, even if the total sleep duration seems sufficient. It’s essential to get uninterrupted, restful sleep at night.”
She adds, “The best approach is to gradually recover lost sleep by improving sleep habits, sticking to a consistent sleep schedule, and ensuring good sleep quality — rather than trying to sleep for 9 or more hours…

Jaiprakash Associates issued the provisional list of eligible Prospective Resolution Applicants (PRAs) under Regulalation 36A(10) of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations 2016 (CIRP Regulations) on April 4, 2025.

A total of 26 Prospective Resolution Applicants (PRAs) submitted Expressions of Interest to the Company and have met the preliminary eligibility criteria. These PRAs feature names like Adani Enterprises Limited, Asset Reconstruction Company (India) Limited, Authum Investment & Infrastructure Limited, Dalmia Cement (Bharat) Limited, GMR Business & Consultancy LLP, Jaypee…