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Special judge Arun Bhardwaj passed the order, noting the adjudicating authority approved JSW’s application of taking over Monnet Ispat via a resolution under the Insolvency and Bankruptcy Code (IBC).
Congressional Republicans are still plotting out the strategy and details of the budget reconciliation bill they want to use to pass major portions of President-elect Donald Trump’s agenda. Trump met with various factions of House Republicans at his Mar-a-Lago resort this weekend, where he reportedly learned that his party is not at all settled on the “one big, beautiful bill” approach to the legislation that he and House Speaker Mike Johnson prefer.
House Freedom Caucus members reportedly told Trump they would rather pursue the two-bill path favored by key senators, which would package border and energy measures in one early bill while leaving tax cuts for later.
Adding SALT: Trump also met with a contingent of Republicans…
Iconic brands and companies that have flourished for over a century are being damaged, wiped out, or transformed all around the global as a result of the ongoing pandemic.
Some have their stores scattered across our cities, some are unseen threads in the fabric of our country’s economy. Their products are in our homes, their airplanes flew us to new and familiar destinations, their creations entertained us. The consequences of a company filing for bankruptcy go beyond those of the entrepreneurs, the workers, the creditors involved. Entire societies and ways of living have radically shifted—the spillover effects are not only financial but often personal and deeply emotional.
New York (CNN) — Even the power of Marie Kondo may not be enough to save the Container Store.
In 2019 and 2020, the Container Store got a big boost from “Tidying Up,” the hit Netflix show from the home de-cluttering evangelist. Customers rushed into stores to buy storage bins, pantry and drawer organizers, shelves and other goods to organize the junk in their homes, helping drive up the company’s sales. The Container Store in 2021 launched a partnership with Kondo to design exclusive products for the chain.
“When ‘Tidying Up’ premiered in 2019 and consumers immediately connected decluttering and…
What they call a “Cronxortium” has come together to salvage a New Addington brewery.
Coming up smelling of hops: phoenix brewer Mark Russell
But rather than save the Cronx Brewery company, the group has staged what is known as a “phoenix operation”, potentially evading tens of thousands of pounds’ worth of debts while leaving other small businesses in their supply chain unpaid and out of pocket. They will probably dodge a few quid owed to the taxman, too.
Inside Croydon reported exclusively last week that a meeting of directors of the Cronx Brewery and its Croydon High Street bar, the Cronx Tap, had agreed to file for voluntary liquidation. That meeting was staged in the London Wall offices of their liquidators on…
New Delhi, Jan 13 (PTI) JSW Energy on Monday announced it has emerged as a successful applicant to acquire KSK Mahanadi Power Company, which owns 3,600 MW thermal power plants, under insolvency proceedings. This follows the approval by the Committee of Creditors, with the closure of the transaction subject to the necessary regulatory approvals from the National Company Law Tribunal and Competition Commission of India, a company statement said. JSW Energy has been declared a successful applicant and received a letter of intent (LoI) from the Resolution Professional for its resolution plan submitted for KSK Mahanadi Power Company Ltd (KMPCL) under the corporate insolvency resolution process of the Insolvency and Bankruptcy…
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