Shares of Jaiprakash Power Ventures Ltd continued to remain in high demand on Thursday, surging over 12 per cent during the morning trade.

The stock jumped 12.25 per cent to ₹22.80 on the BSE.

At the NSE, shares of the firm surged 12.43 per cent to ₹22.79.

In the previous trade also, the stock zoomed over 15 per cent at the BSE.

Business tycoon Gautam Adani has won the approval of creditors of Jaiprakash Associates (JAL) for its ₹14,535-crore acquisition proposal for the bankrupt infrastructure group.

Adani Enterprises, the flagship firm of Adani Group, outbid Vedanta…

Local businesses will be hoping for measures which boost economic activity in next week’s Budget, as latest insolvency figures highlight a concerning upward trend in struggling companies.

This is according to the Midlands branch of the UK’s restructuring, turnaround and insolvency trade body R3 and comes on the back of new statistics published by the Insolvency Service which show that corporate insolvencies in England and Wales increased by 2% in October to a total of 2,029 compared to the previous month, and by 17% against the October 2024 figure of 1,739.

R3 Midlands chair Stephen Rome, a partner at law firm Penningtons Manches Cooper in the region, said: “These latest statistics are being published against a background of…

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A coram of Judicial Member Vinay Goel and Technical Member Madhu Sinha observed,

“The pendency of an appeal or other proceeding before a different forum cannot be considered a sufficient or valid ground for non-filing of a claim within the prescribed period. If such a plea is accepted, it would defeat the very purpose of a time-bound liquidation process and open the floodgates for stale claims…

The deal was strict but straightforward: if municipalities paid their current Eskom accounts in full for 12 consecutive months and met other technical conditions (such as restricting borrowing and implementing smart metering), the Treasury would assume their historic debt in three annual tranches.

However, information released to BizNews by DG Duncan Pieterse’s team at the National Treasury following a recent lockup presser confirms that for the majority of applicants, the discipline required to maintain these conditions has proven elusive.

The Western Cape clean sweep

The data reveal distinct differences in governance quality across provinces. The Western Cape achieved a 100% success rate for its applicants.

Four Western Cape…