Marijuana powerhouse Cookies risks āinsolvencyā after judgment MJBizDaily
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Taiwanese suppliers count up millions in losses as YT Industries reboots Bike Europe
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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 ā¹22.80 on the BSE.
At the NSE, shares of the firm surged 12.43 per cent to ā¹22.79.
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 ā¹14,535-crore acquisition proposal for the bankrupt infrastructure group.
Adani Enterprises, the flagship firm of Adani Group, outbid Vedanta…
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Local businesses will be hoping for measures which boost economic activity in next weekās Budget, as latest insolvency figures highlight a concerning upward trend in struggling companies.
This is according to the Midlands branch of the UKās 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: āThese latest statistics are being published against a background of…
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Corporate insolvencies rise as directors ārun out of roadā – Azets Insider Media Ltd
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Canadians are betting record sums online ā and falling in debt. Here’s how to dig out Airdrie City View
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Canadians are betting record sums online ā and falling in debt. Hereās how to dig out INsauga
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Facebook App: Open links in External Browser
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Facebook App: Open links in External Browser
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The National Company Law Tribunal (NCLT) at Kochi has recently held that the pendency of an appeal or any other proceeding before a different forum cannot be a valid ground for missing the strict deadlines for filing claims under the Insolvency and Bankruptcy Code (IBC), while refusing to condone a delay of 787 days by the Customs Department
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…
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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 Pieterseās 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…
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eThekwini Municipality’s debt relief programme boosts property transactions in Durban IOL


