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MBL Infrastructure Ltd (MBL) today announced a significant development in the Corporate Insolvency Resolution Process (CIRP) of its wholly-owned subsidiary,
Understanding the Administration of Bowen Coking Coal Financial Crisis Triggers Administration Process The Burton Coal Complex in Queensland's Bowen Basin
A man is in custody after jumping overboard from a cruise ship as it docked in Puerto Rico. The man allegedly tried to jump ship and bypass immigration and customs due to a gambling debt. The man in question, Jey González-Díaz, was picked up by people on a jet ski and tried to disappear into San Juan without detection. It feels like something straight out of a comedic thriller. Here’s what we know about the wannabe escape artist.
A man jumped from a cruise ship docking in Puerto Rico
Jey González-Díaz attempted a daring escape from a cruise ship docking in San Juan, Puerto Rico. The passenger jumped from the ship and was picked up by people on a jet ski. The moment was captured with the cruise ship’s…
Noida: Calling it fraudulent misuse of insolvency law, appellate tribunal NCLAT has ruled there will be no bankruptcy proceedings against Logix Infrastructure, observing that the litigant, Experts Realty Professionals (ERP), and the Noida-based developer were actually “related parties” and moving the tribunal was nothing but “a guise” to shield Logix from financial liabilities.In doing so, NCLAT upheld National Company Law Tribunal’s (NCLT) Feb 2025 order recalling corporate insolvency proceedings against Logix Infrastructure, developer of the troubled Blossom County housing project in Sector 137.Dismissing ERP’s petition against the NCLT order, Justice N Seshasayee, member (judicial), and Arun Baroka, member (technical), of NCLAT’s…
MBL Infrastructure Ltd (MBL) today announced a significant development in the Corporate Insolvency Resolution Process (CIRP) of its wholly-owned subsidiary, MBL (MP) Toll Road Company Ltd (MPTRCL). The Adjudicating Authority has approved the resolution plan submitted by MBL, effectively bringing MPTRCL out of insolvency.
The approval, granted via an order dated September 12, 2025, restates the powers of MPTRCL’s Board of Directors. As part of the resolution plan, MBL will infuse Rs 9.11 crores in equity into MPTRCL. This amount includes an Earnest Money Deposit (EMD) and Performance Security of Rs 2 crores already held in an escrow account.
The funds, along with MPTRCL’s existing cash, bank balance, liquid assets…
Running a cruise line seems like shooting fish in a barrel. Ships are essentially a closed environment where operators have a captive audience to rake in revenue from. However, one passenger decided to reject that social contract and took a leap off a Royal…
301 Flinders Lane was sold to an education group for about $24 million.
However, a more recent report shows intercompany loans of $13.3 million were made from Harrolds Logistics to entities controlled by the Poulakis family, and MacNeil was looking to recoup the cash. He did not return inquiries, and Ross Poulakis said he was unavailable to comment or discuss the matter.
Cushman & Wakefield’s Oliver Hay and Daniel Wolman are handling the property but declined to comment. It’s understood they also sold 301-311 Flinders Lane.
Meanwhile, former Harrolds staff have recently revived the retailer’s operations in Sydney.
Harcourt
Dermatologist Rod Sinclair, developer of the “hairy pill”, is offloading a property on Royal Parade in…
It’s not exactly a struggle anymore to swing through a fast food drive-thru on the way home and find healthy alternatives. There are Chick-fil-A’s grilled chicken nuggets and Wendy’s apple pecan salad, among other low-carb fast food options that won’t ruin your diet, but these options weren’t always as readily available as they are today. In the late 1970s and early 1980s, a fast food chain named D’Lites took over the industry with healthy fast food options (which was unheard of at the time), but unfortunately, the bold idea didn’t even make it to its 10th anniversary.
Opened in 1978 in Norcross, Georgia, D’Lites was the premier fast food chain for burgers made with extra lean ground beef, low calorie options, salad bars, soup made from…
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Understanding the Administration of Bowen Coking Coal
Financial Crisis Triggers Administration Process
The Burton Coal Complex in Queensland’s Bowen Basin has entered voluntary administration as its owner, Bowen Coking Coal, faces mounting financial challenges. The restructuring firm McGrathNicol has appointed Mark Holland and Shaun Fraser as administrators to oversee the complex’s operations during this critical period. This administration places approximately 500 jobs at risk in north Queensland as the company grapples with significant debt claims exceeding $29 million.
According to administrators Mark Holland and Shaun Fraser, “This includes the operations at the Burton Mine Complex located in the Bowen Basin of Queensland,…