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…
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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…
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Royal Caribbean cruise guest dives overboard ‘to avoid paying £12,000 gambling debt’ MSN
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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.
Dermatologist Rod Sinclair, developer of the “hairy pill”, is offloading a property on Royal Parade in…
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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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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
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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,…
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Leicester gift shop enters liquidation as assets go to auction TheBusinessDesk.com
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