Future Retail resolution professional pushes for new bidding round; lenders reject proposal – The Economic Times

Mumbai: Deloitte-backed resolution professional Vijaykumar Iyer sought a fresh opportunity to seek new bids for Future Retail, springing a surprise for the lenders that rejected Space Mantra‘s Rs 550-crore buyout offer Saturday evening, people aware of the development told ET. Instantly and unanimously, lenders rejected his proposal to restart the process, the people said.Voting results…

All staff made redundant as Zadro Constructions enters administration – 7NEWS

Western Sydney construction company Zadro Constructions entered voluntary administration last month, and is unlikely to resume trading in the future. All seven staff members were made redundant as the Penrith company joined a growing number of the industrys businesses going bust. Grant Thornton administrators John McInerney and Cameron Crichton were appointed on September 15, and…