PTI | Jun 03, 2024 09:39 PM IST Share Via Copy Link The Allahabad bench of the tribunal has also dismissed the merger of Jaiprakash Associates Ltd with Jaypee Infrastructure Development Ltd New Delhi, June 3 (PTI) The National Company Law Tribunal (NCLT) on June 3 directed to initiate insolvency proceedings against debt-ridden Jaiprakash Associates…
JAL was part of the Reserve Bank of India’s list of 26 big loan defaulters to commercial banks for initiating bankruptcy proceedings in August 2017. 3 min read Last Updated : Jun 03 2024 | 7:15 PM IST The National Company Law Tribunal (NCLT) on Monday directed to initiate insolvency proceedings against debt-ridden Jaiprakash Associates…
An Australian start-up that landed its products on Bunnings shelves has collapsed after a worker was crushed to death last year. The company Bardee launched five years ago and had raised $8 million from investors to develop technology that turned food waste into fertiliser and pet food by using billions of black soldier flies. In…
By Ashley Nickel For Daily Mail Australia Published: 19:09 AEST, 3 June 2024 | Updated: 19:09 AEST, 3 June 2024 An innovative company that landed a deal with hardware giant Bunnings to stock its products has collapsed following the death of a wo… Read the full article at: https://www.dailymail.co.uk/news/money/article-13487745/Superfly-Bardee-collapse-Bunnings.html
ProForm Foods, an Australian plant-based meat company and producer of the MEET brand, has entered voluntary administration. Gayle Dickerson and James Dampney of financial advisory firm KPMG Australia have been appointed as administrators, and the first meeting of creditors was reportedly held on May 30. ProForm Foods will continue to operate as normal during the…
Insolvency figures for April have shown a marked increase, says South and Thames Valley region of R3, the trade body for restructuring and insolvency professionals. New statistics for England and Wales show corporate insolvencies were up almost 20% compared with both March 2024, and with April last year. Data from The Insolvency Service also showed…
Hannah Hammoud Less than 15 months after the multi-million dollar Sunshine Private Hospital was officially unveiled, the hospital is now closed and has entered into voluntary administration. ABC Radio Melbourne reported on May 28, that the Sunshine Private Hospital was cancelling surgeries and relocating patients as it was placed into voluntary administration. Health Worker Union…
Proform Foods, Australias first commercial plant protein manufacturer whose investors include Twiggy Forrests Harvest Road, has gone into voluntary administration. The Proform group of companies will continue to operate as normal while administrators Gayle Dickerson and James Dampney from KPMG Australia assess the business. The companies subject to administration are Proform Food Group Pty Ltd,…
In the Indian banking sectors chase towards better NPA and distressed asset resolution governance, the Insolvency and Bankruptcy Code is a good tool. It surely has brought increased corporate accountability to the overall system. Especially considering what it has achieved so far and what it has taught as limitations so far. The first objective of…
2 hours ago Matthew Barlow,BBC News, Derby Leigh Timmis A bicycle manufacturer is to enter voluntary liquidation after almost 80 years crafting and designing bicycle frames. Mercian Cycles, based in Derby, launched in 1946 and has continued to create bespoke bikes by hand throughout its history. Its products have been used by cyclists who have…