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A service for global professionals · Friday, April 18, 2025 · 804,480,761 Articles · 3+ Million Readers
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  • Published on 10:01 GMT

    Shriniwas Spintex reportedly emerges as winning bidder for Morarjee Textiles

    Image Courtesy: Inc. Magazine Against the total admitted pending debt claims of Rs. 892 crore (US $ 104.46 million) , Wardha-based Shriniwas Spintex Industries has been proclaimed the successful bidder to acquire Ashok Piramal Group’s Morarjee Textiles, …

    Source: Apparel Resources - Pending
  • Published on 07:41 GMT

    Statutory Protection Under Maharashtra Rent Control Act Can't Be Circumvented By Invoking Arbitration Petition To Seek '...

    The Bombay High Court bench of Justice Somasekhar Sundaresan has held that the jurisdiction under Section 9 of the Arbitration and Conciliation Act, 1996 (“the Act”) cannot be invoked to circumvent the statutory protection afforded to tenants under the …

    Source: Live Law - Neutral
  • Published on Apr 17, 2025

    Shriniwas Spintex wins bid for Morarjee Textiles

    Wardha-based Shriniwas Spintex Industries has been declared as the winning bidder to take over Ashok Piramal Group's Morarjee Textiles, with a ₹156 crore offer against the total admitted pending debt claims of ₹892 crore. Shriniwas will be making 30% …

    Source: The Economic Times - Pending
  • Published on Apr 17, 2025

    The Way I See It: Confessions of An Aging Lawyer

    Recently, I represented a secured creditor in a court case. The debtor, a farmer, needed to sell the cattle and farm equipment, my client’s loan collateral. The bankruptcy judge must give prior approval for such a sale. But this time, the sale happened …

    Source: The Montpelier Bridge - Vermont - Neutral
  • Published on Apr 17, 2025

    Supreme Court Weekly Round-up: April 07, 2025 to April 13, 2025

    Nominal Index Citations Karandeep Sharma @ Razia @ Raju v. State of Uttarakhand 2025 LiveLaw (SC) 398 G.C. Manjunath & Ors. v. Seetaram 2025 LiveLaw (SC) 399 Amritpal Jagmohan Sethi v. Haribhau Pundlik Ingole 2025 LiveLaw (SC) 400 Securities and …

    Source: Live Law - Neutral
  • Published on Apr 17, 2025

    Workers win redundancy pay claim against collapsed Perthshire firm Hadden Construction

    Employees made redundant after Hadden Construction plunged into administration have been awarded compensation after taking the firm to court. The Perthshire company, which collapsed last year with debts of more than £10 million, failed to consult staff …

    Source: The Courier Evening Telegraph - Pending
  • Published on Apr 16, 2025

    Private Credit Restructuring: Strict Foreclosure Spotlight

    Chapter 11 is expensive and not always the right tool, particularly for a restructuring of a company with a broken balance sheet, as compared to a business with a broken business model. We have seen a significant uptick in out-of-court activity and clients …

    Source: JD Supra - California - Neutral
  • Published on Apr 15, 2025

    Ascot Provides an Update on Mine Development & Restart of Operations

    VANCOUVER, British Columbia, April 15, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to provide an update of its activities related to the restart of operations at the Premier Gold Project (…

    Distribution channels: Culture, Society & Lifestyle, Mining Industry ...
  • Published on Apr 15, 2025

    Bankruptcies at suburban senior homes collectively cost residents millions of dollars in entrance fees

    A recent bankruptcy filing by a network of senior living facilities in Illinois and Indiana highlights the financial risk posed to residents who pay large entry fees to continuing care retirement communities, but get limited government protections, senior …

    Source: Chicago Tribune - Illinois - Center-right
  • Published on Apr 15, 2025

    Former Dunedin pub operator leaves trail of debt

    A company that once operated a popular South Dunedin tavern has been liquidated, leaving behind more than $100,000 of remaining debt. Akuhata Ltd was put into liquidation in February last year, with Trevor and Emma Laing appointed liquidators. The company …

    Source: Otago Daily Times - Neutral
  • Published on Apr 15, 2025

    Aussie home builder Stokes Wheeler collapses owing almost $20million to staff and creditors

    By ASHLEY NICKEL FOR DAILY MAIL AUSTRALIA Published: 03:25 EDT, 15 April 2025 | Updated: 04:08 EDT, 15 April 2025 Administrators warned the creditors of a recently collapsed company its bills neared $20million, meaning they're unlikely to recover their …

    Source: Daily Mail - Right-wing
  • Published on Apr 15, 2025

    Failed Dunedin restaurant owes $300k

    Creditor claims totalling nearly $300,000 have been received for a former Dunedin restaurant which went into liquidation last year. Mexican eatery Alley Cantina, which operated in a lane off George St, closed last June and liquidators Trevor and Emma Laing …

    Source: Otago Daily Times - Neutral
  • Published on Apr 14, 2025

    Sheriff Neal Reports 86 Countywide Arrests Last Week

    Last week in Bowie County, Texas, Sheriff Jeff Neal says a total of 86 people were arrested for various crimes around the county. Bowie County deputies arrested 29 out of the 86, and other law enforcement agencies turned over 57. This report is from the …

    Source: Majic 93.3 - Arkansas - Pending
  • Published on Apr 14, 2025

    Burns liquidators considering options

    Liquidators of Burns Group 2018 Ltd — which owes more than $2 million — are considering their options to enforce an agreement for the sale and purchase of its shares in a subsidiary company. An order was made in the High Court at Dunedin in March, 2023, to …

    Source: Otago Daily Times - Neutral
  • Published on Apr 14, 2025

    Debts from collapse of MatchesFashion rise to £50m

    The amount owed to Burberry, Prada, Gucci and other creditors from the collapse of MatchesFashion has risen to £50 million, leaving hundreds of suppliers likely to be left out of pocket. The luxury brands are among the 956 unsecured creditors to the …

    Source: The Times - Center-right
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