Company court cannot interfere with sale of secured assets by a secured creditor – International Law Office (registration)

Introduction Conflicting high court decisions Company court’s interference Sale without court intervention Introduction In Pegasus Assets Reconstruction P Ltd v M/s Haryana Concast Limited(1) a division bench of the Supreme Court held that a company court (through the official liquidator) cannot wield any control in respect of a sale of secured assets by a secured…

China Plans Debt-for-Equity Swap Program to Help Reduce Corporate Debt – Nasdaq

Shutterstock photo WASHINGTONChina is planning a debt-for-equity swap program that could provide large companies mired in overcapacity a way to reduce their debt burdens, the country’s top central banker said on Thursday. The deepening slowdown in the world’s second-largest economy has heightened the need for Chinese authorities to come up with ways to…

China Plans Debt-for-Equity Swap Program to Help Reduce Corporate Debt – Wall Street Journal

April 14, 2016 11:59 a.m. ET WASHINGTONChina is planning a debt-for-equity swap program that could provide large companies mired in overcapacity a way to reduce their debt burdens, the countrys top central banker said on Thursday. The deepening slowdown in the worlds second-largest economy has heightened the need for Chinese authorities to come up with…