IBA seeks exemption from shareholder nod in insolvent co sale – Daily News & Analysis

The banking industry has sought exemption from shareholder approval for change in capital structure or sale of assets or company during insolvency proceedings. Indian Banks’ Association (IBA), the umbrella body of banks, has sought the intervention of Insolvency & Bankruptcy Board of India (IBBI) to address a number of issues that may crop up while…

NCLT starts insolvency proceedings against Amrapali Infrastructure – Economic Times

ET Bureau| Sep 26, 2017, 12.49 AM IST Amrapali Infrastructure is into leasing of construction equipment and has a factory in Greater Noida that makes hollow core slabs and column beams for affordable housing projects. NEW DELHI: The principal bench of the National Company Law Tribunal (NCLT) on Monday admitted an insolvency petition against Amrapali…

AIG to restructure into three new units, marking CEO’s first big move – Yahoo7 News

AIG to restructure into three new units, marking CEO’s first big move By Suzanne Barlyn and Sweta Singh (Reuters) – American International Group Inc said on Monday it will reorganize into three new units and will no longer have separate commercial and consumer businesses, marking the first major strategic move by new Chief Executive Officer…

Drone Volt Acquires Majority of Bankrupt Aerialtronics – Unmanned Aerial

Aerialtronics’ Altura Zenith Drone Volt, a France-based manufacturer of drones, has announced it is buying the assets of Dutch unmanned aircraft systems (UAS) company Aerialtronics, which recently announced it would be seeking partners and investors following a solvency procedure. Drone Volt, taking majority control of Aerialtronics, says the strategic acquisition will strengthen its own position…

Battle of the Sexes Is a Buoyant Piece of Propaganda — But It’s Very Entertaining – Vulture

Battle of the Sexes is a buoyant piece of propaganda about a buoyant, propagandistic episode in American culture: the 1973 tennis match between 55-year-old Bobby Riggs a self-proclaimed chauvinist pig who crowed that women shouldnt play on the same courts as men and 29-year-old Billie Jean King, a crusader for womens rights and a budding…