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NEW DELHI: The Supreme Court today agreed to hear IDBI Bank’s plea seeking modification of its order staying insolvency proceedings against embattled real estate firm Jaypee Infratech on September 11. A bench comprising Chief Justice Dipak Misra and Justices Amitava Roy and A M Khanwilkar considered the submission of the bank that staying the order…
A total of about 150 Sobeys office employees in Nova Scotia have been given layoff notices, including 100 people at the corporate head office in Stellarton. Another 25 affected workers in Nova Scotia are located in Dartmouth, and the remainder were working in smaller offices throughout the province. The Nova Scotia workers are only a…
Beena Parmar Moneycontrol News The amended Insolvency and Bankruptcy Code may weed out the majority of promoters from bidding on assets undergoing court proceedings and could also deepen losses for banks. President Ram Nath Kovind gave his assent to an ordinance amending the Insolvency and Bankruptcy Code (IBC) on Thursday, barring errant promoters. While lawyers…