Stressed power generations firms face tough insolvency journey in court – Business Standard

The chances of stressed power generation units landing in the insolvency court have increased after the Reserve Bank of India revised last month its framework for the resolution of non-performing assets. A more worrying aspect, according to sector analysts, is that these assets totalling more than 80,000 megawatts across operational and under-construction projects may…

Education Dept.’s mishandling of student debt relief claims creating headaches for applicants – Washington Post

Betsy DeVoss Education Department has mistakenly kicked student loan borrowers out of forbearance. (Ted S. Warren/AP) Chad Godfroy has saved every email from the U.S. Department of Education since submitting an application in 2015 to have his federal student loans cancelled. Despite the continued wait, Godfroy, 38, took comfort in knowing his payments would be postponed as long…

Omega Announces Restructuring Plan for Orianna Facilities – Business Wire (press release)

DALLAS–(BUSINESS WIRE)–Omega Healthcare Investors, Inc. (NYSE:OHI) (the Company or Omega) today announced that its tenant, 4 West Holdings, Inc. (Orianna) and certain of its affiliates (the Debtors), commenced voluntary Chapter 11 proceedings in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. The action is styled In re 4 West Holdings,…

CCI approves acquisition of Binani Cement by Dalmia Bharat Cement – Livemint

Binani Cement is currently undergoing a corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 (IBC). Photo: Bloomberg New Delhi: The Competition Commission of India (CCI) on Wednesday unconditionally approved the proposed acquisition of Binani Cement Ltd by Rajputana Properties, subsidiary of Dalmia Bharat Cement Ltd. Binani Cement is currently undergoing a corporate…

Cenveo, Inc. Receives Final Approval For $290 Million In DIP Financing – Markets Insider

STAMFORD, Conn., March 7, 2018 /PRNewswire/ — Cenveo, Inc. (OTCPK: CVOVQ) (the “Company”), a diversified manufacturer of print-related products including envelopes, custom labels, commercial print, and publisher solutions, today announced that the U.S. Bankruptcy Court for the Southern District of New York, White Plains has given final approval of the Company’s $290 million debtor-in-possession (“DIP”)…

Insolvency row: Liberty House highest preferred bidder for Amtek Auto India – Business Standard

Liberty House, part of Sanjeev Gupta’s global industrial group GFG Alliance, has been chosen as highest preferred bidder for Amtek Auto’s assets, which include 35 automotive component plants across India, Japan, Thailand and Spain, employing 6,000 people. The announcement of Liberty House as the successful preferred bidder was made in the committee of creditors…