IVRCL RP seeks EoI from potential applicants – Financial Express

Debt-laden IVRCL, which is undergoing insolvency process, said that its resolution professional (RP) has invited expression of interest (EoI) from potential resolution applicants. (Website) Debt-laden IVRCL, which is undergoing insolvency process, said that its resolution professional (RP) has invited expression of interest (EoI) from potential resolution applicants.  The company is facing insolvency proceedings after it…

‘No Insurance Company Has Insolvency Ratio Problem’ – NAICOM – Leadership Newspaper (press release) (blog)

Against the report by a national daily (not LEADERSHIP) that solvency ratio of five, out of 12 Nigerian insurers companies have fallen below regulatory threshold, the National Insurance Commission (NAICOM) has described the report as false and misleading. According to the refuted report, the five insurers whose solvency ratio are below the threshold are Aiico Insurance…

Restructuring pioneer Jay Alix sues McKinsey for racketeering – Reuters

WILMINGTON, Del., May 9 (Reuters) – The founder of corporate restructuring firm AlixPartners sued competitor McKinsey & Co on Wednesday, claiming the strategic consulting giant ran a criminal enterprise that concealed potential conflicts of interest from U.S. bankruptcy judges in order to land valuable advisory assignments. McKinsey and its affiliates committed bankruptcy fraud, mail fraud,…

New Clif Bar Scholarship Alleviates Debt to Help College Seniors Pursue Purposeful Careers – Sustainable Brands

Image credit: Shopify Burst Clif Bar & Company attributes its success to not selling out when the owners walked away from a $120 million buyout offer in 2000. Instead, they kept the company private and invented their five-bottom-line business model focused on sustaining the business, its brands, its people, the community and the planet. Now,…