Jones Energy, Inc. Announces Court Confirmation of Prepackaged Plan of Reorganization – GlobeNewswire

AUSTIN, Texas, May 06, 2019 (GLOBE NEWSWIRE) — Jones Energy, Inc. (OTC Pink: JONEQ) (Jones Energy or the Company) today announced that the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the Court), confirmed the prepackaged Joint Chapter 11 Plan of Reorganization of Jones Energy, Inc. and its Debtor Affiliates (the…

CTI Foods Successfully Completes Financial Restructuring and Emerges from Chapter 11 – Global Banking And Finance Review

CTI Foods (CTI or the Company), a leading custom foodservice manufacturer supplying top U.S. restaurant chains and branded food companies, today announced that it has successfully completed its financial restructuring and emerged from Chapter 11. Through the expedited eight-week process, CTI has reduced its debt by more than $400 million and is moving forward with…

Commercial implications of RBI circular strike-down – Vantage Asia

The Supreme Court recently struck down the Reserve Bank of India Circular dated 12 February 2018 (RBI circular), which directed banks to mandatorily initiate corporate insolvency resolution process (CIRP) for defaulting companies with loan exposure of more than 20 billion (US$290 million) where restructuring efforts failed. The lenders were directed to file applications singly or…