Punj Lloyd Ltd. – Corporate Insolvency Resolution Process (CIRP)-Invitation of Resolution Plan – The Hindu BusinessLine

Liquidation

Subj:Disclosure under Regulation 30(2) read with Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 – Brief Particulars of Invitation of Resolution Plan of Punj Lloyd Limited Dear S/M, Pursuant to Regulation 30 (2) of Securities and Exchange Board Of India (Listing Obligations & Disclosure Requirements) Regulations, 2015…

Disclosure requests from insolvency practitioners not always a rock and a hard place – Accountancy Age

Bankruptcy

Requests made by liquidators, administrators and trustees in bankruptcy to professional accountants for information relating to an insolvent company or individual are commonplace. Yet despite existing ICAEW and ACCA guidance, there remains a lack of understanding around the extent of the accountants obligations in this context. What is the position? Upon a request by a…

British Steel collapse: Thousands of jobs at risk as firm becomes first major Brexit casualty – The Independent

Bankruptcy

British Steel has collapsed, putting more than 4,000 jobs directly at risk and threatening a further 20,000 in the companys supply chain. The company has been put into compulsory liquidationafter talks broke down between the government and British Steels private equity owners Greybull Capital. … Read the full article at: https://www.independent.co.uk/news/business/news/british-steel-collapse-insolvency-administration-job-losses-scunthorpe-a8924821.html

Ascent Capital Group and Monitronics International Announce Restructuring Support Agreement – Associated Press

Restructuring

ENGLEWOOD, Colo., May 21, 2019 (GLOBE NEWSWIRE) — Ascent Capital Group, Inc. (Ascent) (NASDAQ: ASCMA) today announced that its wholly owned subsidiary Monitronics International, Inc. (Monitronics or the Company) has entered into a Restructuring Support Agreement (the Support Agreement) with its largest creditors that will eliminate approximately $885 million in debt. Under the terms of…

Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

Liquidation

This is to inform you that the 16th Meeting of Committee of Creditors (CoC) was held on 15th May, 2019. In the meeting, the revised bids submitted by the Resolution applicants were placed before the COC members. After discussions on the Revised Bid and meeting with representatives of both Resolution Applicants i.e. SOM Distilleries Pvt…