Join prevention staff from the Center for Alcohol & Drug Services, Inc. at 1 p.m. Wednesday on Zoom to learn about the often hidden addiction of gambling. For many, gambling is a form of entertainment but for others, gambling can lead to debt, bankruptcy, and failed relationships, a news release says. Participants in the presentation,…
The once high-flying Chinese conglomerate HNA Group Co. Ltd. is seeking strategic investors for its airline, airport and retail businesses after receiving court approval to include the giant and 320 of its related companies in a single bankruptcy restructuring case. HNAs decision, made public Friday in three separate announcements by its restructuring team, offers a…
As part of its global cost restructuring plans, Finnish telecom giant Nokia will lay off around 1,500 employees in India. Through this cost restructuring, the telecom bellwether aims to increase investment towards research and development capabilities and reduce site fragmentation. The restructuring plans will hit Nokia’s global operations as well as its India operations. Consultation…
The worlds largest airlines have built up a mountain of more than $300bn in net debt, a sign the pandemic will hamper recovery for years as carriers face paying back huge bills from rescue financing and state support. With hopes of a limited restart to travel in the summer, attention is turning to how quickly…
The sale of assets as a going concern under liquidation is very similar to a Resolution Plan during the insolvency and resolution process. By Nitin Jain The main objective of the Insolvency and Bankruptcy Code 2016 (IBC) is to maximize value for the creditors. Keeping in line with this objective, the regulator through an amendment…