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NCLAT stays insolvency proceedings against Coffee Day Enterprises till next date of hearing

The National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed the insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), which operates the Cafe Coffee Day chain, till the next date of hearing. The Chennai-based bench of the appellate tribunal stayed the operations of the NCLT order, over a petition filed by Malavika Hegde, Executive Director-CEO…

All qualifying North Carolina hospitals joining debt-relief

NC Gov. Roy Cooper says nearly 100 hospitals have agreed to participate in a first-of-its-kind initiative that could help low- and middle-income patients. RALEIGH, N.C. — All qualifying North Carolina hospitals have agreed to participate in a first-of-its-kind initiative that will give them higher Medicaid payments if the medical debt of low- and middle-income patients…

TopHat sees off winding-up attempt

Modular builder TopHat has avoided being wound up after agreeing a deal with one of its creditors. Developer Harworth filed winding-up petitions against two TopHat entities on 2 August, which were heard at the High Court in Leeds  yesterday (13 August). Both parties have agreed to dismiss the case, Construction News understands. The petitions, which…