Insolvency board IBBI issued a discussion paper to provide clarity on various operational aspects including those related to coordinated resolution of interconnected entities and streamlining of submission of resolution plans. The paper proposes several amendments to address operational challenges in the resolution framework. The IBBI has invited public comments on the discussion paper till February…
The recent Supreme Court ruling in Independent Sugar Corporation Ltd. (INSCO) v. Girish Sriram Juneja & Ors. has been hailed as a landmark judgment, fundamentally reshaping how insolvency and competition laws intersect in India. The verdict underscores the judiciary’s commitment to statutory compliance, reinforcing the principle that regulatory approvals must precede the approval of resolution…
Insolvency board IBBI issued a discussion paper to provide clarity on various operational aspects including those related to coordinated resolution of interconnected entities and streamlining of submission of resolution plans. The paper proposes several amendments to address operational challenges in the resolution framework. The IBBI has invited public comments on the discussion paper till February…
NEW DELHI: The Hyderabad bench of the National Company Law Tribunal (NCLT) on Thursday approved the Rs 16,084 crore resolution plan submitted by JSW Energy Limited for KSK Mahanadi Power Company Limited, a Chhattisgarh-based thermal power company. The corporate insolvency resolution process against KSK Mahanadi Power Company Limited was initiated by Power Finance Corporation Limited…
National Company Law Tribunal, Hyderabad has approved JSW Energy Limited‘s ₹ 16,084 crore Resolution Plan for KSK Mahanadi Power Company Limited, a Chhattisgarh-based thermal power company. JSW Energy Limited submitted the resolution plan under the Corporate Insolvency Resolution Process of KSK Mahanadi Power Company Limited. “Pursuant to the Challenge Process undertaken by the Resolution Professional…
Home News ‘America will go bankrupt if…’: Elon Musk flags concern over…, says Trump govt must… Elon Musk raised the issue of the country’s gigantic budget deficit, which has surged to over USD 1.8 trillion in the last financial year. POTUS Donald Trump and Elon Musk in the Oval Office during a discussion of DOGE’s…
“We have no reason to believe this will change in the foreseeable future,” the statement said. “It is taking longer than anticipated to finalise our financial results due to extenuating circumstances related to the once-in-a-generation transition to the new Sydney Fish Market. We are finalising the accounts with the appropriate level of due diligence, and…
A business which claimed to sell adult films has been shut down following concerns it was being used as a direct debit scam. Drawntear Ltd was wound-up at a hearing of the High Court in Manchester. The company, which said it was based in Hull before moving its registered office address to Kings Langley in…
Insolvency: Renault’s H2 subsidiary Hyvia fights to stay afloat www.electrive.com Read the original article here
U of A political scientist Fiona Nicoll says she has never seen anything like the viral spread of sports betting online. “I feel like we’re looking down the barrel of an enormous wave (like a surfer),” says Nicoll, who is a former Research Chair in Gambling Policy and local research co-ordinator for the Alberta Gambling…