Banks Transfer Debt To NARCL For Resolution In Key Move

The debt assignment marks a crucial step in addressing one of India’s longest-running corporate debt resolutions. JAL, classified as a non-performing asset since 2016, was admitted to insolvency proceedings last year. The Rs 12,000-crore transaction involves a State Bank of India-led consortium of 25 lenders, including major public and private sector banks and financial institutions.…

Nine Walleys Quarry staff laid off following company’s collapse | Local News | News | Stoke Nub News

All nine employees at Walleys Quarry landfill site have been laid off following the collapse of its operator. Walleys Quarry Ltd (WQL) entered voluntary liquidation last month, three months after the controversial Silverdale landfill site was issued with a closure notice. Michael Denny and Jonathan Marston, both of Brighton-based Alvarez & Marsal Europe LLP, have…