NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP – MSN
NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP MSN Read the original article here
Marelli Approved to Borrow $519 Million at Start of Bankruptcy – Bloomberg.com
Marelli Approved to Borrow $519 Million at Start of Bankruptcy Bloomberg.com Read the original article here
Gensol group faces insolvency over Ireda dues
BENGALURU: The National Company Law Tribunal (NCLT), Ahmedabad has admitted two separate insolvency petitions filed by Indian Renewable Energy Development Agency (Ireda) against Gensol Engineering (GEL) and its subsidiary Gensol EV Lease (GEVL), initiating corporate insolvency resolution processes (CIRP) against both companies.In the case of Gensol Engineering, the tribunal admitted Ireda’s petition for defaulted dues…
Former Operator of Curaçao’s Oldest Hospital Declared Bankrupt
WILLEMSTAD – The Sint Elisabeth Foundation (Stichting Sint Elisabeth), successor to the entity that operated Curaçao’s oldest hospital until the end of 2019, has been officially declared bankrupt. The Court of First Instance issued the ruling this week after the foundation’s warnings about its financial distress went unheeded. The foundation had filed claims against the…
What debt relief companies can (and can’t do) for your credit card debt
There can be a lot of benefits to pursuing debt relief, but the process has its limitations, too. Getty Images Crushing credit card balances, sky-high interest rates and minimum payments you can barely afford: If this sounds familiar, you may be looking for solutions to help solve your debt problems before they get worse. And,…
MBK Partners selling struggling Korean retail chain Homeplus
(June 13): South Korea’s troubled retail chain Homeplus Co opened itself up to a takeover as its private equity owners seek to avoid the firm’s liquidation. MBK Partners Ltd is seeking to find a buyer for Homeplus after a recent review showed the company’s liquidation value exceeds its going-concern value, according to an MBK Partners…