Debt-laden Jaypee Cement Corporation Limited (JCCL) has formally invited bids for its revival, kicking off a corporate insolvency resolution process (CIRP) that could reshape India’s cement sector. The resolution professional (RP) issued a detailed Expression of Interest (EoI) notice today, offering the company’s 1.2 million-tonne cement capacity and allied assets to potential investors. Key Assets on Offer…
41 Nigerian funds not playing in Europe/US markets Former Wirecard CEO, Markus Braun was arrested a few days ago (CREDITS: CNBC) European markets were gearing up for full business when news came that Wirecard, the German payments giant had filed for insolvency, but an analysis by Ortex, an equity analytics platform, has shown that hedge…
An expert committee with the Insolvency and Bankruptcy Board of India (IBBI) has proposed a new set of rules to avoid duplication of action against the erring insolvency professionals (IPs). In a report, the committee noted that parallel disciplinary actions by both IBBI and insolvency professional agencies (IPAs) for similar contraventions can be avoided, by…