CCI approves PNC Infratech’s proposal to acquire debt-ridden Jaiprakash Associates in insolvency proceeding. New Delhi, Sep 16 (PTI) Fair trade regulator CCI on Tuesday said it has given in-principle approval to PNC Infratech’s proposal to acquire debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency proceeding. “The proposed combination relates to the…
Hamilton, Bermuda, 16 September 2025: On 21 February 2025, by Order of the Supreme Court of Bermuda, Mr. Michael Penrose of EY Bermuda Ltd., 3 Bermudiana Road, Hamilton, HM08, Bermuda, and Mr. Igal Wizman of EY Bahamas Ltd., Caves Corporate Centre, West Bay Street & Blake Road, Nassau N-3231, The Bahamas, were appointed as Joint…
De Facto Director Liable for Insolvent Trading Lexology Read the original article here
Texas insurer New Century placed into liquidation by court The Insurer Read the original article here
Pakistan has achieved a rare financial milestone as the Ministry of Finance confirmed early repayment of Rs2,600 billion in Pakistan debt. This is the first time in the country’s history that such a massive repayment has been made ahead of schedule. Officials highlighted that the nation’s debt position has become more sustainable than in earlier…
The Insolvency and Bankruptcy Board of India (Disciplinary Committee) has held that the act of forfeiting Earnest Money Deposit (EMD) of Rs. 2 crore deposited by Kineta Global Limited is beyond the terms of the process documents. Mr. Subburengan Hari Karthik, who is an Insolvency Professional (IP) registered with the Insolvency and Bankruptcy Board of…
In a recent case, the National Company Law Tribunal (NCLT) Mumbai Bench initiated the Corporate Insolvency Resolution Process (CIRP) against the corporate applicant on finding a default due payable. The Company Petition is filed under Section 10 of the Insolvency and Bankruptcy Code, 2016 (“Code”) by Asis Corporate Advisors Limited (“Corporate Applicant/ACAL”), seeking to initiate…
The National Company Law Tribunal (NCLT) Mumbai Bench admitted the petition for Corporate Insolvency Resolution Process (‘CIRP’) on finding that the Corporate Debtor has defaulted in repayment of financial debt over minimum threshold of Rs. 1 crore under section 4 of the Insolvency & Bankruptcy Code 2016 (IBC). The Applicant- JM Financial Credit Solutions Limited…
A South African crypto investment company, NTC Global Trade, has officially been placed under provisional liquidation by the Pretoria High Court, marking the collapse of yet another high-profile scheme in the country’s crypto investment scene. The ruling follows the resignation of the company’s Business Rescue Practitioner (BRP), Kurt Knoop, who stepped down citing death threats.…
– Advertisement – – Advertisement – – Advertisement – ISLAMABAD, Sep 16 (APP):The Ministry of Finance said here on Tuesday that Pakistan’s debt sustainability has improved with the Debt-to-GDP ratio falling from 74 percent in Fiscal Year 2022 to 70 percent in Fiscal Year 2025, supported by early repayments, lower refinancing risks and major interest…