Malaysian court rules against Resort World Sentosa in pursuit of US$6.6 million gambling debt: report IAG – Inside Asian Gaming Read the original article here
In a significant verdict, the Supreme Court on Tuesday ruled that liabilities arising from corporate guarantees squarely constitute “financial debt” under the Insolvency and Bankruptcy Code (IBC). A bench comprising justices PS Narasimha and Alok Aradhe upheld the validity and enforceability of corporate guarantees and recognised a consortium of banks led by State Bank of…
Omkar Speciality Chemicals Announces Capital Restructuring Plan Under Insolvency Resolution Process scanx.trade Read the original article here
SC holds SBI-led consortium of banks as financial creditors in Reliance Infratel case ETLegalWorld.com Read the original article here
Changes in insolvency rules unlikely to uplift recovery rates for ARCs, lenders: Reports Mumbai, The recent amendments to the Insolvency and Bankruptcy Code are unlikely to uplift the recovery rates for lenders, asset reconstruction companies, and security receipt (SR) investors, but may help improve recovery predictions, analysts said on Tuesday. Mandating admission within 14 days…
Brazil’s Lula to launch $20 billion debt relief program Investing.com Australia Read the original article here
The government asked farmers who have open contracts with Monette Seeds to contact the court-appointed monitor FTI Consulting Canada Inc. at 1-833-417-0766. Payment complaints can be filed here: https://grainscanada.gc.ca/…. Monette Farms also is seeking approval of an initial $40 million debtor-in-possession financing with the ability to expand it to $90 million, according to court documents.…
Brazil’s Lula to launch $20 billion debt relief program Investing.com Read the original article here
Brazil’s Lula to launch $20 billion debt relief program By Investing.com Investing.com UK Read the original article here
The top court set aside the orders of the National Company Law Appellate Tribunal (NCLAT) and the National Company Law Tribunal (NCLT), which had previously stripped a consortium of Indian banks led by SBI of their status as financial creditors. The case arose during the Corporate Insolvency Resolution Process (CIRP) of Reliance Infratel Limited (RITL).…