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Stayble proposes voluntary liquidation – aims to sell intellectual property assets

Research company Stayble Therapeutics has convened an extraordinary general meeting on May 7 to decide on voluntary liquidation, or alternatively, continued operations. The company, which develops injectable treatments for chronic back pain, has for some time unsuccessfully sought partnerships and financing to advance the STA363 project. The board is therefore proposing liquidation with the aim…

Morgan Stanley Investment Management Provides $875MM Debt Financing to Bridgepointe

Funds managed by Morgan Stanley Private Credit have led an $875 million senior debt financing package for Bridgepointe Technologies, a technology advisory and enablement services platform. The debt financing was provided alongside the creation of a continuation vehicle led by Carlyle AlpInvest, alongside an equity investment from existing investor Charlesbank Capital Partners and Bridgepointe management.…

Section 7 IBC Limitation Runs from Date of NPA; IRP’s Admission Not Acknowledgment: Supreme Court Sets Aside CIRP Admission

The Supreme Court of India has set aside the orders of the National Company Law Appellate Tribunal (NCLAT) and the National Company Law Tribunal (NCLT) admitting a corporate insolvency process, clarifying that the period of limitation for a Section 7 application under the Insolvency and Bankruptcy Code (IBC) must be reckoned from the date the…

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No Cookies | Herald Sun

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