Reliance Infrastructure Seeks SEBI Review of Weekly Trading Restriction Under Insolvency-Linked ASM Framework

Reliance Infrastructure Limited on Sunday said that it has sought a review of the insolvency-related surveillance framework, under which trading in the company’s stock is allowed only once a week. Reliance Infrastructure Limited, in a statement, said it has submitted a formal representation to the Securities and Exchange Board of India (SEBI), National Stock Exchange…

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Court Ruling Provides ‘Backdoor’ Access To Bankruptcy Relief For Some Marijuana Companies As Rescheduling Unfolds(Op-Ed)

“With rescheduling, it is possible that medical cannabis operations might have similar success filing a chapter 11 in the near future.” By Michael Brandess and Steve Levine, Husch Blackwell LLP The cannabis business can be challenging. Margins are often pretty thin. Customers are fickle. And taxes are pretty high. While other industries have similar problems,…

NCLAT Quashes Insolvency Proceedings Against Ligare Aviation, Calls Transactions ‘Round Tripping of Money’

The National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against Ligare Aviation Ltd, holding that the NCLT erred in admitting the plea filed by Religare Enterprises without properly examining the nature of the underlying transactions, which was “only round tripping of money” and not “any genuine financial transaction”. In a strongly worded…

Videocon Q2 Loss Widens to Rs 2,410 Crore Amid Insolvency Process – Indian Television Dot Com

MUMBAI: The screen may have gone dark years ago, but the financial static is still getting louder. Videocon Industries’ long-running insolvency saga deepened in the quarter ended September 30, 2024, with the company reporting a net loss of Rs 2,410.44 crore, highlighting the severe financial and operational challenges it continues to face under the Corporate Insolvency…