JSW Energy Limited has received the Letter of Intent (LoI) for its resolution plan to acquire KSK Mahanadi Power Company Limited (KMPCL). The announcement comes after the approval by KMPCL’s Committee of Creditors under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016. The closure of the transaction is now subject to…
Hospital Operator Prospect Medical Files for Bankruptcy The Wall Street Journal Read the original article here
Can Towns or Cities in Washington State Go Bankrupt? I was reading a recent article in the Seattle Times about Cle Elum’s possible bankruptcy, and it got me thinking: Can towns and cities in Washington State go bankrupt? I was surprised, as it hadn’t occurred to me. Not to say it’s impossible, but you usually…
The District Court in Gliwice declared the bankruptcy of Rafako, ending its attempts at debt restructuring and battling deteriorating financial liquidity. The company had filed for bankruptcy in September, citing a failure to reach agreements with key creditors on converting debt into shares through a capital increase. Efforts to develop an alternative restructuring plan…
LAKE CHARLES, La. (KPLC) – Figuring out your next steps after your employer files for bankruptcy can be a very stressful task. When your employer owes you unpaid wages, it can be even more of a challenge. So, what should you do? First, a proof of claim must be filed with the United States Bankruptcy…
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How bankrupt Katie Price blew £40million on ‘men, machinery and central heating’ The Mirror Read the original article here
Self-styled wealth and property guru Dominique Grubisa has received another ban on managing companies for her involvement in two firms that traded while insolvent and went bust owing creditors more than $300,000. The corporate regulator’s new ban, first flagged by The Australian Financial Review nearly two years ago, disqualifies Ms Grubisa from managing companies for…
NEW DELHI: Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Counsel representing Ram Kishore Arora, the suspended director of the realty firm informed NCLAT on Thursday about the rejection of the…
It’s a sweaty Brisbane Monday and Please Don’t Go by KC and the Sunshine Band is playing in the largely empty gaming floor of the Queen’s Wharf Casino. The sappy muzak chorus — “I’m begging you to stay” — is ironically symbolic of the problems befalling the casino’s manager, The Star Entertainment Group. Not enough…