Jaypee Infra insolvency: Consortium lenders, except ICICI Bank, assign their debt to NARCL – Economic Times

Debt-ridden Jaypee Infratech, which is facing insolvency proceedings, on Tuesday said that all the consortium lenders — excluding ICICI Bank — have assigned their debt to National Asset Reconstruction Company Ltd (NARCL). Jaypee Infratech Ltd (JIL) is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the provisions of the Insolvency & Bankruptcy Code (IBC) following…

ASIC-banned spruiker may have traded while insolvent: liquidator – The Australian Financial Review

But the liquidators said further investigation would be required to see whether an insolvent trading claim existed and they had insufficient funding to proceed further. Regardless, the cost of running an insolvent trading case would exceed the actual claim made by the ATO as the sole creditor, the liquidator report said. The report noted, however,…