Rex International Holding Limited – Detailed Update on Lime Petroleum Holding Default Key Highlights from the Report Event of Default Declared: The bond trustee for Lime Petroleum Holding AS (“LPH”) has formally notified bondholders that an Event of Default has occurred and is ongoing in respect of LPH’s 2027 and 2028 bonds. Reasons for Default:…
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New Delhi: The Lok Sabha on Monday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aimed at accelerating insolvency resolutions and strengthening India’s bankruptcy framework. Piloting the Bill, Finance and Corporate Affairs Minister Nirmala Sitharaman said the proposed 12 amendments will help maximise value for stakeholders, improve governance, and address persistent delays caused by…
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The, Final 31.03.2026 – 01:48:57 | boerse-global.de The corporate journey of Electra Private Equity, later Unbound Group, concludes as administrators finalize its dissolution following a failed digital pivot and insolvency. The Final Liquidation of Unbound Group – Foto: über boerse-global.de …
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The Lok Sabha on Monday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, seeking to amend the Insolvency and Bankruptcy Code (IBC), 2016, to further streamline insolvency resolution processes and address gaps in the existing law. The Lower House had taken up the Bill, moved by Finance Minister Nirmala Sitharaman, for discussion on March…
The Bill, initially referred to a Select Committee, has been introduced to amend the Insolvency and Bankruptcy Code 2016. The Amendment seeks to reduce delays, maximise value for all stakeholders, and introduce new provisions that follow global best practices for resolving insolvency. New Creditor-Initiated Insolvency Resolution Process (CIIRP): This replaces the largely underutilised “fast-track” process…
Vedanta Limited’s stock climbs 4% after appealing against Adani Group’s insolvency plan for Jaiprakash Associates in India’s Supreme Court. Mining firm Vedanta Limited has experienced a notable surge in its share price, rising 4% to ₹666 per share on the National Stock Exchange. This increase came in the wake of the company’s decision to challenge…