São Paulo’s 1st Bankruptcy and Corporate Reorganization Court issued a preliminary injunction blocking French retail group Casino from selling its roughly 20% stake in Grupo Pão de Açúcar (GPA). IG4 agrees to take over Braskem Bradesco buys BV’s stake in Tivio The injunction—granted after an arbitration panel had denied the same request the previous week—came…
“The group insolvency mechanism is expected to prioritize a coordinated process over blanket substantive consolidation. This approach should help synchronize proceedings for related companies under stress, protect overall business value, and prevent contradictory orders, while still maintaining the distinct legal identity and creditor interests of each entity,” explained Anoop Rawat, national practice head, insolvency &…
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The Supreme Court has expressed concern over the National Company Law Tribunal (NCLT) in a pending case where approval of resolution plans has been stalled for over two years. The bench of Justice JB Pardiwala and Justice KV Viswanathan issued direction to the Principal Bench of NCLT, New Delhi and the Insolvency and Bankruptcy Board…
Hayden Asper’s articles from Worrells are most popular: in Australia with readers working within the Metals & Mining and Construction & Engineering industries Worrells are most popular: within Accounting and Audit topic(s) with Senior Company Executives, HR and Finance and Tax Executives Insolvency statistics function as a rear‑view mirror…
Kevin Pinkerton, left, and Eamonn Wall Insolvency practice Business Rescue Expert has entered its next phase of expansion with the launch of a specialist division to help SMEs under pressure navigate challenges earlier and secure their future. Turnaround & Restructuring Expert (TRE) is supporting businesses across the UK, with a focus on protecting jobs and…
“>Jaypee Insolvency Case: Committe of Creditors backs Adani bid, rejects Vedanta late revision, “No post-bid changes” New Delhi [India], April 20 (ANI): Solicitor General Tushar Mehta, appearing for the Committee of Creditors (CoC), on Monday defended the integrity of the resolution process in the insolvency proceedings of Jaypee Infratech before the National Company Law Appellate…
MUMBAI/NEW DELHI: In a fresh twist in the insolvency proceedings of Jaiprakash Associates Ltd (JAL), the Committee of Creditors (CoC) on Monday told the appellate tribunal that a possible information leak may have prompted Vedanta Ltd to revise its bid for the bankrupt firm. Solicitor General Tushar Mehta, appearing for the CoC before the National…