Applebee’s restaurant closures: See the list of doomed locations after a major franchisee went bankrupt Fast Company Read the original article here
Your favorite spot for slow-cooked riblets might be cooked. Most Read from Fast Company A number of Applebee’s Neighborhood Grill + Bar restaurants have closed their doors in the wake of mounting financial distress and declining foot traffic, according to a recent bankruptcy filing. The 10 shuttered stores, located in Florida and Georgia, are all…
Your browser does not support the audio element. New Delhi: Mining major Vedanta Limited has approached the Supreme Court of India seeking an immediate stay on the implementation of the Adani Group’s resolution plan for the insolvent Jaiprakash Associates Limited. This move escalates one of the most high-profile corporate insolvency disputes in recent years to…
NCLAT modifies insolvency order against Vatika, limiting it to the Gurgaon-based Project Aspirations. Details on the CIRP process and debt. New Delhi, Mar 30 (PTI) Providing a partial relief to NCR-based realty firm Vatika, the NCLAT has confined the insolvency proceedings against it to a specific Gurgaon-based Project Aspirations. Modifying the order passed by the…
India proposes to let financial creditors trigger insolvency bypassing tribunal Reuters Read the original article here
By Nikunj Ohri NEW DELHI, March 30 (Reuters) – India has proposed an overhaul of its bankruptcy law, including allowing financial creditors to initiate insolvency proceedings and tightening deadlines, in a bid to speed up resolutions and promote ease of doing business. Resolutions of stressed assets in India have been delayed despite a mandated 330-day…
Lok Sabha approves Insolvency and Bankruptcy Code (Amendment) BillIANS The Lok Sabha on Monday approved the Insolvency and Bankruptcy Code (Amendment) Bill, aimed at speeding up insolvency proceedings to resolve cases related to defaulting companies. The Bill introduces a mandatory 14-day timeline for admitting insolvency applications once a company’s default has been established. Finance Minister…
New Delhi: The Lok Sabha on Monday passed a bill to amend the insolvency law to provide for strict timelines, an out-of-court settlement option and enable the framework for cross-border insolvency processes. Piloting the bill in the Lok Sabha, Finance and Corporate Affairs Minister Nirmala Sitharaman said that 12 amendments are being made in the…
Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aiming to cut delays and strengthen creditor rights MSN Read the original article here
IBC crucial player in improving India’s banking sector, says Sitharaman in LS The Statesman Read the original article here