Banks get raw deal as top bankruptcy resolutions see 80% average haircuts – Mint

On Tuesday, the National Company Law Tribunal (NCLT) questioned the extensive haircut that lenders have agreed to take in the insolvency resolution of Videocon group companies. Billionaire Anil Agarwals Twin Star Technologies has proposed to pay 2,962 crore against admitted claims of 64,838 crore, implying a 95.85% loss to all Videocon creditors. The tribunal noted…

Methodology and Quality Document – Monthly Insolvency Statistics May 2021 – GOV.UK

1. Data Sources Company Insolvency data for England & Wales, Scotland and Northern Ireland are sourced from Companies House, except for compulsory liquidation data for England & Wales and Northern Ireland. Compulsory liquidation data for England & Wales are sourced from the Insolvency Service case information system (ISCIS). Compulsory liquidation data for Northern Ireland are…

Watchdog to probe French program cuts at Laurentian University – iPolitics.ca

Ontarios government watchdog on Wednesday announced it will investigate cuts to French-language programs at Laurentian University. The investigation comes after Ontarios ombudsman received 60 complaints about the transparency and fairness of the process by which the programs were shelved after the northern Ontario university sought creditor protection and declared itself insolvent in February. The university…

Russia’s troubled refinery denied bankruptcy of its former head’s gas company – RAPSI

11:00 16/06/2021 MOSCOW, June 16 (RAPSI) The Moscow Commercial Court has dismissed without prejudice a bankruptcy application filed by Russias troubled Antipinsky refinery against New Stream oil and gas company chaired by the former co-owner of the refinery, according to court records. The applicant has not met obligatory requirements of the current bankruptcy law and…