Jaypee Infratech insolvency: Lenders ask NBCC, Suraksha to improve bid – Business Standard

Earlier this month, NBCC and Mumbai-based Suraksha group submitted their revised bids to acquire Jaypee Infratech through an insolvency process TopicsJaypee Infratech|Jaypee Infratech bid Jaypee Infratech’s lenders have asked state-owned NBCC Ltd and Suraksha group to improve their bid and offer more land parcels under an insolvency process to acquire debt-laden realty firm. Earlier this…

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

These monthly statistics are designated as experimental statistics, defined in the Code of Practice as new Official Statistics undergoing evaluation that are published in order to involve users and stakeholders in their development as a means to build in quality at an early stage. Experimental statistics status is given at the discretion of the responsible…

Debt-strapped Greensill should be liquidated, Grant Thornton says – The Australian Financial Review

Grant Thornton also said that if the company goes into liquidation, the liquidators would investigate several transactions between Greensill Capital Pty Ltd – the Australian parent company – and the Greensill family and farming companies, as well as several director-related transactions. Our findings in relation to unreasonable director related transactions, while only preliminary, have identified…

Sanjeev Gupta: Credit Suisse tries to wind up Whyalla steelworks – The Australian Financial Review

Credit Suisses group chief executive officer, Thomas Gottstein, said on Tuesday that the bank would learn serious lessons from losses incurred at Archegos as well as the liquidation of its supply-chain finance funds as he warned investors of a CHF4.4 billion ($6.15 billion) charge and confirmed the departure of the banks chief risk officer, dual…