The bankruptcy court has recently approved Raigarh Champa Rail Infrastructure’s acquisition by JSW Energy Ltd through the insolvency resolution process. Sajjan Jindal-owned JSW Energy has proposed a Rs 700 crore revival plan against the company’s admitted liabilities of about Rs 543 crore, resulting in a recovery of about 129% for the lenders. Before the National…
Riley joined Azets from Kroll. Credit: Woodan/Shutterstock.com. Business advisory group Azets has expanded its UK restructuring and insolvency practice with the appointment of Dave Riley as a partner in its Manchester office. Riley joined the company last month from Kroll. He has proven experience in the lender markey and insolvency, with a particular focus on…
Administration can be a route to rebirth Daily Business Magazine Read the original article here
Heranba Organics Private Limited, a wholly-owned subsidiary of Heranba Industries, faces an insolvency application filed by Haresh Petrochem Private Limited for a claim of Rs 1.70 Crores.The outstanding balance stands at Rs 93.90 Lakhs (₹0.94 cr), with the Insolvency and Bankruptcy Code (IBC) petition filed before the NCLT, Mumbai. Reader Takeaway: Insolvency filing against subsidiary…
Baron Infotech Limited Conducts 19th Committee of Creditors Meeting Under Corporate Insolvency Resolution Process scanx.trade Read the original article here
Byju’s insolvency case: Supreme Court issues notice, orders status quo in CoC dispute over impleadment rights Mint Read the original article here
Byju’s insolvency case: Supreme Court issues notice, orders status quo in CoC dispute over impleadment rights Mint Read the original article here
The Rise and Fall of a 3-D Printing Empire The New York Times Read the original article here
First Brands nears bankruptcy settlement, tees up business unit sales Reuters Read the original article here
Adebanjo Adebayo Talabi was the director of Bebo Construction Limited. He pleaded guilty to three counts of fraud by false representation for claiming £150,000 in Covid Bounce Back Loans. He received a two-year sentence, suspended for two years, an unpaid work order, and a six-year director disqualification. The south-London director of a construction company has narrowly avoided jail after admitting exaggerating his company’s turnover…