Jaypee Infra insolvency: NBCC, Suraksha group submit revised bids – Business Standard

NBCC and Suraksha group, which are in the race to acquire Jaypee Infratech under the insolvency resolution process, have submitted revised bids and improved their offers for financial creditors. TopicsNBCC|Jaypee Infra insolvency|Jaypee Infra State-owned NBCC and Suraksha group, which are in the race to acquire Jaypee Infratech under the insolvency resolution process, have submitted revised…

Anticipating financial distress: Could developing countries borrow from the French and the US toolbox? – World Bank Group

As the COVID-19 crisis continues to hurt economic activity, promoting and encouraging the rehabilitation of distressed but potentially viable businesses should be at the top of lawmakers priorities.But many insolvency systems fall short in moving quickly to save viable businesses. This is in part because bankruptcy carries social stigma, which encourages debtors to delay recognition…

Mastermind behind betting scheme Chris Brown says he has $172M after being declared bankrupt – Daily Mail

Gambling ‘whiz kid’ accused of owing investors $126million insists the money is ‘safe as houses’ despite being declared BANKRUPT in court Creditors claim they’re owed $126million by 27-year-old bet hedger Chris Brown He said money is safe despite being declared bankrupt, having his assets frozen Mr Brown’s business activitieswere funded by backers including schoolmates His…