How New York Almost Went Bankrupt in 1975

“Drop Dead City” falls into in a category of documentary I think of as wonkish but gripping. Produced and directed by Peter Yost and Michael Rohatyn, the film is about the financial cataclysm that hit New York City in 1975, when the powers that be figured out that the city was $6 billion in debt.…

25 bidders, including Adani, Patanjali & Dalmia Cement, advance; ARC India out, ET LegalWorld

The resolution process for debt-laden Jaiprakash Associates Limited (JAL) has moved forward with the Resolution Professional (RP) publishing the final list of 25 eligible Prospective Resolution Applicants (PRAs). This follows the initial submission of Expression of Interests (EoIs) by 26 entities. Notably, the final list, prepared in accordance with the Insolvency and Bankruptcy Board of…