SolarWorld’s sale saves hundreds of Hillsboro jbos – OregonLive.com

SolarWorld’s Hillsboro factory will survive and perhaps expand after its sale Wednesday to a rival company, SunPower. Though based in California, SunPower makes most of its solar panels overseas and it had lobbied unsuccessfully against new tariffs that SolarWorld sought on imported solar panels. With Wednesday’s deal, SunPower now has a domestic manufacturing source that…

Vedanta’s Resolution Plan For Electrosteel Gets NCLT Nod – NDTV

Kolkata: The National Company Law Tribunal’s (NCLT) Kolkata bench on Monday approved Vedanta Ltd’s resolution plan for the insolvent Electrosteel Steels Ltd, one of the 12 large corporate defaulters identified by the Reserve Bank of India. During the insolvency proceedings, the debt-laden company’s resolution professional, Dhaivat Anjaria, had submitted Vedanta’s resolution plan before the bench…

NCLT approves Vedanta’s resolution plan for insolvent Electrosteel – Business Standard

The National Company Law Tribunal’s (NCLT) Kolkata bench on Monday approved Vedanta Ltd’s resolution plan for the insolvent Electrosteel Steels Ltd. During the insolvency proceedings, the debt-laden company’s resolution professional had submitted Vedanta’s resolution plan before the bench for final disposal after lenders declared it as “successful resolution applicant”. …

Binani Cement Insolvency: Rules Can’t Be Changed For One Company, Creditors Say – BloombergQuint

The battleground for Binani Cement Ltd.s insolvency process has shifted back to the National Company Law Tribunal, Kolkata. Last week, Binani Industries Ltd. withdrew its petition seeking termination of the insolvency process for its debt-ridden cement unit that would have allowed an out-of-court settlement with UltraTech Cement Ltd. At the hearing before the Kolkata bench…

Latest MNP Consumer Debt Index foreshadows trouble ahead for indebted Canadians – GlobeNewswire (press release)

Canadians Increasingly Feeling the Impact of Higher Interest Rates The MNP Consumer Debt Index is now at an all-time low, dropping four points since December. MNP Ltd. CALGARY, Alberta, April 16, 2018 (GLOBE NEWSWIRE) — The latest MNP Consumer Debt Index research foreshadows trouble ahead for indebted Canadians underlining widespread concern over rising interest rates.…