NCLT nod to initiate insolvency against Bhushan Energy – Moneycontrol.com

The National Company Law Tribunal (NCLT) has directed initiating insolvency proceedings against Bhushan Energy Ltd after admitting a plea from the country’s largest lender State Bank of India (SBI). A two-member bench of NCLT has appointed Navneet Kumar Gupta as the interim resolution professional (IRP) to initiate insolvency proceedings. Bhushan Energy Ltd, the corporate debtor,…

Macquarie Group sues family of alleged US fraudsters for $50 million – The Sydney Morning Herald

Macquarie Group is chasing $US40.7 million ($52 million) from an American family that ran a billion-dollar-plus cocoa trading business, after emails between staff allegedly revealed one of the biggest fraud cases in recent US history.  Macquarie has joined forces with several other banks including Dutch financial giant ABN AMRO to sue the father-son duo that ran one of the world’s largest suppliers…

Jaypee Infratech debt case: RBI files plea in SC to start insolvency proceedings against JP Associates – Firstpost

The Reserve Bank of India on Monday knocked on the doors of the Supreme Court (SC) with a plea to start insolvency proceedings against infrastructure major Jaiprakash Associates Ltd (JAL). The firm has been embroiled in a Rs 29,000 crore debt case. According to a report in Moneycontrol.com, more than 25,000 people who had bought homes constructed…

Textile company E. Miroglio to start production in Serbia’s Pirot in 2018 – VIDEO – SeeNews

Textile company E. Miroglio to start production in Serbia’s Pirot in 2018 – VIDEO Edoardo Miroglio headquarters in Sliven, Bulgaria; Source: Edoardo Miroglio BELGRADE (Serbia), January 8 (SeeNews) – Bulgarian-based textile company Edoardo Miroglio plans to start production in Pirot, in eastern Serbia, in 2018, the mayor of Pirot said.  Edoardo Miroglio is expected to start production…