CCI clears Vedanta’s bid to acquire debt-laden Jaiprakash Associates under insolvency process

Following a recent ruling by the Supreme Court related to interpreting provisions of the IBC, an approval from the competition watchdog is mandatory for submission of a resolution plan by the entity concerned Competition Commission of India (CCI) has given in-principal approval to Vedanta’s proposal to acquire debt-ridden Jaiprakash Associates (JAL), should it win a…

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Wife Of Hong Junyang Speaks Up On His Recent Bankruptcy News; Shares Heartfelt Message

Yesterday, it was revealed that local singer-producer Hong Junyang has been declared bankrupt. The news came to light after a tip-off revealed that the 44-year-old was included in a publicly available government gazette of bankrupt individuals published in September, as reported by AsiaOne.  Junyang subsequently also confirmed the news with the media outlet, sharing that the…