Lanco Infratech Liquidation: Bankrupt EPC firms under IBC feel heat – The Financial Express

The Lanco Infratech counsel made a similar point as part of argument during the hearings to determine whether the corporate debtor should be admitted for proceedings under IBC. By Mitali Salian Lanco Infratech, the flagship company of the Lanco Group and once among the larger private players in the field of power and infrastructure engineering,…

Gymboree expected to close all metro Atlanta stores, file for bankruptcy – Atlanta Journal Constitution

Gymboree is expected to close all of its remaining stores, including 13 in metro Atlanta, as part of a new bankruptcy filing, according to media reports. READ | All metro Atlanta Pollo Tropical locations have closed The company previously declared bankruptcy in 2017, closing 450 stores, including locations in Atlanta, Kennesaw and Duluth. The metro…

Kazakh finance ministry presents draft law to improve rehabilitation, bankruptcy procedures – Astana Times

ASTANA The Ministry of Finance presented Jan. 10 the draft law on improving rehabilitation and bankruptcy procedures of business entities at the Mazhilis (lower house of Parliament). Kanat Baedileov Approximately 4,000 business entities are undergoing the bankruptcy procedure and 400 enterprises are in need of rehabilitation The number of business entities in difficult financial situations…