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Comparing the popularity of standalone moratoria for individuals and corporates in England & Wales — Financier Worldwide

Amid the temporary restructuring and insolvency measures introduced in the summer of 2020, a permanent standalone ‘moratorium’ for corporate entities was introduced, along with the ‘restructuring plan’ by the Corporate Insolvency & Governance Act 2020 (CIGA), described by the government as the most significant change to the UK’s corporate insolvency regime in 20 years. Previously,…

Marelli Wins Approval for $518.9M Bankruptcy Loan

The company will return to court in the coming weeks to seek final approval from U.S. Bankruptcy Judge Craig Goldblatt for the full, $1.1 billion financing package. (Kiyoshi Ota/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] Bankrupt auto-parts supplier Marelli Holdings Co. won court approval to borrow $518.9 million to help…

NCLT directs insolvency against Gensol, Gensol EV Lease; appoints IRP

The National Company Law Tribunal on Friday directed to initiate insolvency proceedings against Gensol Engineering and Gensol EV Lease after admitting the petitions filed by the Indian Renewable Energy Development Agency. The Ahmedabad bench of the insolvency tribunal appointed interim resolution professionals for both debt-ridden companies after suspending their respective boards. In the matter of…