Lenders of Jaiprakash Associates Ltd (JAL), which is facing insolvency proceedings, will meet on Friday to discuss ‘challenge process’ to be conducted by the resolution professional among five bidders to maximise the value of the assets of the debt-ridden company. The Committee of Creditors (CoC) meeting is scheduled on September 5. Adani Group, Dalmia Bharat,…
The lenders of Jaiprakash Associates Ltd, currently undergoing insolvency proceedings, are scheduled to meet on Friday to finalize a ‘challenge process’ organized by the resolution professional. This initiative aims to enhance the asset value of the financially struggling company. Key participants in the bidding include Adani Group, Dalmia Bharat, Vedanta Group, Jindal Power, and…
Insolvency practitioner reprimanded and hit with £20,000 worth of fines TheBusinessDesk.com Read the original article here
Rob TriggBBC political reporter, Shropshire and Andy GiddingsBBC News, West Midlands BBC Heather Kidd said effective bankruptcy was not an option she wanted to accept Shropshire Council is expected to declare a “financial emergency” next week at a cabinet meeting as it struggles to balance the books. The Liberal Democrat authority’s chief executive will be…
REVEALED: Liquidator appointments for businesses in the Dorset council area for September 4 The Mercury Read the original article here
Councils technically cannot go bankrupt like a company or individual, but the authority’s chief financial officer can issue a section 114 notice, which stops all but essential spending. The council is hoping to avoid that by taking urgent steps to take control of its expenditure. Heather Kidd, the leader of the authority, said: “As a…
SC mulls panel to oversee co-developer for Supertech Realtors projects MSN Read the original article here
NEW DELHI: The Supreme Court on Thursday mulled setting up a committee to oversee the bidding process and appointment of a co-developer for the construction of stalled residential apartments, offices, retail space besides a luxury hotel by Supertech Realtors. Supertech Realtors is a subsidiary of beleaguered realty major Supertech, which is facing insolvency proceedings along…
MONTREAL — The Quebec government wants a judge to declare insolvent the North American branch of Swedish battery manufacturer Northvolt, as the province attempts to recoup some of its losses on a failed electric-vehicle battery project. Documents filed in Quebec Superior Court on Tuesday say that Northvolt Batteries North America owes more than $260 million…
A. INTRODUCTION Nigeria’s business landscape has always been dynamic, but in recent years it has become increasingly volatile. Currency fluctuations, inflationary pressures, tightening access to credit, and shifts in regulatory policies have all combined to push many Companies closer to financial distress. As the risk of being insolvent increases, businesses are finding themselves at critical…