New Delhi: The Supreme Court on Thursday adjourned the hearing on a batch of petitions filed by lenders of bankrupt telecom operator Aircel Ltd, challenging the National Company Law Appellate Tribunal’s order, which had held that spectrum can be transferred under an insolvency resolution plan only after all government dues are cleared. The case is…
The Manipal Group has submitted an expression of interest (EOI) to acquire embattled edtech firm Byju’s under the ongoing insolvency proceedings, sources told NDTV Profit. The group is reportedly aiming for a complete takeover of the company. Meanwhile, other potential bidders are still weighing their options ahead of the November 13 deadline for EOI submissions.…
ED–IBBI Coordination Clears Path for Restitution of PMLA-Attached Assets in IBC Cases Moneylife Read the original article here
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Opus Business Advisory Group has launched a new outpost in Bermuda. The offshore insolvency and restructuring market is rapidly expanding, offering lucrative opportunities for firms catering to clients’ insolvency needs. The ‘offshore’ market of Caribbean-based tax havens has been attracting a glut of consulting talent in recent years – with large companies and financial operators…
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