New Delhi, Jun 23 (PTI) The Committee of Creditors has cleared a proposal to withdraw the insolvency resolution process of KSK Water Infrastructures Private Limited (KWIPL) after approving a debt settlement proposal submitted by JSW Energy. On March 6, JSW Energy Limited said it had completed the acquisition of KSK Mahanadi Power Company Limited (KMPCL) under…
Committee of Creditors approves debt settlement proposal, ending insolvency process for KSK Water Infrastructures Private Limited. JSW Energy completes acquisition. New Delhi, Jun 23 (PTI) The Committee of Creditors has cleared a proposal to withdraw the insolvency resolution process of KSK Water Infrastructures Private Limited (KWIPL) after approving a debt settlement proposal submitted by JSW…
Manchester United have spent over £400m on signings in the past five years but the club have been left ruing a number of poor transfer decisions which have cost them dearly Ruben Amorim has only signed Matheus Cunha this summer(Image: Getty Images) Despite Manchester United having a hefty transfer budget to reclaim their spot amongst…
A key hurdle is the stiff requirement for a 90% voting threshold from the committee of creditors (CoC) to approve such a withdrawal, even when a viable insolvency resolution plan is near, they said. “One of the key challenges is the requirement of a 90% voting threshold from the committee of creditors (CoC), which is…
Construction insolvencies fell slightly in April, newly published data has revealed. Official statistics from the Insolvency Service show that there were 324 building firm insolvencies during the month, compared to 376 in March. Figures previously revealed by Construction News showed a decline in administrations in April, though the likes of London contractor the Breyer Group…
Latest monthly statistics from the Insolvency Service show that in May 2025, business insolvencies increased while personal insolvencies declined in Northern Ireland. The data showed that there were 53 business insolvencies, which was 20% higher than in May 2024. The insolvencies were driven by an increase in compulsory liquidations. The insolvencies comprised of 33 compulsory…
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The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Rakesh Kumar Jain (Judicial Member) & Barun Mitra (Technical Member), dismissed an appeal challenging the National Company Law Tribunal’s refusal to accept a reply filed after the closure of arguments. The Tribunal held that the record of the Court is correct until and…
Chipmaker Wolfspeed Nears Bankruptcy Deal With Lenders Including Apollo Bloomberg Read the original article here