Toms River refuses to pass budget amid $175 million in state cuts School officials won’t follow orders to stop programs Taxes would need to go up by nearly 13% TOMS RIVER — The largest school district in Ocean County, on the verge of declaring bankruptcy due to funding cuts, is slamming the Murphy administration for demanding that…
Lenders of Jaiprakash Associates Ltd (JAL) have turned down Jaypee Infratech‘s request to accept its resolution plan to acquire the bankrupt diversified company. Five companies — Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power and PNC Infratech — have submitted their resolution plans to acquire JAL. However, lenders of JAL, on June 25, had…
Lenders of Jaiprakash Associates Ltd (JAL) have turned down Jaypee Infratech‘s request to accept its resolution plan to acquire the bankrupt diversified company. Five companies — Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power and PNC Infratech — have submitted their resolution plans to acquire JAL. However, lenders of JAL, on June 25, had…
New Delhi, Jul 5 (PTI) Lenders of Jaiprakash Associates Ltd (JAL) have turned down Jaypee Infratech’s request to accept its resolution plan to acquire the bankrupt diversified company. Five companies — Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power and PNC Infratech — have submitted their resolution plans to acquire JAL. However, lenders of JAL, on…
By BEN SHIMKUS, CONSUMER REPORTER FOR DAILYMAIL.COM Published: 15:18 AEST, 5 July 2025 | Updated: 15:39 AEST, 5 July 2025 An award-winning food distributor has filed for bankruptcy. Cozy Harbor Seafood, a Maine-based seafood processing company, filed for Chapter 11 as it seeks a sale. The company is well-known for providing marine proteins to major…
Insolvency DG Warns Of Rising Trend In Self-declared Bankruptcy Bernama Read the original article here
In the energy industry, it’s known as the solar coaster: The ups and downs in the solar industry can cause companies to grow quickly and fade just as fast. So far in 2024, customers of more than one big installer have felt those big downhill drops. The latest solar giant to struggle is SunPower Solar,…
The recent reforms reflect the IBBI’s aspiration to make the insolvency resolution process not just faster, but also more accountable and investor-friendly. But it is imperative to view these reforms in consonance with the underlying institutional limitations. The IBC framework still suffers from limited infrastructure at the NCLT level, valuation disputes, inconsistent judicial interpretation and…
In a startling escalation of a long-standing corporate and legal dispute, India’s largest public sector lender, State Bank of India (SBI), has officially labelled industrialist Anil Ambani a “fraudulent borrower” in connection with loans extended to his company, Reliance Communications. The move comes after years of litigation, recovery attempts, and dramatic turns in the financial…
The High Court dismissed an application brought by three directors to intervene and oppose a winding-up petition, ruling that their application was flawed and had no legal basis. KUALA LUMPUR: The High Court has ruled that the former directors of TH Heavy Engineering Bhd (THHE) had no legal standing to oppose a petition brought by…