Lenders Wary Of Dragging Anil Ambani’s RCom To Insolvency – BloombergQuint

Lenders to Anil Dhirubhai Ambani Groups (ADAG) flagship company Reliance Communications Ltd. will treat insolvency as a last option, three people close to the development have confirmed. Instead, lenders in the RCom case would prefer that the company complete the sale of a majority stake in its tower business to Canadian investor Brookfield Asset Management…

Creditors approached Puerto Rico with offers after Maria: official – Yahoo7 News

By Stephanie Kelly NEW YORK (Reuters) – Creditors approached Puerto Rico’s government with offers surrounding the U.S. territory’s bankruptcy after Hurricane Maria tore through the island last month, but federal aid remains the top priority, a Puerto Rico official said on Monday. “Any offer well review it, and well discuss it with the oversight board…

One Nation’s Fraser Anning avoids bankruptcy, cleared to replace Malcolm Roberts – The Sydney Morning Herald

Malcolm Roberts’ hopes of replacing himself in the Senate appears doomed after Queensland publican Fraser Anning – the next candidate on One Nation’s ticket – successfully avoided bankruptcy. Creditors have officially withdrawn their bankruptcy petition against Mr Anning and his wife Fiona, Fairfax Media can reveal. Play Video Don’t Play Bishop on North Korea negotiations Play Video Don’t…

Sinopacific Dayang Shipbuilding holds first creditors’ meeting – Seatrade Maritime News

Bankrupt Yangzhou Dayang Shipbuilding, a subsidiary of Sinopacific Shipbuilding Group, has held its first creditors meeting on Saturday, more than two months after the yard went under receivership. The local media reported that more than 700 people attended the meeting, including creditors and their representatives, management and staff of the shipyard, the legal and audit…

Monarch Files for Insolvency in UK’s Biggest Airline Failure – Bloomberg

U.K. leisure carrier Monarch filed for insolvency in Britains biggest-ever airline collapse, leaving the government to arrange the return of 110,000 tourists and marking the third failure of a major European operator in five months. The airline and Monarch Travel Group were placed in administration, leading to the suspension of the Luton, England-based companys operating license,…

UPDATE 1-Creditors approached Puerto Rico with offers after Maria -official – Reuters

(Adds background, information from governors liaison Sobrino) By Stephanie Kelly NEW YORK, Oct 2 (Reuters) – Creditors approached Puerto Ricos government with offers surrounding the U.S. territorys bankruptcy after Hurricane Maria tore through the island last month, but federal aid remains the top priority, a Puerto Rico official said on Monday. Any offer well review…

46 insolvency cases filed at Chennai bench of NCLT – The Hindu

Tamil Nadu Sanjay Vijayakumar CHENNAI, October 03, 2017 00:59 IST Updated: October 03, 2017 00:59 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device…