25 bidders, including Adani, Patanjali & Dalmia Cement, advance; ARC India out, ET LegalWorld

The resolution process for debt-laden Jaiprakash Associates Limited (JAL) has moved forward with the Resolution Professional (RP) publishing the final list of 25 eligible Prospective Resolution Applicants (PRAs). This follows the initial submission of Expression of Interests (EoIs) by 26 entities. Notably, the final list, prepared in accordance with the Insolvency and Bankruptcy Board of…

5,272 youth declared bankrupt since 2020

Youth and sports minister Hannah Yeoh said the main cause of bankruptcy among the youth in 2024 was personal loans. KUALA LUMPUR: A total of 5,272 youth below the age of 34 have been declared bankrupt from 2020 to this year, according to youth and sports minister Hannah Yeoh. She said that of the total,…