Viceroy Hotels checks into insolvency process at NCLT – Times of India

HYDERABAD:The National Company Law Tribunal (NCLT) at Hyderabad has initiated corporate insolvency resolution process (CIRP) against city-based hospitality player Viceroy Hotels Limited and appointed KK Rao as interim resolution professional (IRP) for the purpose. This was in response to a petition filed by asset reconstruction player Asset Reconstruction Company (India) Ltd (ARCIL) against the Prabhakar…

FirstEnergy Seeks Bankruptcy Protection for Ailing Coal and Nuclear Subsidiaries – Greentech Media

Utility FirstEnergy has taken the long-threatened step of filing for bankruptcy protection for its competitive power generation subsidiaries. It’s the latest development for a coal and nuclear power fleet that has become a focus of the Trump administrations efforts to shift energy policies to favor fossil-fired electricity.  Saturdays filing with the U.S. Bankruptcy Court for…

Electrosteel’s RP submits Vedanta resolution plan – Business Standard

Electrosteel Steels’ resolution professional (RP) on Monday submitted Vedanta’s resolution plan before the Kolkata bench of National Company Law Tribunal for final disposal after lenders declared it as “successful resolution applicant”. However, Renaissance Steel, one of the resolution applicants, was opposing the Committee of Creditors’ (COC) decision in respect to eligibility of its rival…

EDDIE CROSS MOCKS GRACE – NewsdzeZimbabwe

BULAWAYO South legislator Edie Cross has mocked former First Lady Grace Mugabe over her recent spate of misfortunes, saying she must not cry foul as she had also grabbed several properties from powerless individuals during her husband former President Robert Mugabes reign. This came amid reports that illegal artisanal miners invaded Graces farm in Mazowe…