Nod to DS Group offer for Viceroy Bangalore Hotels – Economic Times

The Hyderabad bench of the National Company Law Tribunal (NCLT) has approved Dharampal Satyapal Group’s resolution plan for Viceroy Bangalore Hotels. The hospitality company owns the Marriott-managed five-star Renaissance Bengaluru Race Course Hotel, and has around 1,100 crore of unpaid debt. The New Delhi-based acquirer has proposed 300 crore to buy the company in a…

IBC: Guarantors Liability Not Always The Same As The Borrower, Says Insolvency Tribunal – BQ Prime

IBC: Guarantor’s Liability Not Always Co-Extensive With Borrower, Says Insolvency Tribunal Law & PolicyIBC: Guarantor’s Liability Not Always The Same As The Borrower, Says Insolvency Tribunal ADVERTISEMENT 24 May 2023, 7:17 PM IST 24 May 2023, 7:17 PM IST 24 May 2023, 7:17 PM IST WhatsApp Twitter Facebook Telegram Read the full article at: https://www.bqprime.com/law-and-policy/ibc-guarantors-liability-not-always-the-same-as-the-borrower-says-insolvency-tribunal

Orange Private Hospital enters administration amid 'uncertain times' for staff – ABC News

A private hospital in the New South Wales central west has entered voluntary administration less than two years after opening.  Key points: Orange Private Hospital employs almost 100 staff and surgeons Administrators say their objective “is to secure the long-term” future of the service The hospital opened less than two years ago  The Orange Private Hospital employs…

JSW Steel to acquire National Steel and Agro Industries for 621 cr | Mint – Mint

JSW Steel on Monday announced that its wholly-owned subsidiary  JSW Steel Coated Products Limited (JSWSCPL) will complete the acquisition of National Steel and Agro Industries (NSAIL) for a total consideration of 621 crore. JSW Steel Coated Products, wholly-owned subsidiary, got approval in respect to corporate insolvency resolution process of NSAIL. JSW Steel Coated Products Limited…

NCLAT upholds NCLT order admitting Go First's insolvency proceedings – Business Today

National Company Law Appellate Tribunal (NCLAT) on Monday upheld crisis-hit Go First airlines insolvency ordered by National Company Law Tribunal (NCLT) and directed for certain modifications to tribunal’s order. NCLAT refused to allow lessors to take back possession of aircraft and asked them to move NCLT for any remedy in Go First insolvency proceedings matter. The lessors…

Boom time for Begbies Traynor as insolvencies continue to rise – Shares magazine

– Insolvencies top pre-pandemic levels – Firm gaining market share – Revenue and earnings ahead of forecasts Business recovery and financial advisory firm Begbies Traynor (BEG:AIM) revealed its results for the year to the end of April would beat estimates as UK corporate insolvencies exceeded pre-pandemic levels. The firms Red Flag Report for the fourth quarter…