A strategic alliance between Selier Abogados, Auditest, and Urbano Jiménez Asesores Legales y Tributarios has resulted in the launch of Audier Restructuring, a new firm exclusively dedicated to handling corporate restructurings and insolvency proceedings. The founding firms announced that Audier Restructuring aims to become a key player in the Spanish market by offering specialized solutions…
Representative image created by AI NEW DELHI: The Competition Commission of India (CCI) on Tuesday approved Dalmia Bharat‘s proposal to acquire the debt-laden Jaiprakash Associates Ltd (JAL), which is going through the insolvency resolution process. Under the provision of the Insolvency and Bankruptcy Code (IBC), an approval from the competition watchdog is a key requirement…
Asedtech company Byju’s parent company is up for sale as part of its ongoing Corporate Insolvency Resolution Process (CIRP), we list out the indicative assets as provided in the Invitation document. The Resolution Professional has noted that this list is based on current understanding and may be revised. 1. Investment in Aakash Educational Services Limited…
McALLEN, Texas — McALLEN, Texas (AP) — The Trump administration said Friday that it would pay migrant children $2,500 to voluntarily return to their home countries, dangling a new incentive in efforts to persuade people to self-deport. U.S. Immigration and Customs Enforcement didn’t say how much migrants would get or when the offer would take…
Credit trends are improving, though the number of company liquidations remain high as tax debt collection has intensified following a more lenient approach taken during the Covid years. Credit reporting service Centrix said there was a 12% drop in the number of customers with debt arrears in August over July, or 1.8% on the year…
Out-of-pocket Wimpex landlords seek tenants after liquidation The Press Read the original article here
Investigators playing whack-a-mole with unlicensed insolvency firm TheBusinessDesk.com Read the original article here
India looks to boost its restructuring and insolvency framework: “next generation” reforms being considered Ashurst Read the original article here
Two companies formerly associated with the Anil Ambani-led Reliance Group – Thwink Big Content Private Limited and Pifiniti Movies Private Limited – were sold off to Micro Capitals Private Limited for a pittance (Rs 46 lakh) against total outstanding dues of Rs 827 crore. Curiously though, the insolvency process against the two were started by another Anil Ambani group company…
Introduction The Corporate Insolvency and Governance Act 2020 (the “Act”) came into force in June 2020. It introduced a number of temporary and permanent measures to restructuring and insolvency law which will affect creditors’ rights in the UK. The overarching objective of the Act is to promote the rescue of companies in financial…