The Supreme Court on Monday reserved its verdict on review petitions challenging its recent decision quashing JSW Steel’s resolution plan for Bhushan Steel and Power Limited (BSPL), after days of sharp exchanges between Senior lawyers over the fate of nearly Rs. 6,000 crore in earnings before interest, taxes, depreciation and amortisation (EBITDA) generated during the…
The rehearing of the Bhushan Power and Steel Ltd (BPSL) insolvency case concluded on Monday, with the Supreme Court’s special bench reserving its verdict on challenges to JSW Steel Ltd’s ₹19,700 crore resolution plan. The bench, comprising Chief Justice B.R. Gavai, Justice K. Vinod Chandran, and Justice Satish Chandra Sharma, heard the matter afresh after…
Asian Firms Divided on Insolvency Outlook Amid Ongoing Trade Challenges Macau Business Read the original article here
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
A foreign company that produced oil in Russia announced its voluntary liquidation. Ореанда-Новости Read the original article here
[HONG KONG] Developer China South City Holdings was ordered to liquidate by Hong Kong’s High Court, making it the biggest Chinese builder by assets to be wound up since China Evergrande Group. The ruling from judge Linda Chan came after the liquidation petitioner asked for an immediate wind-up order. China South City asked the court…
Builder China South City Ordered to Liquidate by Hong Kong Court Bloomberg.com Read the original article here
Auckland restaurant Dragon Boat goes into liquidation after 31 years Stuff Read the original article here
Insolvency practice hires new director – will lead development of bankruptcy advice services Insider Media Ltd Read the original article here
The Mumbai Bench of the National Company Law Tribunal (NCLT) admitted a Section 10 application filed by NAC Advertising India Private Limited and initiated the Corporate Insolvency Resolution Process (CIRP) against it, after finding that the company’s financial default was clearly established and above the threshold under Section 4(1) of the Insolvency and Bankruptcy Code,…