Pride Group co-founders secure financing to buy a portion of the trucking business out of liquidation

Open this photo in gallery: Transport trucks near the Port of Vancouver.DARRYL DYCK/The Canadian Press Part of the original Pride Group Holdings Inc. trucking empire will live on after liquidation. The company’s original co-founders, brothers Sam and Jas Johal, have secured financing to repurchase Pride Group Logistics Ltd. for $54.5-million, according to a report from…

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IBBI Enhances Liquidation Process for Transparency & Efficiency: Rediff Moneynews

The Insolvency and Bankruptcy Board of India (IBBI) has amended regulations to improve the liquidation process, including streamlined auctions, enhanced reporting, and improved fund management. New Delhi, Feb 3 (PTI) The Insolvency and Bankruptcy Board has amended regulations on liquidation process to streamline the auction procedure, improving reporting requirements, and ensuring better fund management. The…

IBBI changes liquidation process norms to strengthen transparency, efficiency

New Delhi, Feb 3 (PTI) The Insolvency and Bankruptcy Board has amended regulations on liquidation process to streamline the auction procedure, improving reporting requirements, and ensuring better fund management. The amendments, notified on January 28, 2025, with immediate effect, modify the Insolvency and Bankruptcy Board of India (Liquidation Process) regulations, 2016, and the Insolvency and…