Jaypee Infra insolvency: IRP seeks extension of process from SC till July 7 – Business Standard

State-owned NBCC and Suraksha group are in the fray to acquire the debt-laden realty firm Jaypee Infratech Ltd (JIL) and complete over 20,000 pending flats for homebuyers TopicsJaypee Infra|Jaypee Infra insolvency Jaypee Infratech’s Interim Resolution Professional (IRP) Anuj Jain has filed an application before the Supreme Court seeking extension of timeline for completion of its…

COVID vaccine Australia: Qantas pushed for domestic air crew to jump queue – The Australian Financial Review

International air crew were eligible for the vaccine in phase 1A of the rollout. A spokesman for the Department of Prime Minister and Cabinet said: Throughout the pandemic, the Australian government has regularly engaged with key partners in the business sector to ensure we maximise economic and social opportunities as the vaccine rollout progresses. Mr…

Corporate Insolvency and Governance Act provides breathing space to businesses left struggling by the Covid-19 pandemic | TheBusinessDesk.com – The Business Desk

As part of his firms latest advice on the topic, Sam Pedley, a partner and award-winning insolvency expert at mfg Solicitors, runs through the main changes and the delicate balancing act of helping businesses to survive. The Corporate Insolvency and Governance Act 2020 brings into effect the most significant changes to UK insolvency law in…

Financial creditors may realise 55,000-60,000 crore through IBC in FY22: Report – Mint

MUMBAI : Financial creditors may realise 55,000-60,000 crore in fiscal 2021-22 through successful resolution plans from the Insolvency and Bankruptcy Code (IBC), credit rating agency Icra has said. The realisation for financial creditors from the resolution of Corporate Insolvency Resolution Process (CIRP) under the IBC declined significantly in FY2021 with a total resolution amount of…

Creditors may realise Rs 55,000-60,000 cr through IBC in FY22: Report – Business Standard

The agency believes that there have been some positive outcomes from the presence of the IBC despite the delays that are becoming common. TopicsIBC|IBC resolution|debt resolution Financial creditors may realise Rs 55,000-60,000 crore in fiscal 2021-22 through successful resolution plans from the Insolvency and Bankruptcy Code (IBC), credit rating agency Icra has said. The realisation…

Tata Steel Mining gets successful resolution applicant for Rohit Ferro-Tech – Business Standard

Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said on Sunday. TopicsTata Steel|Mining industry Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said…