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Adani Power gets CCI nod to acquire GVK Energy

New Delhi, May 12 (PTI) Fair trade regulator CCI on Tuesday approved billionaire Gautam Adani-led Adani Power Ltd’s proposal to acquire GVK Energy. GVK Energy Ltd, through its subsidiary AHPL, is engaged in the generation of power from a 330 MW hydroelectric power project in Srinagar, Uttarakhand. “The proposed combination involves the acquisition of 100…

Bracknell company Prestige Roofing Services in liquidation

Liquidators have been appointed for Prestige Roofing Services Ltd, a company registered to a principal trading address on Western Road, according to official public records. Mark David Charles Hopkins of FTS Recovery Limited and Michael Ian Field of Opus Restructuring were announced as joint liquidators on May 6. The announcement follows a general meeting of…

Insolvency asset recovery: key tools, techniques and enforcement risks — Financier Worldwide

“The Model Law is an effective and valuable tool in enabling cooperation between jurisdictions, providing a structural framework for recognition and clarity around the types of relief available to a foreign insolvency officeholder,” says Mr Child. “It has clearly increased efficiencies in terms of cost and time in pursuing cross-border asset recovery. The main drawback…