IBC activity likely to see gradual rise after resumption, say experts – Business Standard

Business Standard The CIRP, which was suspended in light of the Covid-related stress, covers a one-year period ending March 24, 2021 TopicsInsolvency and Bankruptcy Code|Indian companies|Indian corporates After suspension of the corporate insolvency resolution process (CIRP) is lifted after March 24, Insolvency and Bankruptcy Code (IBC)-related activity is likely to go up. However, experts are…

Grocon administrators advise against liquidation, large creditors to get 3c in the dollar under proposed plan – NT News

Grocons administrators have advised against winding up the collapsed construction giant after revealing the complex group has been insolvent since February 2019, deeming a deed of company arrangement in the best interests of creditors. Grocon has placed 88 subsidiaries – many of them dormant – in the hands of KordaMentha, blaming its plight on the…

Grocon: Administrators advise against liquidation, group insolvent since Feb 2019 – The Australian

Grocons administrators have advised against winding up the collapsed construction giant. Picture: Daniel Pockett/NCA NewsWire Grocons administrators have advised against winding up the collapsed construction giant after revealing the complex group has been insolvent since February 2019, deeming a deed of company arrangement in the best interests of creditors. Grocon has placed 88 subsidiaries –…

Supreme Court of India Stays Telangana High Court Judgement in an Insolvency Case of Oil Country Tubular (OCTL) – Outlook India

Outlook March 23, 2021 14:00 IST Supreme Court of India Stays Telangana High Court Judgement in an Insolvency Case of Oil Country Tubular (OCTL) outlookindia.com 1970-01-01T05:30:00+0530 (Eds: Disclaimer: The following press release comes to you under an arrangement with Business Wire India. PTI takes no editorial responsibility for the same.) With a total loan outstanding…

Mining Weekly New Hope faces legal claims as it swings to a loss – Creamer Media’s Mining Weekly

PERTH (miningweekly.com) Coal miner New Hope Corporation has vowed to defend itself against legal proceedings against two of its now defunct subsidiaries, while also announcing that it had swung to a loss during the first six months of 2021. New Hope on Tuesday told shareholders that liquidators from its former subsidiaries Northern Energy Corporation (NEC)…