CoC approves 90-day extension, Legal News, ET LegalWorld

Highlights Jaiprakash Associate Limited’s Committee of Creditors approved a 90-day extension of the Corporate Insolvency Resolution Process, after receiving 92.69% of e-votes in favor. The National Company Law Appellate Tribunal upheld the National Company Law Tribunal’s decision to admit Jaiprakash Associate Limited to Corporate Insolvency Resolution Process in June 2023. Jaiprakash Associate Limited‘s Committee of…

Acticor Biotech goes into receivership

Acticor Biotech announced on Monday that the Paris Commercial Court had ordered the company’s compulsory liquidation last Thursday. “Despite all our efforts over the last few months, we have not succeeded in refinancing the company within the timeframe set by the court-ordered receivership procedure”, explains CEO Dr. Gilles Avenard. In view of this court decision,…