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Majestic Cinemas enters voluntary administration, CEO vows to protect 80-year-old Art Deco Sawtell theatre

In short: Majestic Cinemas chief executive Kieran Dell says the company has faced mounting challenges from natural disasters. He says a post-COVID hangover and the writers’ strike have also hurt the business. What’s next? Mr Dell has vowed to keep an 80-year-old historic cinema in Sawtell open. A regional theatre chain has entered voluntary administration this week, blaming a slump in film…

Reliance Infra Ltd faces curb on trading in shares, seeks review of insolvency-linked surveillance framework

New Delhi: Reliance Infrastructure Ltd on Sunday said that it has sought a review of the insolvency-related surveillance framework, under which trading in the company’s stock is allowed only once a week. Reliance Infrastructure Limited, in a statement, said it has submitted a formal representation to the Securities and Exchange Board of India (SEBI), National…

Reliance Infrastructure Calls for Review of Trading Restrictions Amid IBC Concerns, ETLegalWorld

Reliance Infrastructure Ltd on Sunday said it has approached the market regulator, SEBI, and the stock exchanges, NSE and BSE, seeking a review of the Insolvency and Bankruptcy Code (IBC)-linked surveillance framework that has placed its shares under additional trading restrictions. “Reliance Infrastructure Limited has submitted a formal representation to the Securities and Exchange Board…