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Apollo Capital Warns MediPharm Shareholders of Continued Value Destruction and Insolvency Risk Following Disastrous Q1 Financial Results The Malaysian Reserve
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The Supreme Court’s decision in Bhushan Power & Steel Ltd. v. JSW Steel Ltd., reported as 2025 INSC 621, is far more than a routine appellate pronouncement. It is, in my respectful submission, a judicial earthquake. For those who have previously served on the National Company Law Tribunal (NCLT), this ruling resonates as both a validation and a rebuke: a validation of judicial resolve, and a rebuke to systemic frailty that allowed such a high-profile resolution to unravel. It compels reflection—not only upon what went wrong in this case, but upon the structural deficiencies that have taken root within the IBC ecosystem.
What began as a celebrated instance of revival—a distressed steel manufacturer rescued by a marquee corporate…
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KARACHI: Federal Minister for Finance and Revenue, Muhammad Aurangzeb, Friday said Pakistan is adopting the Malaysian Green Finance Model to enhance its debt management strategy and address climate change financing needs.
He made these remarks while addressing a gong ceremony organized by the Pakistan Stock Exchange (PSX) via video link from Karachi on Friday, marking the launch of the country’s first-ever sovereign domestic green Sukuk. The finance minister highlighted that Pakistan stands to gain valuable insights from the Malaysian model and expressed confidence that the country can effectively move in that direction.
He further told the participants that in overall debt profile of Pakistan, Sukuks have the share of around 14…
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Owners of aircraft maintained by Systematic Aviation Services Sdn Bhd (SAS), which has now been wound up by the High Court, are in a dilemma as they may not be able to use them for at least a year.
A source said with SAS’s licences as an Aircraft Maintenance Organisation (AMO) and Continuing Airworthiness Management Organisation (CAMO) revoked, the owners must wait for approval from the Civil Aviation Authority of Malaysia (CAAM) to transfer their aircraft to another AMO.
He told FMT that the procedure may take too long as aviation regulations pertaining…
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By Ben Zigterman · May 16, 2025, 7:23 PM EDT
The U.S. Trustee’s Office objected to the proposed Chapter 11 plan of Creativemass, a wealth management app developer that is pursuing prepackaged liquidation, arguing that the plan would lock in prepetition…
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The National Company Law Tribunal (NCLT) on Friday issued a notice to Gensol Engineering, directing it to file a reply over the insolvency plea by the Indian Renewable Energy Development Agency, and listed the matter on June 3 for hearing.
IREDA’s plea came for hearing before a two-member Ahmedabad-based Bench of the insolvency tribunal NCLT.
The Bench, comprising Judicial Member Shammi Khan and Technical Member Sanjeev Kumar Sharma, has directed to list the matter on June 3 for the hearing.
During the proceedings, IREDA requested the bench to appoint an Interim Resolution Professional (IRP) to take charge of the company as the top leadership has exited, following the order passed by the market regulator SEBI. However, the…
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After weeks of staying sidelined, the bond market is rumbling back to life. Bank of America, Goldman Sachs, Barclays, and JPMorgan are dusting off a shelved 2.5 billion ($2.8 billion) high-yield bond sale to back Flutter Entertainments 
FLUT acquisition of SnaitechPlaytechs Italian gambling business. The deal, originally set for April, was paused as markets reeled from a spike in geopolitical tension and U.S. tariff noise. Now, with lenders spotting a brief window of calm, the dual-tranche bonddenominated in euros and dollarsis likely to launch next week.
Its a bold swing. Junk-debt markets had all but frozen, but a handful of oversubscribed deals in recent weeks have given underwriters just enough confidence to test the waters again….
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More than 134,000 Los Angeles County residents will be receiving notices of medical debt relief through a Department of Public Health program.
The Los Angeles County Department of Public Health said qualifying residents will receive letters from the county and national nonprofit Undue Medical Debt saying their medical debt has been relieved. The assistance will come from the Los Angeles County Medical…
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Feds tame student loan debt relief operation ConsumerAffairs
