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The Gujarat National Law University Centre for Corporate and Insolvency Laws (GCCIL), in collaboration with the Insolvency and Bankruptcy Board of India (IBBI) and Insolvency Law Academy (ILA) is organising a 2nd Edition of GCCIL National Mock CIRP Competition, 2025 from 6th – 8th March, 2025.
About the Gujarat National Law University
Gujarat National Law University (GNLU) is the statutory university established by the Govt. of Gujarat under the Gujarat National Law University Act, 2003. The University is recognized by the Bar Council of India (BCI) and the University Grants Commission (UGC) (2f & 12B). The University is also a member of the Association of Indian Universities (AIU), United Nations Academic Impact (UNAI),…
The Finance Minister is expected to place the Union Budget in Parliament on February 1, 2025. While critical fiscal law reforms are likely, the government should take this opportunity to initiate deeper reforms to revigorated the Indian stressed assets markets.
The IBC was a radical structural reform when it was introduced in 2016. It has been instrumental in reducing NPA levels and increasing recovery for banks. Over the years, the practical working of the law threw up various challenges. The government as well as the judiciary were extremely proactive in addressing these challenges by continuously streamlining the law and the jurisprudence around it. Two problems, however, persisted.
New York behemoth Cerberus Capital Management is canvassing Star Entertainment’s lender syndicate to identify banks or credit funds willing to sell their debt, as the battered casino giant speeds towards an insolvency and breakup of its assets.
Street Talk can reveal Cerberus’ dealmakers have made it clear to Star’s lender group that they are interested in buying a slice of its debt, which tops $400 million and is held by Westpac, Barclays, Deutsche Bank and Soul Patts, among others. Sources said the smaller lenders, who’ve run out of confidence with CEO Steve McCann’s turnaround plan and just want out, are Cerberus’ best bet of wedging itself into Star’s capital structure.
It has been said before but it must be said again; social media only shows the highlight of a person’s life and doesn’t tell the real story. If you’re feeling jealous of someone’s luxurious lifestyle, remind yourself that these people might actually be bankrupt or debt-ridden.
Bruno Mars marks historic feat in musical career
Despite marking a historic feat, American singer Bruno Mars stayed humble enough to remember he has a gambling debt to pay.
Taking over to his Instagram stories on Tuesday, January 28, the APT global smash hit maker celebrates his major milestone on Spotify.
The musician re-shared a post by the music streaming service, announcing that he “became the first artist to reach 150 million monthly listeners in Spotify history.”
However, one more thing garnered much attention in his social media posts.
The Court was dealing with appeals filed under Section 62 of the IBC against the National Company Law Appellate Tribunal’s (NCLAT) judgments regarding the Corporate Insolvency Resolution Process (CIRP) of Hindustan National Glass and Industries Ltd. (HNGIL).
The primary issue concerned the approval of a resolution plan submitted by AGI Greenpac Ltd., which has sought to acquire HNGIL. The combination of these two major players in the glass packaging industry raised concerns over its potential impact on market competition.
The appeals also challenged the NCLAT’s interpretation of the requirement for CCI approval under Section 31(4) of the IBC.
HNGIL (corporate debtor) holds a dominant position in India’s glass packaging…
Bruno Mars is poking some fun at those gambling debt rumors.
While celebrating hitting a major career milestone on Spotify on Tuesday (January 28), the 39-year-old “Die With a Smile” singer cracked a joked about his alleged financial problems.
“KEEP STREAMING! I’ll be out of debt in no time,” Bruno wrote on his Instagram Story along with a post announcing that he recently became the first artist in Spotify history to reach 150 million monthly listeners.
Keep reading to find out more…Along with the message, Bruno shared the dancing man emoji and a clip to his Silk Sonic song “777,” which features the lyrics, “I’m ’bout to buy Las Vegas after this roll.”
The “debt” Bruno references in the post comes after…
Bruno Mars and Sexyy Red have dropped a track titled “Fat Juicy and Wet”. Released on January 24, 2025, the single comes after the duo teased it earlier this week on socials, leaving fans oscillating between this can’t be real and Bruno, are you okay?
Meanwhile, the track serves up playful, funky beats with a side of provocative lyrics, now dialed up to eleven with Sexyy Red’s unapologetically bold persona. But as the collab hit streaming platforms, the internet had some things to say.
One X (formerly Twitter) user didn’t hold back, questioning Bruno’s motives like a concerned friend:
