Jaiprakash Associates: Five Resolution Plans Under Voting for Debt-Laden Company scanx.trade
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Federal Court lets liquidator serve documents on company director in Singapore Australasian Lawyer
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OPINION | Transforming real estate insolvency and recovery through IBC reforms Moneycontrol
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The Committee of Creditors (CoC) of Jaiprakash Associates Ltd (JAL) recently reviewed the final resolution plans submitted by five interested bidders and is expected to vote on the selected plan within the next two weeks. According to sources, Adani Enterprises Ltd?s proposal to make full payments to lenders within two years has been rated higher than Vedanta Ltd?s plan, which involves staggered payments over five years.
In early September, Vedanta had been named the highest bidder in the auction conducted by lenders, offering an acquisition value with a net present value (NPV) of INR 12,505 crore. Following the auction, lenders held further discussions with all five shortlisted…
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VIRGINIA BEACH, Va. — Two Virginia Beach-based businesses are aiming to raise $25 million to help veterans pay off their medical debt through a campaign that could impact more than 10,000 veterans across the country.
Virginia Beach clothing company Born Primitive and Virginia Beach coffee business Black Rifle Coffee Company teamed up for the five days leading up to Veterans Day to donate 100% of their profits to wipe out medical debt for veterans.
Newport News Army veteran Lynzi Felder was one of the recipients, receiving $11,000 to help pay off her medical bills.
“I think the most amazing part about this is, like, you guys are reaching all veterans with this,” Felder said.
Bear Handlon, co-founder and CEO of Born Primitive, said seeing…
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The Tintenbar wildlife attraction long known to locals as the Macadamia Castle has entered voluntary administration, raising questions about the future of one of the region’s most recognisable tourism icons.
The sanctuary — rebranded as the Byron Bay Wildlife Sanctuary in 2021 after being acquired by not-for-profit Wildlife Recovery Australia (WRA) — has struggled for patronage in recent years after the Pacific Motorway upgrade bypassed the site.
More recently it has faced ongoing criticism from some community members over entry fees and perceptions about the value of its attractions.
Despite the announcement, the park was trading and open to visitors when Ballina News Daily visited this morning.
WRA Statement
In a statement…
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