Insolvency Guardian Media Centre

Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
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How companies will change hands to the next generation – Economic Times
Many companies are battling insolvency proceedings, and a lot of them will see either promoters giving up or being taken
Cofferdam issue: end to stalemate in sight – The Hindu
Experts of the National Hydro Power Corporation (NHPC) have come up with a via media solution to the Polavaram cofferdam
Here’s what’s derailing your financial resolutions – CNBC
"People end up being trapped in the credit card cycle, where they are constantly catching up," said Capalad. Breaking out
Insolvency resolution: Another defaulters’ list sent to NCLT – Business Standard
This was after RBI refused to a proposal from the banks to relax the rules in this regard
Lok Sabha passes amendment in Bankruptcy code – Zee Business
The much-awaited Insolvency & Bankruptcy Code (Amendment) Bill which will tighten norms on willful defaulters,  was passed by Lok Sabha. 
BA owner IAG to buy insolvent Austrian holiday airline Niki – Yahoo7 News
FRANKFURT (Reuters) - British Airways' owner IAG <ICAG.L> said on Friday it would buy Niki, Air Berlin's <AB1.DE> insolvent Austrian
Gov. Cuomo plans to help New Yorkers with ‘exploding’ student loan debt – New York Daily News
ALBANY Gov. Cuomo on Friday unveiled set of measures intended to aid New Yorkers struggling with exploding student loan
Financial restructuring south of the border – Oil & Gas Financial Journal
Navigating complexities of two legal systems requires some expertise Michael J. Venditto, Reed Smith, New York City and Alonso Gómez
BA owner IAG to buy insolvent Austrian holiday airline Niki – Business Insider
Empty Niki check-in counters are seen at Vienna International Airport in Schwechat Thomson Reuters FRANKFURT (Reuters) - British Airways' owner
UPDATE 1-Russia’s Mechel says has enough creditor support for restructure of $1 bln loan – Business Insider
(Adds details, quotes, context) MOSCOW, Dec 29 (Reuters) - Russian coal and steel producer Mechel said on Friday that talks
Govt won’t waive off corporate loans despite staggering NPAs of public sector banks – Firstpost
New Delhi: The government has no plans to waive off corporate loans and banks while banks have advised to either
SEKAP Tobacco Company Gets Temporary 3-week Stay in Debt Collection – Greek Reporter
After a few weeks of public turbulence with its board threatening with a total shutdown of operations, the troubled SEKAP