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Amtek Auto sells its SMI JV stake to Nippon Steel, Sumitomo Metal Corp

Amtek Auto is one of the 12 large insolvency cases which are undergoing insolvency resolution process with NCLT.....»»

Category: topSource: business-standardApr 18th, 2018

Lobbyists face new requirements at Citizens

With Florida Chief Financial Officer Jimmy Patronis pointing to more “transparency,” lobbyists who represent clients at the state-backed Citizens Property Insurance Corp. will have to comply with a new registration process. Patronis, a state Cabi.....»»

Category: topSource: bizjournalsJun 13th, 2018

2018 Small Business Award winner: Tomecek Studio

“I think there are a lot of people out there that kind of minimize that piece of the building process … We’re constantly just trying to participate and keep in that discussion about what is good design and why does it matter.”.....»»

Category: topSource: bizjournalsMay 24th, 2018

Insolvency process: NCLAT stays NCLT order on Jaiprakash Associates land

the National Company Law Appellate Tribunal today stayed the NCLT order which had directed the realty firm to return nearly 760-acre land to its subsidiary Jaypee Infratech......»»

Category: topSource: business-standardMay 24th, 2018

Charlotte mortgage company jumps Carolinas border with the promise of 1,100 jobs for Fort Mill

A Charlotte mortgage service company will jump the Carolinas border to Fort Mill with plans to eventually grow to 1,100 jobs. In the process, RoundPoint Mortgage Servicing Corp. will build a $34 million headquarters and will kick off development of.....»»

Category: topSource: bizjournalsMay 22nd, 2018

NCLAT refuses to stay Tata Steel"s acquisition of debt-laden Bhushan Steel

The National Company Law Appellate Tribunal (NCLAT) today declined to stay Tata Steel's acquisition of debt-laden Bhushan Steel under the corporate insolvency resolution process. An NCLAT bench headed by Chairman Justice S J Mulh.....»»

Category: topSource: business-standardMay 21st, 2018

Sears shares jump after board initiates formal process to sell assets including Kenmore brand

Sears Holdings Corp. shares jumped 13.2% in Monday premarket trading after the struggling retailer announced it would b.....»»

Category: topSource: marketwatchMay 14th, 2018

SMIC to start risk production of 14nm FinFET process in 1H19

Semiconductor Manufacturing International Corp (SMIC), the largest China-based foundry house, will kick off r.....»»

Category: topSource: digitimesMay 12th, 2018

Patricia Stitzel officially assumes role as first female CEO of Tupperware

Patricia A. Stitzel became the first female president and CEO of Tupperware Brands Corp. on May 9, after a planned succession process and election by the company's board of directors. Stitzel has served as the Tupperware's president and chief ope.....»»

Category: topSource: bizjournalsMay 9th, 2018

This time, Duke Energy CEO swears of RNC effort, it will be different

Duke Energy Corp. will participate in the effort to bring the 2020 Repubican National Convention to Charlotte. But this time, CEO Lynn Good promises, it will be different. During Duke’s annual shareholder meeting, held online Thursday afternoon, a.....»»

Category: topSource: bizjournalsMay 3rd, 2018

Insolvency: CCI okays Tata Steel"s acquisition of debt-ridden Bhushan Steel

Under insolvency process, Committee of Creditors declared Tata Steel as successful resolution applicant for Bhushan Steel.....»»

Category: topSource: business-standardApr 26th, 2018

Insolvency crisis: 2500 bankruptcy cases, but where are the judges?

A streamlined bankruptcy process is crucial for Prime Minister Narendra Modi's attempts to come to grips with a simmering banking crisis that's sucking the energy out of India's economy.....»»

Category: topSource: business-standardApr 25th, 2018

Ignore CCI at your own peril

What is the role of the Competition Commission of India in the insolvency resolution process?.....»»

Category: topSource: business-standardApr 24th, 2018

Nepal PM speaks to Indian, Pak counterparts to resume stalled SAARC process

The summit was called off after Bangladesh, Bhutan and Afghanistan also declined to participate. There has been no progress since then.....»»

Category: topSource: business-standardApr 23rd, 2018

Nagarjuna Oil Corp to be liquidated as resolution plan fails: promoters

Nagarjuna Oil Corporation Ltd (NOCL) has informed the National Company Law Tribunal (NCLT), Chennai, that its Committee of Creditors (CoC) has taken decision to go for liquidation of the company, as the efforts to find out a Resolut.....»»

Category: topSource: business-standardApr 21st, 2018

Insolvency: Creditors" role in Binani Cement bidding under scanner

NCLT Kokata Bench seeks to know if CoC could have modified its process document to consider UltraTech Cement's resolution plan.....»»

Category: topSource: business-standardApr 20th, 2018

Protecting the insolvency process

Regulatory forbearance should be viewed with caution.....»»

Category: topSource: business-standardApr 16th, 2018

A year later, the Insolvency and Bankruptcy Code is still work-in-progress

Bbankruptcy proceedings continue to drag on in several cases beyond the expected time-frame, with borrowers and unsuccessful bidders challenging the process in civil courts.....»»

Category: topSource: business-standardApr 16th, 2018

Binani creditors" forum seeks audit of insolvency resolution process

The Binani Operational Creditors Forum (BOCF) today said it has sought a forensic audit of the insolvency resolution process of debt-ridden Binani Cement due to an alleged lack of transparency and step motherly treatment to Micr.....»»

Category: topSource: business-standardApr 15th, 2018

To participate in stake sale process, IFC may underwrite Air India debt

Rs 333-bn debt on Air India's books has upset many potential bidders.....»»

Category: topSource: business-standardApr 15th, 2018