NCLT lets insolvency proceedings against debt-ridden Essar Power Jharkhand
The principal bench of NCLT has appointed an interim resolution professional (IRP) to manage the affairs of the company, according to an order.....»»
Student loan borrowers are using their vacation days to pay off their debt
This new employee benefit lets workers trade in their paid time off......»»
Puerto Rico reaches key deal with power company bondholders
Puerto Rico's government has reached a key debt restructuring deal with a group that bought bonds issued by the U.S. territory's power company......»»
The Cataclysmic $243 Trillion Global Debt Bomb Will Explode, Impoverishing Everyone
Authored by Mac Slavo via SHTFplan.com, Once the global debt bomb explodes, there won’t be much left for anyone. Governments will fall, individuals will be impoverished, and businesses will implode. The elitists in power have tried to.....»»
Asiana Airlines CEO Park quits in aftermath of accounting fiasco
Asiana Airlines' co-CEO resigned on Thursday and its debt-ridden parent Kumho Asiana Group sought financial support from its top creditor after an accounting fiasco at the South Korean carrier threatened the group's liquidity position......»»
Plug Power - Shares Continue To Rally Despite Weak Core Business Trends And Newly Disclosed Debt Issues
Plug Power - Shares Continue To Rally Despite Weak Core Business Trends And Newly Disclosed Debt Issues.....»»
India"s NCLT OKs ArcelorMittal"s Resolution Plan For Essar Steel
India"s NCLT OKs ArcelorMittal"s Resolution Plan For Essar Steel.....»»
Vivo"s Apex 2019 lets you scan fingerprints anywhere on screen
The 5G concept phone has no physical volume, power buttons to be the perfect phone slab, or a USB port......»»
Essar Steel sale: Numetal moves NCLAT against NCLT; Arcelor writes to SBI
Numetal may also bring up the issue of apprehension of its bid being rejected by the CoC later.....»»
Insolvency: Numetal moves NCLAT against NCLT; ArcelorMittal writes to SBI
Numetal may also bring up the issue of apprehension of its bid being rejected by the CoC later.....»»
NCLT questions Monnet Ispat"s liquidation value of Rs 23.65 billion
The RP had appointed Knight Frank and RBSA Advisors as the valuation experts in the insolvency and bankruptcy case.....»»
BHEL, L&T among contractors seeking dues from Visa Power"s insolvency
The team handling the resolution of Visa Power, however, has expressed concern that the sale of the company will not generate enough revenue to pay the pending dues of contractors.....»»
Mapping insolvency: Why list of suitors for debt-laden Ruchi Soya is long
At the heart of the bidding war lies the firm's edible oil refining capacity.....»»
Binani insolvency: UltraTech cites order on Bhushan, Dalmia rebuts plea
Dalmia Bharat, the top bidder for Binani Cement, said the two cases were different and the NCLT Delhi's order had no bearing on the matter.....»»
Trade war could be tipping point for China"s debt-ridden economy
China's GDP growth will slow if a trade war with the U.S. ensues. That, along with the Red Giant's debt bubble, puts its future at risk......»»
Trade war could be tipping point for China"s debt-ridden economy
China's GDP growth will slow if a trade war with the U.S. ensues. That, along with the Red Giant's debt bubble, puts its future at risk......»»
Insolvency proceedings: DCHL resolution professional admits Rs 79 bn claims
Canara Bank had filed an application in May 2017, requesting the tribunal to initiate insolvency resolution against the company.....»»
Bankruptcy cases: Resolution professionals under attack from bidders, NCLT
The arbitrary way of handling of IBC cases by RPs has led to litigation and delayed resolution of bank debt worth Rs 3 trillion, say lawyers.....»»
Essar Steel sale: Lenders may give time to Arcelor, Numetal to rectify bids
Committee of creditors (CoC) for Essar Steel to take call on bids after order by Ahmedabad bench of the National Company Law Tribunal (NCLT).....»»
Insolvency: JSW writes to CoC on inviting fresh bids for Essar Steel
JSW's pitch for a fresh round of bids is based on the premise of maximisation of value.....»»
NCLT ruling on Bhushan Power & Steel boosts UltraTech plea for Binani
The recent order by NCLT Delhi in the Bhushan Power & Steel case admitting a bid after completion of the bidding date, has made the case stronger for UltraTech Cement, which lost out to Dalmia Bharat Cement in the race for .....»»