53% in Canada within $200 of financial insolvency
More than 53% in Canada say that they are $200 or less from being financially insolvent, says the latest survey...
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Gurgaon-based hotelier drags OYO subsidiary into insolvency court
Gurgaon-based hotelier Rakesh Yadav, who runs a 21-room hotel by the brand name Yellow White Residency has initiated insolvency proceedings...
Highlights of pre-pack scheme for MSMEs
The government has given a go-ahead to the pre-pack scheme for micro, small and medium enterprises (MSME) through an ordinance...
Financial creditors recover only 10% of claims in 23 resolutions during Oct-Dec quarter
In the October-December 2020 quarter, 23 Corporate Insolvency Resolution Processes (CIRPs) yielded resolution plans helping banks and other financial institutions...
The story of a UK real estate company and its broken promises
It looks like the malaise that afflicts the real estate sector – misappropriation of funds and delay in delivery --...
NCLAT orders liquidation of KS Oils as NCLT ‘ignores’ creditors’ repeated petitions
In a scathing commentary on the failure of the National Company Law Tribunal (NCLT) to perform its role, the National...
SC dashes Gujarat NRE Coke promoter’s hope; bars him from proposing scheme of compromise during liquidation
The Supreme Court has dashed all hopes of Arun Kumar Jagatramka, the former promoter of Gujarat NRE Coke, of getting...
Why Orchid Pharma shares have jumped 7,346% since relisting on exchanges
The Orchid Pharma share prices have surged from 7,346% since their relisting on exchanges on 2 November 2020. The share...
SC paves way for Rekha Jhunjhunwala-led consortium to acquire Ricoh India
The Supreme Court of India has reinstated the resolution application submitted by the consortium of Kalpraj Dharamshi and Rekha Jhunjhunwala for Ricoh India. The...
“Liquidation of EPC companies yields catastrophic outcomes”
India cannot achieve its infrastructure ambitions if hundreds of EPC companies languish in insolvency. A virtual session on ‘Distressed Debt in...