New Delhi: Creditors rescued 69 indebted businesses in the June quarter through the Insolvency and Bankruptcy…
Tag: creditors
Can JSW ruling upset insolvency regime’s balance?
The Supreme Court ruling quashing Bhushan Power & Steel’s (BPSL) resolution plan has upended JSW Steel’s…
FTX to Start Paying Main Creditors’ Bankruptcy Claims in May
(Bloomberg) — Former cryptocurrency firm FTX will start paying its main creditors at the end of…
Canada’s Oldest Retailer, Hudson’s Bay, to Begin Liquidating Most Stores on Monday
(Bloomberg) — Hudson’s Bay Co. ULC can begin liquidating all but six of its stores on…
Oaktree Buys Up Position in Sunnova Debt Ahead of Talks
(Bloomberg) — Oaktree Capital Management has been buying up debt in Sunnova Energy International Inc. as…
SpiceJet Insolvency Claims: Are Creditors Leveraging IBC Forum for Settlement?
On 19 November, judicial member Mahendra Khandelwal of the Delhi bench of the NCLT (National Company…
Stockbrokers breathe easy as bankruptcy cloud lifts
An insolvency court ruling keeping stockbrokers out of the purview of the Insolvency and Bankruptcy Code,…
Byju’s transferred funds in violation of bankruptcy rules via shell company: Report | Mint
Byju’s, the embattled tech company controlled by Indian entrepreneur Byju Raveendran, has been accused of illegally…
Dish Network in Talks With Investors to Settle Lawsuit
(Bloomberg) — Dish Network Corp., the ailing satellite-TV provider with more than $20 billion in debt,…
Supreme Court declines Byju’s plea to block formation of creditors’ committee | Mint
New Delhi: The Supreme Court on Tuesday declined a plea by Byju’s to prevent the resolution…