Mumbai: The National Company Law Tribunal adjourned the hearing of insolvency petitions filed against Reliance Communications to early next month after a group of the telecom operators lenders sought time to consider converting the companys loans into equity. The joint lenders forum managing the recast of RComs debt will have a meeting this month-end, the…
Famed Italian hatmaker Borsalino, the company behind Humphrey Bogart’s fedora in “Casablanca” and Harrison Ford’s lucky headgear in the “Indiana Jones” movies, was declared bankrupt on Monday, a trade union said. A court in Alessandria in northern Italy threw out a rescue plan for the legendary company and put it into administration, Elio Bricola from…
Before he was arrested in the brutal scalping death of the mother of his newborn daughter, promising scion Blake Leibel got caught up in a twisted love triangle and developed ties to the decadent poker scene depicted in ‘Molly’s Game.’ As he prepares to stand trial, those who knew Leibel best reveal what could have…
Dipak Mondal New Delhi Last Updated: December 18, 2017 | 20:43 IST Arvind Gawda, a resident of Pune, has taken his employer Zeel Global Projects Private Limited to the National Company Law Tribunal (NCLT) and started a bankruptcy proceeding against it for non-payment of salary amounting to Rs 1.5 lakh. The NCLT has admitted the case as Zeel…
The Insolvency Section, Ministry of Corporate Affairs, in a notice dated 12th December 2017, has announced the constitution of the Insolvency Law Committee. The Committee shall be chaired by the Secretary, Ministry of Corporate Affairs, as per a notification dated 16th November 2017. The Committee has been constituted to take stock of the functioning and…
$30 Million Private Placement of Common Stock and Warrants Concurrent Conversion of $45 Million of Outstanding Debt into Equity Management to Host Corporate Update Conference Call to Discuss the Transaction on Monday, December 18, 2017 at 1:30 p.m. PST / 4:30 p.m. EST DAVIS, Calif., Dec. 18, 2017 (GLOBE NEWSWIRE) — Marrone Bio Innovations, Inc. (MBI…
White & Cases Asia R&I head joins Ashurst in Hong Kong | Asian Legal Business White & Cases Asia R&I head joins Ashurst in Hong Kong Ashurst has hired restructuring specialist Damien Whitehead as a partner in its finance… Read the full article at: http://www.legalbusinessonline.com/appointments/white-case’s-asia-ri-head-joins-ashurst-hong-kong/75212
Santa Clara, Calif. December 15, 2017 Avaya Holdings Corp. (Avaya or the Company) announced that it has successfully completed its debt restructuring and emerged from chapter 11. This is the beginning of an important new chapter for Avaya, said Jim Chirico, Avayas president and CEO. In less than a year since the commencement of our…
Kieron Pinard-Byrne, left, and Lennox Linton. The leader of the opposition in Dominica looks to be heading closer to bankruptcy as a long-running defamation lawsuit continues. Lennox Linton, leader of the United Workers Party, was ordered to pay £26,000 (US$35,290) to Kieron Pinard-Byrne. This sum was set by the Privy Council in April 2017. The…
Teva Pharmaceutical Industries Ltd. jumped 18.7% on the New York Stock Exchange between Thursday market opening and Friday market close, following the company’s official announcement regarding its reorganization plan, including the layoffs of 14,000 employees. The increase saw Teva regain its status as the highest valued Israel-based company in terms of market capitalization, with a…