Lenders Reject JM Financial ARC-RIL’s Bid For Alok Industries – BloombergQuint

A joint resolution plan submitted by JM Financial Asset Reconstruction Company Ltd. and Reliance Industries Ltd. has not met with approval of the committee of creditors of Alok Industries Ltd., RIL said in a late-evening stock exchange notification today. The 270-day deadline for the corporate insolvency resolution programme under the insolvency and bankruptcy code ended…

Is Pennsylvania doing enough to help students, parents with college debt? – Meadville Tribune

The Pennsylvania House unanimously passed legislation last week to require colleges to give students annual notices explaining how much debt they are accumulating while in school. With Pennsylvania being one of the worst states in the country for college affordability, is that enough? Only students in New Hampshire graduate with more debt, on average, than…

Electrosteel Insolvency case: IBBI fines Electrosteel resolution professional – Financial Express

The Insolvency and Bankruptcy Board of India (IBBI) has imposed a monetary penalty on the resolution professional (RP) of insolvent Electrosteel Steels. The Insolvency and Bankruptcy Board of India (IBBI) has imposed a monetary penalty on the resolution professional (RP) of insolvent Electrosteel Steels for failure to consider the claim of an operational creditor, and…

Electrosteel Insolvency case: IBBI fines resolution professional for not considering creditor claim – The Indian Express

Written by Mithun Dasgupta | Kolkata | Published: April 15, 2018 3:49:11 am National Sales claims fell in the category of 31 operational creditors for which claims are under dispute in the pre-corporate insolvency resolution process The Insolvency and Bankruptcy Board of India (IBBI) has imposed a monetary penalty on the resolution professional (RP) of…