Roosevelt University Announces Successful Debt Restructuring with Preston Hollow Capital – Business Wire (press release)

Restructuring

CHICAGO–(BUSINESS WIRE)–Roosevelt University, a leading higher education institution dedicated to social justice and to making higher education available to all students who qualify academically, regardless of their background, today announced that it has completed a successful debt restructuring that provides significant relief from debt service obligations and allows the University to reallocate funds towards completion…

IBC: Ruias Offer To Repay Over Rs 54000 Crore To Withdraw Essar Steel From Insolvency – BloombergQuint

Bankruptcy

Promoters of Essar Steel Ltd., the Ruia family, have offered to repay creditors of the steel firm in an attempt to withdraw it from the insolvency resolution process. In a press statement on Thursday, the companys shareholders said they are willing to pay Rs 54,389 crore to creditors. The company said that Essar shareholders will…

Jaypee Infratech Ltd – Corporate Insolvency Resolution Process (CIRP)-Invitation of Resolution Plan – The Hindu BusinessLine

Liquidation

In compliance of Para 16(h) of Part A of Schedule III and Regulation 30, i.e. submission of particulars of invitation of resolution plan under section 25(2)(h) of Insolvency Code in Form specified under Regulation 36A of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, copy of Form G containing required particulars is enclosed…

Mumbai court to hear bankruptcy petitions against 15 Videocon companies – Economic Times

Bankruptcy

NEW DELHI: A single court in Mumbai will hear matters pertaining to bankruptcy proceedings of 15 Videocon group companies pending in multiple courts, the National Company Law Tribunal (NCLT) ruled on Wednesday. NCLT president, Justice MM Kumar, directed that all insolvency proceedings initiated by the State Bank of India against the Videocon group be adjudicated…

NCLT Principal bench directs to move Videocon insolvency pleas to one court – The Hindu BusinessLine

Bankruptcy

The principal bench of the National Company Law Tribunal (NCLT) on Wednesday directed to transfer all insolvency petitions related to Videocon group being heard in Mumbai courts to a single court there. NCLT President Justice M M Kumar directed to transfer all insolvency petitions related to Videocon group to one court headed by M K…