Anil Ambani-promoted Reliance Communications (RCom), which is now bankrupt, will now undergo liquidation, unless the Supreme Court overturns the National Company Law Appellate Tribunal (NCLAT) order. The order states that spectrum owned by the firm can be sold under the insolvency process after government dues are cleared. A banking source said the committee of creditors…
18 April 2021 Consultancy.com.au 2 min. read Insolvency and restructuring consultancy Mackay Goodwin has broadened its service portfolio to include corporate advisory, with Covid-19 having presented unique challenges for clients. Mackay Goodwins expansion into corporate advisory services is overseen by Anthony Lucic and Michael Bogue, who have both been brought in to lead the new…
Earlier this month, NBCC and Mumbai-based Suraksha group submitted their revised bids to acquire Jaypee Infratech through an insolvency process TopicsJaypee Infratech|Jaypee Infratech bid Jaypee Infratech’s lenders have asked state-owned NBCC Ltd and Suraksha group to improve their bid and offer more land parcels under an insolvency process to acquire debt-laden realty firm. Earlier this…
Lenders of the debt-ridden Future Retail Ltd have approved a plan to restructure the existing financial debt of the company under an RBI announced resolution framework for COVID-19 related stress. The restructuring plan now would be forwarded for approval to an expert committee, formed by RBI under the chairmanship of K V Kamath, Future Retail…