Vijay Mallya is Former two term Member of Parliament (Rajya Sabha), Chairman of The UB Group, Sports enthusiast, Veteran Formula One Team Principal, Championing Youth empowerment. On July 26, 2021, Mallya twitted, ED attach my assets worth 14K crores at behest of Govt Banks against debt of 6.2K crores. They restore assets to Banks who…
CHICAGO–(BUSINESS WIRE)–The Claro Group (Claro) welcomes Bill Fasel as a Managing Director in the firms Corporate Finance & Restructuring Services practice. Mr. Fasel will be located in Claros Chicago office and will leverage the firms complex disputes, investigations and insurance claims expertise to deliver turnaround and restructuring, performance improvement and advisory services to underperforming and…
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By Vishnu Makhijani New Delhi, Aug 9 (IANS): India’s laws relating to insolvency and arbitration are in sync with global practices, but are not a “cure for all problems” and would undergo reform over time to keep pace with the needs of the economy, says Vivek Sood, a Senior Advocate of the Supreme Court who…
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This article first appeared in The Edge Malaysia Weekly, on August 2, 2021 – August 08, 2021. JOHOR Corp Bhd (JCorp), the state-controlled investment arm of Johor, is in the midst of a large-scale restructuring exercise, which entails a full-scale review of its existing business ventures, sources familiar with the matter tell The Edge. While…
The amendments “should pave the way for corporate India into the future”, Sood said, adding: “Of course, many other areas need reform too” and the Insolvency and Bankruptcy Code and the Arbitration and Conciliation Act “are not a cure for all problems”. “Free play in the joints ought to be given to the legislature and…
KIRK HARGREAVES/Stuff The companies were placed in liquidation following a High Court order, the liquidator says. Two companies in the Sacred Hill wine group have been placed into liquidation, with one of the companies owing staff $290,000. In May and June the group, including Sacred Hill Vineyards, Sacred Hill Marlborough Vineyards, Sacred Hill Family Vineyards…