Katie Price wants to “relaunch her career” by going to prison. The 45-year-old former glamour model – who was once worth an estimated 45 million – was declared bankrupt in 2019 and her mother Amy has reportedly wanted her to “eat humble pie” amid her multiple court appearances, but the Page 3 legend is said…
Domestic Debt Restructuring (DDR) is necessary and viable. The term debt restructuring includes three possibilities extension of maturities (re-profiling), coupon resets or reduction of the principal. There is no fourth option. Principal haircuts are generally avoided, and they are not necessary. Re-profiling and coupon resets are sufficient to achieve policy goals. Why restructure domestic debt?…
The Adjudicating Authority, Mumbai Bench, Court III, admitted an application No. 4065/MB/2018, filed under Section 7 of the Code against the Corporate Debtor on 25.04.2019. The Interim Resolution Professional caused a public announcement calling claims from the creditors. He received the claims, verified the same and constituted the Committee of Creditors. Religare Finvest had 69.02%…