Adani Power Gets Creditor Nod For Acquiring Insolvent Lanco Amarkantak – NDTV Profit

Adani Power Ltd. has received approval for its resolution plan to acquire insolvent Lanco Amarkantak Power Ltd. The committee of creditors of Lanco Amarkantak, which is undergoing a corporate insolvency resolution process, has approved the resolution plan, an exchange filing said on Tuesday. On March 4, the Adani Group company received a letter of intent…

Puerto Rico's power company holds a massive debt. A key hearing to restructure it has started – ABC News

SAN JUAN, Puerto Rico — A key hearing over the future of Puerto Ricos crumbling power company and its staggering $9 billion debt began Monday in federal court following years of acrimonious talks between the U.S. territory’s government and creditors seeking to recover their investments. The hearing, which is expected to last up to two…

Unlocking investment opportunities: Leveraging IBC to enhance India's global appeal – The Economic Times

The Insolvency and Bankruptcy Code (IBC) has emerged as a pivotal tool in India’s quest to bolster its attractiveness to global investors. By streamlining the process of resolving insolvency cases, the IBC not only facilitates the efficient allocation of capital but also instils confidence in investors regarding the robustness of India’s legal and regulatory framework.The…