Irrelevance of Liquidation Value in Insolvency & Bankruptcy Code – Economic Times (blog)

By M R Umarji The Insolvency and Bankruptcy Board of India (IBBI) has framed regulations for insolvency resolution process which provide that liquidation value means estimated realisable value of the assets of the corporate debtor is used for computation of liquidation value. The regulations further provide that the information memorandum prepared by the Resolution Professional…

Italian hatmaker to the stars Borsalino declared bankrupt – The Local Italy

A hat in a “Borsalino” flag-ship store in Florence. Photo: Vincenzo Pinto/AFP Famed Italian hatmaker Borsalino, the company behind Humphrey Bogart’s fedora in “Casablanca” and Harrison Ford’s lucky headgear in the “Indiana Jones” movies, was declared bankrupt on Monday, a trade union said. A court in Alessandria in northern Italy threw out a rescue…

NCLT to hear insolvency petitions against RCom on Jan 5 – Hindu Business Line

Chennai, Dec 19:   The National Company Law Tribunal will hear China Development Bank and Ericsson’s insolvency petitions against Reliance Communications on January 5. Earlier last month, China Development Bank had filed an insolvency case against the telecom company. CDB, a lender to RCom, has filed the suit with the National Company Law Tribunal (NCLT) in…

Borsalino, whose hats were worn by Michael Jackson, declared bankrupt – The Straits Times

MILAN (AFP) – Famed Italian hatmaker Borsalino, the company behind Humphrey Bogart’s fedora in Casablanca and Harrison Ford’s lucky headgear in the Indiana Jones movies, was declared bankrupt on Monday, a trade union said. A court in Alessandria in northern Italy threw out a rescue plan for the legendary company and put it into administration,…