Jyoti Structures, Alok Industries next for insolvency; Essar, Bhushan Steel and Electrosteel to be discussed today – Moneycontrol.com

Beena Parmar Moneycontrol News As part of the major push towards resolution of large bad loans this month, bankers will be meeting Thursday to discuss three big steel accounts  Essar Steel, Bhushan Steel and Electrosteel Steels  as part of the joint lenders’ forum (JLF) to discuss the plan ahead. Banks have outstanding loans worth Rs…

IBBI notifies fast track Insolvency Resolution Process for Corporate Persons Regulations – Catch News

The Insolvency and Bankruptcy Board of India (IBBI) on Friday notified the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017. The board announced the regulations in exercise of its powers conferred by sections 58, 196 and 208 read with section 240 of the Insolvency and Bankruptcy Code,…

Network Ten heads into voluntary administration | Bunbury Mail – Bunbury Mail

Channel Ten has been forced to go into voluntary administration after its billionaire shareholders told it on the weekend they would no longer guarantee a key loan. The TV broadcaster has appointed KordaMentha as voluntary administrators of the company and its subsidiaries, it announced in a statement to the ASX on Wednesday morning. Network Ten is looking at refinancing options.…

Roadhouse network goes into voluntary administration – The West Australian

Outback Travel Centres has gone into voluntary administration. Picture: Alicia PereraPicture: Pilbara News North West roadhouse operator Outback Travel Centres has gone into voluntary administration this week after a steep drop in revenue combined with rental agreements still set at mining boom levels took its toll. In a statement issued this week, the management team…