Supreme Court of India Stays Telangana High Court Judgement in an Insolvency Case of Oil Country Tubular (OCTL) – Outlook India

Liquidation

Outlook March 23, 2021 14:00 IST Supreme Court of India Stays Telangana High Court Judgement in an Insolvency Case of Oil Country Tubular (OCTL) outlookindia.com 1970-01-01T05:30:00+0530 (Eds: Disclaimer: The following press release comes to you under an arrangement with Business Wire India. PTI takes no editorial responsibility for the same.) With a total loan outstanding…

Mining Weekly New Hope faces legal claims as it swings to a loss – Creamer Media’s Mining Weekly

Liquidation

PERTH (miningweekly.com) Coal miner New Hope Corporation has vowed to defend itself against legal proceedings against two of its now defunct subsidiaries, while also announcing that it had swung to a loss during the first six months of 2021. New Hope on Tuesday told shareholders that liquidators from its former subsidiaries Northern Energy Corporation (NEC)…

Pennsylvania’s Bedivere Insurance Company to Be Liquidated – Insurance Journal

Liquidation

Article 0 Comments The Pennsylvania Commonwealth Court has approved the liquidation of Bedivere Insurance Company, formerly One Beacon Insurance Company, recognizing that the companys financial liabilities have exceeded its assets. Bedivere, a domestic stock property/casualty company based in Pennsylvania, has consented to the liquidation process, in which policyholder claims will be paid through the state…

Sale of assets as a going concern under liquidation: The new mantra to preserve value of company – The Financial Express

Liquidation

The sale of assets as a going concern under liquidation is very similar to a Resolution Plan during the insolvency and resolution process. By Nitin Jain The main objective of the Insolvency and Bankruptcy Code 2016 (IBC) is to maximize value for the creditors. Keeping in line with this objective, the regulator through an amendment…