Utility/Renewable Energy Industry: Green Day 18: Electricity Market Restructuring Issues – BusinessKorea

Restructuring

The authors are analysts of NH Investment & Securities. They can be reached [email protected] [email protected], respectively. — Ed. During the Sep 2020 parliamentary inspection of government, the issue of electricity market restructuring was brought up, including a focus on the need for adjustment regarding the consolidation and abolition of KEPCOs power generation subsidiaries. Given conflicts…

Details

Administrators hand Autocare business back to Linx – Australasian Transport News

Liquidation

Date: 05.07.2021 Deed of company agreement gains creditor endorsement Simon Abela Car carrierAutocareServicesreturnsto parent company Linx Cargo Care Group, havingexitedvoluntary administration on July 1, the latter announces. It re-joins with a new operating model,leadershipteam, property footprint and structure that “places the business on sustainable footing into the future”, Linx notes in a statement. “TheVoluntary Administration…

Details

Moves by unnamed Maltese investors to acquire ownership of Sicilian football club – The Shift News

Bankruptcy

A group of anonymous Maltese investors, who last week reportedly forked out 500,000 to save the Sicilian football club Calcio Catania from bankruptcy, are currently discussing the possibility of buying into the same club despite the embattled Serie C teams reported 65 million debt. While the Calcio Catania administration has failed to disclose the identity…

Details

Unions urge HPCL liquidator to disclose valuation of oil reserves in Cachar – Business Standard

Liquidation

The employees’ unions of two defunct units of, for which bidders have been invited to conduct an e-auction, urged liquidator to disclose valuation of oil reserves in the Cachar Paper Mills land area TopicsHPCL|oil reserves|valuation The employees’ unions of two defunct units of Hindustan Paper Mills Corporation Ltd, for which bidders have been invited to…

Details

How amendments in IBC could put Family Trusts in the dock – Economic Times

Bankruptcy

The recent Supreme Court ruling, confirming the amendment to Insolvency Bankruptcy Code allowing creditors to proceed against personal guarantors of defaulting companies to recover debt has not only opened up a new dimension in the corporate insolvency resolution, but also caused a furor among the promoter families. In Lalit Kumar Jain vs Union of India,…

Details

Council goes bankrupt after finding £100,000,000 ‘black hole’ in budget – Metro.co.uk

Bankruptcy

Slough is facing a deficit of around 100million by next year (Picture: Getty Images/REX/Google Maps) After years of financial mismanagement and accounting errors, Slough Borough Council has effectively declared itself bankrupt and has begged the Government for help. Yesterday the local authority announced it had issued a section 114 notice, banning all non-urgent spending in…

Details

High Courts to refrain from interfering with Corporate Insolvency Resolution Process as IBC is self contai … – taxscan.in

Liquidation

By Mariya Paliwala – On July 3, 2021 1:50 pm The Kerala High Court ruled that the High Courts should refrain from interfering with Corporate Insolvency Resolution Process as Insolvency and Bankruptcy Code, 2016 (IBC) is self contained Code. The petitioners, M/s Orlem Pharma Pvt. Ltd. and St. Antonys Medical Distributors challenge the Corporate Insolvency…

Details