Bankruptcy and Restructuring Attorney Christopher Andrew Jarvinen Joins Richards Kibbe & Orbe LLP – Business Wire (press release)

NEW YORK–(BUSINESS WIRE)–Richards Kibbe & Orbe LLP announced today that Christopher Andrew Jarvinen, an accomplished bankruptcy attorney possessing nearly two decades of experience handling complex business and litigation issues arising in the context of corporate restructurings, has joined the firm as a partner in its New York office. Over the course of his career, Christopher…

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Electrosteel Resolution Professional Penalised For Neglecting Claims – BloombergQuint

The Insolvency and Bankruptcy Board of India has penalised the interim resolution professional of Electrosteel Steels Ltd., Dhaivat Anjaria, for neglecting the claims of an operational creditor of the company. IBBI has directed Anjaria to deposit one tenth of his total fee as resolution professional in the corporate insolvency resolution process of Electrosteel Steels within…

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BRIEF-India’s Alok Industries Says Application Filed With NCLT For Liquidation of Co – Reuters

April 16 (Reuters) – Alok Industries Ltd: * SAYS APPLICATION HAS BEEN PREFERRED BY RESOLUTION PROFESSIONAL FOR LIQUIDATION OF COMPANY * ALOK INDUSTRIES SAYS APPLICATION FILED WITH NATIONAL COMPANY LAW TRIBUNAL AT AHMEDABAD ON APRIL 16 Source text for Eikon: bit.ly/2H4u1NG Further company coverage: (Mumbai newsroom) Read the full article at: https://www.reuters.com/article/brief-indias-alok-industries-says-applic/brief-indias-alok-industries-says-application-filed-with-nclt-for-liquidation-of-co-idUSL3N1RT4WU

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Myer calls in big gun Mark Korda to soften up landlords – Brisbane Times

Besieged department store Myer has brought in high-profile restructuring and insolvency administrator Mark Korda to help it try to squeeze out from under suffocating leases. It is understood Mr Korda, a partner at KordaMentha who has worked on collapses spanning from Ansett to last year’s Network Ten administration, was brought in about three weeks ago to…

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SB360 Capital Partners Unveil New Liquidation And Asset Realization Platform – PR Newswire (press release)

In addition to liquidation and asset realization services, SB360 provides financing solutions for mid-market companies, and advisory services for retail and wholesale businesses and lenders. Other business units of SB360 focus on real estate advisory and commercial real estate investments, as well as operating SBC Logistics’ Asset Recovery Center in Columbus, Ohio. SB360 operates from…

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BRIEF-India’s Alok Industries Says Application Filed With NCLT For Liquidation of Co – Reuters UK

April 16 (Reuters) – Alok Industries Ltd: * SAYS APPLICATION HAS BEEN PREFERRED BY RESOLUTION PROFESSIONAL FOR LIQUIDATION OF COMPANY * ALOK INDUSTRIES SAYS APPLICATION FILED WITH NATIONAL COMPANY LAW TRIBUNAL AT AHMEDABAD ON APRIL 16 Source text for Eikon: bit.ly/2H4u1NG Further company coverage: (Mumbai newsroom) Read the full article at: https://uk.reuters.com/article/brief-indias-alok-industries-says-applic/brief-indias-alok-industries-says-application-filed-with-nclt-for-liquidation-of-co-idUKL3N1RT4WU

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German Finance Minister: Greek Debt Relief Must be Tied to Growth Plan – Greek Reporter

German Finance Minister Olaf Scholz Any debt-relief measures for Greece will be discussed only after Athens presents a credible program that focuses on growth, German Finance Minister Olaf Scholz has said. The German finance minister, interviewed in Sundays Frankfurter Allgemeine Zeitung, said Berlins position and the position of his predecessor, Wolfgang Schaeuble was that any Greek…

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A Year Later, the Insolvency and Bankruptcy Code is Still Work-in-Progress – The Wire

New Delhi: The Insolvency and Bankruptcy Code (IBC) introduced by the Narendra Modi government in December 2016 to fix the banking sectors bad loans problem has over the last 16 months been a mixed bag, with borrowers and disgruntled bidders increasingly exploiting vagueness in some key provisions of the code to stall bankruptcy proceedings. The…

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Bertucci’s Files for Chapter 11 Restructuring for Future Growth – PR Newswire (press release)

The transaction is intended to maximize value for all stakeholders through a fair, open Bankruptcy Court-approved sale process in which Bertucci’s will consider all bids for a sale or restructuring of the company. As part of the bankruptcy filing, Bertucci’s has sought Bankruptcy Court approval for the consensual use of cash collateral and $4 million…

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