New Year brings hope to companies facing insolvency proceedings – Dalal Street Investment Journal

With the government taking a considerate stance while amending the IBC law, there seems to be enough leeway for prudent promoters to be able to bid for their company’s assets. The amends allow a defaulter or existing promoter to become eligible for the resolution plan by making their bad loans operational.  The Insolvency and…

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Best Corporate Restructuring: Paving the way for Geely’s entry into Proton – The Edge Markets MY

CONVINCING a foreign investor to take up a strategic stake in Proton Holdings Bhd was a major challenge in itself. It also would not have been possible without a major restructuring that satisfied the interests of all major stakeholders. Thus, taking into account the political nature of the transaction, the restructuring of Proton that paved…

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Deals Buzz: SBI to start insolvency proceedings against 12 defaulters from today – Livemint

State Bank of India is set to initiate insolvency proceedings Videocon Industries. Photo: Pradeep Gaur/Mint Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. ITC, JK Paper among potential suitors for Sirpur Paper Mills Telangana-based Sirpur Paper Mills Ltd, which is in the middle of insolvency proceedings…

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