IMF : Economic restructuring ‘ desirable ‘ – China Daily

Alfred Schipke, IMF’s senior resident representative in China China’s efforts to rebalance its economic structure are desirable and will benefit the regional economy in the long run, representatives of the International Monetary Fund said on Friday. “China’s transition from manufacturing and investment to services and consumption, though it may point to a slower pace of…

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Insolvency Code to fast-track 75000 cases pending before debt tribunals – Hindu Business Line

3.5-lakh crore of debt stuck New Delhi, May 6:   With the Insolvency and Bankruptcy Code inching towards reality, early redress of almost 75,000 cases involving debt of an estimated 3.5-lakh crore is what the government and stakeholders expect. While the Debt Recovery Tribunals (DRT) will resolve individual bankruptcy cases, the National Company Law Tribunal will…

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There’s ANOTHER inquiry into the collapse of BHS – and this one could actually hurt Sir Philip Green – Business Insider

Business Secretary Sajid Javid has asked the Insolvency Service to fast-track an investigation into BHS, which collapsed into administration last week putting 11,000 jobs at risk. In a letter to Sarah Albon, Inspector General and Chief Executive of the Insolvency Service, Javid asks that an investigation begin without delay, rather than waiting for the administrators…

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