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Published on Apr 10, 2021

Can pre-packaged insolvency resolution under IBC be helpful for MSMEs?

The Government of India by way of an ordinance on April 4 2021 amended the Insolvency and Bankruptcy Code 2016 (Code) and has introduced the concept of Pre-Packaged Insolvency Process (PPIP) and the mode and manner to initiate the same. At present the …

Source: Economic Times - Uncategorized
Published on Apr 10, 2021

Government sets minimum default threshold at Rs 10 lakh for MSME prepack insolvency resolution

The threshold default for initiating the pre-packaged insolvency resolution process will be set at Rs 10 lakh and above for micro, small and medium enterprises, said MS Sahoo, chairman of the Insolvency and Bankruptcy Board of India (IBBI). Further, to …

Source: The Economic Times - Neutral
Published on Apr 10, 2021

IBBI notifies prepack insolvency resolution process regulations for MSMEs

The Insolvency and Bankruptcy Board of India has notified the pre-packaged insolvency resolution process regulations for micro, small and medium enterprises (MSMEs) on Friday. The norms, effective from Friday, enable the operationalisation of the prepack …

Source: The Economic Times - Neutral
Published on Apr 9, 2021

IBBI upholds resolution professionals' independence under pre-pack schemes

The Insolvency and Bankruptcy Board of India (IBBI) has ensured independence of resolution professionals (RPs) under the pre-pack scheme for micro, small, and medium enterprises (MSMEs) notified recently. In regulations issued on the Ordinance on pre-pack …

Source: Business Standard - Neutral
Published on Apr 9, 2021

Here’s Why Evermore Global Advisors Remains Optimistic in Emergent Capital (EMGCQ)

Evermore Global Advisors, an investment management firm, published its “Evermore Global Value Fund” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 13.85% was recorded by the Institutional Class shares of the …

Source: Insider Monkey - Neutral
Published on Apr 8, 2021

NCLAT orders stay on CoC formation in proceedings against subsidiary: Oyo

Hospitality firm OYO on Thursday said the National Company Law Appellate Tribunal (NCLAT) has ordered a stay on the formation of committee of creditors in proceedings under the Insolvency and Bankruptcy Code against its subsidiary OYO Hotels and Homes Pvt …

Source: Business Standard - Neutral
Published on Apr 8, 2021

Maharashtra lockdown: Fear of IBC resolution process slowing, say experts

With Maharashtra in partial lockdown this month to curb Covid-19 infections, some high-stake bankruptcy cases in Mumbai could be affected by virtual hearings, experts said. The disposal rate in virtual trials is quite low and could add to the pendency of …

Source: Economic Times - Uncategorized
Published on Apr 7, 2021

RBI to set up task force to review working of asset reconstruction companies

India’s central bank on Wednesday announced setting up of a task force to review the regulatory framework governing asset reconstruction companies (ARCs). Governor Shaktikanta Das said that the committee would make recommendations on the policy environment …

Source: The Economic Times - Neutral
Published on Apr 7, 2021

Oyo squashes rumours of bankruptcy following an NCLT order

SoftBank-backed Oyo Hotels & Homes scotched speculation on social media platforms over bankruptcy proceedings, which had been sparked by a National Company Law Tribunal (NCLT) order over a claim of Rs 16 lakh in dues by a hotel owner. "There is a …

Source: Economic Times - Uncategorized
Published on Apr 7, 2021

Easing the pain

The central government has passed an ordinance to amend the Insolvency and Bankruptcy Code (IBC). In line with recommendations of the sub-committee of the Insolvency Law Committee (ILC), it provides for a pre-pack resolution scheme for micro, small and …

Source: The Indian Express - Neutral
Published on Apr 7, 2021

Arena Events wins tender to acquire Aztec Shaffer for $25.6m

StockMarketWire.com - Event solutions provider Arena Events said it had won a tender for the operating business and assets of Aztec Shaffer for $25.6 million. The bid was submitted on 2 April 2021 in accordance with an auction process pursuant to Section …

Source: Stock Market Wire - Neutral
Published on Apr 7, 2021

Government doesn’t expect rush of MSME insolvency cases after 'fast track window' ordinance

The government does not expect a rush of insolvency cases from micro, small and medium enterprises (MSMEs) after it promulgated an ordinance to open a special fast track window for them. The ministry of corporate affairs — which will set the floor for …

Source: Economic Times - Uncategorized
Published on Apr 7, 2021

Fresh corporate insolvency cases fell by 83 percent during October-December in FY21

The number of corporate insolvency cases admitted by tribunals dropped by a sharp 83% annually in the October-December quarter, data from the Insolvency and Bankruptcy Board of India (IBBI) showed. Fresh insolvency cases for the third quarter of FY21 stood …

Source: Economic Times - Uncategorized
Published on Apr 7, 2021

Govt doesn’t see rush of MSME insolvency cases

The new insolvency law comes with stiff penalties in case of violations and frauds, including a possible jail term. (Representative image)NEW DELHI: The government does not expect a rush of insolvency cases from micro, small and medium enterprises (MSMEs) …

Source: Times of India - Uncategorized
Published on Apr 7, 2021

IBC amendment seeks to provide prepack resolutions for MSMEs

NEW DELHI: The government has amended the Insolvency & Bankruptcy Code to provide for prepackaged resolution framework for micro, small and medium enterprises (MSMEs) through promulgation of an ordinance. The alternative insolvency resolution framework …

Source: Economic Times - Uncategorized
Published on Apr 7, 2021

Judge puts three dozen lawsuits against Buffalo parishes on hold amid bankruptcy

CNA Staff, Apr 6, 2021 / 03:02 pm MT (CNA).- A federal bankruptcy judge last week put 36 lawsuits against Buffalo Catholic parishes and schools on hold until this fall, stating that the lawsuits’ advancement would interfere with the Buffalo diocese’s …

Source: Catholic News Agency - Right-wing
Published on Apr 6, 2021

Govt amends insolvency law; introduces pre-packaged resolution process for MSMEs

The government has amended the insolvency law to provide for a pre-packaged resolution process for micro, small and medium enterprises. An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification. …

Source: The Hindu - Left-wing
Published on Apr 6, 2021

Texas Defends NRA’s Right to Reorganize and Relocate

Attorney General Ken Paxton filed a brief in the United States Bankruptcy Court for the Northern District of Texas in support of the National Rifle Association (NRA) reorganizing in Texas. New York is currently seeking to dissolve the NRA and confiscate …

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Published on Apr 6, 2021

Slot allotment issue expected to be resolved soon: Jet Airways' stakeholders tell NCLT

In the ongoing resolution case, the civil aviation ministry, regulator DGCA and winning bidder Jalan-Kalrock consortium on Monday informed the NCLT that the issue of allotment of slots to the airline is expected to be resolved soon. The matter will be …

Source: Economic Times - Uncategorized

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Published on April 5, 2021 - 19:41 GMT

March 2021 Bankruptcy Filings Spike to Highest Level in 12 Months

NEW YORK, April 05, 2021 (GLOBE NEWSWIRE) -- Epiq, a global technology-enabled services leader to the legal services industry and corporations, released its March 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. …

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Published on April 1, 2021 - 19:53 GMT

Acclaimed Bankruptcy Attorney, Charles Daff, Examines Lower Bankruptcy Rates Despite the Pandemic

LOS ANGELES, CA, UNITED STATES, April 1, 2021 /⁨EINPresswire.com⁩/ -- The pandemic had the kind of consequences that economists dread. The initial decline in economic output was greater than that of the Great Depression. Job losses that surpassed …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...

Published on April 2, 2021 - 05:00 GMT

Insolvency Prospects Among Small-and-Medium-Sized Enterprises in Advanced Economies : Assessment and Policy Options

Author/Editor: Federico J Diez ; Romain A Duval ; Jiayue Fan ; José Garrido ; Sebnem Kalemli-Ozcan ; Chiara Maggi ; Maria Soledad Martinez Peria ; Nicola Pierri Publication Date: April 2, 2021 Electronic Access: Free Download. Use the free Adobe …

Distribution channels: Banking, Finance & Investment Industry
Published on March 26, 2021 - 14:34 GMT

All About Bankruptcy

It is important that you think carefully about the long term effects of a bankruptcy and also the timing of filing for bankruptcy. This article from the National Consumer Law Center will help you think through these issues. Federal law provides the right …

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Published on March 29, 2021 - 10:15 GMT

Duke Realty Closes Refinancing of Revolving Credit Facility with Sustainability-Linked Pricing Incentive

INDIANAPOLIS, March 29, 2021 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE: DRE, or the “Company”), the largest domestic-only logistics REIT, announced today that its operating partnership, Duke Realty Limited Partnership, amended and restated its $1.2 …

Distribution channels: Banking, Finance & Investment Industry, Real Estate & Property Management ...
Published on March 24, 2021 - 19:02 GMT

The Scandalous History of Mining in the Tucson Mountains

The mines were largely unproductive but kidnapping, embezzlement, and bankruptcies made headlines. TUCSON, AZ, UNITED STATES, March 24, 2021 /⁨EINPresswire.com⁩/ -- The Tucson Mountains were once extensively prospected for copper, silver, and gold …

Distribution channels: Banking, Finance & Investment Industry, Culture, Society & Lifestyle ...
Published on April 9, 2021 - 20:19 GMT

Nasdaq Shuts Boardroom Doors on the Disabled

Disabled Investment Manager Protests Nasdaq's Failure on Board Diversity SAN DIEGO, CALIFORNIA, UNITED STATES, April 9, 2021 /⁨EINPresswire.com⁩/ -- Dynamique Capital Advisors’ investment manager, Luka Erceg, sent a letter today to Acting …

Distribution channels: Banking, Finance & Investment Industry, Companies ...
Published on April 9, 2021 - 23:08 GMT

Governor Carney Announces Judicial Nominations

Vice Chancellor Kathaleen McCormick nominated as first woman to serve as Chancellor WILMINGTON, Del. – Governor John Carney on Friday announced a series of judicial nominations, which will be sent to the Delaware Senate for consideration: Vice Chancellor …

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Published on April 10, 2021 - 22:00 GMT

ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Encourages Velodyne Lidar, Inc. Investors to Secure Counsel Before Important May ...

NEW YORK, April 10, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) between July 2, 2020 and March 17, 2021, inclusive (the “Class Period”), …

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Published on April 10, 2021 - 21:45 GMT

ROSEN, NATIONAL TRIAL LAWYERS, Encourages BELLUS Health Inc. Investors with Losses to Secure Counsel Before Important ...

WHY: NEW YORK, April 10, 2021 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of BELLUS Health Inc. (NASDAQ: BLU) between September 5, 2019 and July 5, 2020, inclusive (the “Class Period”), of the …

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Published on April 10, 2021 - 21:00 GMT

ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Encourages Aquestive Therapeutics, Inc. Investors to Secure Counsel Before ...

NEW YORK, April 10, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Aquestive Therapeutics, Inc. (NASDAQ: AQST) between December 2, 2019 and September 25, 2020, inclusive (the “Class …

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Published on April 10, 2021 - 20:45 GMT

ROSEN, NATIONAL TRIAL COUNSEL, Encourages Lordstown Motors Corp. f/k/a DiamondPeak Holdings Corp. Investors with Losses ...

NEW YORK, April 10, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds: (i) purchasers of the securities of Lordstown Motors Corp. f/k/a DiamondPeak Holdings Corp. (NASDAQ: RIDE, DPHC) between August 3, 2020 …

Distribution channels: Consumer Goods, Law ...
Published on April 10, 2021 - 20:00 GMT

ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Encourages Renewable Energy Group, Inc. Investors to Secure Counsel Before ...

WHY: NEW YORK, April 10, 2021 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Renewable Energy Group, Inc. (NASDAQ: REGI) between May 3, 2018 and February 25, 2021, inclusive (the “Class Period …

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Published on April 10, 2021 - 19:00 GMT

ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Encourages Athenex, Inc. Investors to Secure Counsel Before Important May 3 ...

NEW YORK, April 10, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Athenex, Inc. (NASDAQ: ATNX) between August 7, 2019 and February 26, 2021, inclusive (the “Class Period”), of the …

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Published on April 10, 2021 - 18:28 GMT

MPLN INVESTOR REMINDER: Kessler Topaz Meltzer & Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit ...

RADNOR, Pa., April 10, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP announces deadline in securities fraud class action lawsuit filed in the United States District Court for the Southern District of New York against …

Distribution channels: Consumer Goods, Law ...
Published on April 10, 2021 - 18:00 GMT

ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Encourages Ontrak, Inc. Investors to Secure Counsel Before Important May 3 ...

NEW YORK, April 10, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Ontrak, Inc. (NASDAQ: OTRK) between November 5, 2020 and February 26, 2021, inclusive (the “Class Period”), of the …

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Published on April 10, 2021 - 17:00 GMT

ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Encourages Leidos Holdings, Inc. Investors to Secure Counsel Before Important May ...

NEW YORK, April 10, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Leidos Holdings, Inc. (NYSE: LDOS) between May 4, 2020 and February 23, 2021, inclusive (the “Class Period”), of …

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Published on April 10, 2021 - 16:45 GMT

ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages AgEagle Aerial Systems, Inc. Investors with Losses to Secure Counsel ...

NEW YORK, April 10, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of AgEagle Aerial Systems, Inc. (NYSE: UAVS) between September 3, 2019 and February 18, 2021, inclusive (the “Class …

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Published on April 10, 2021 - 16:00 GMT

ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Encourages Range Resources Corporation Investors to Secure Counsel Before ...

NEW YORK, April 10, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Range Resources Corporation (NYSE: RRC) between April 29, 2016 and February 10, 2021, inclusive (the “Class Period …

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Published on April 10, 2021 - 15:27 GMT

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts EHang Holdings Limited (EH) Investors to April 19th Deadline in ...

SAN FRANCISCO, April 10, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges EHang Holdings Limited (NASDAQ: EH) investors with significant losses to submit their losses now. A securities fraud class action has been filed and certain investors may have valuable …

Distribution channels: Consumer Goods, Law ...
Published on April 10, 2021 - 15:00 GMT

ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline –...

NEW YORK, April 10, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Plug Power Inc. (NASDAQ: PLUG) between November 9, 2020 and March 1, 2021, inclusive (the “Class Period”), of the …

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Published on April 10, 2021 - 14:00 GMT

ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Encourages XL Fleet Corp. Investors to Secure Counsel Before Important Deadline ...

NEW YORK, April 10, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of XL Fleet Corp. (NYSE: XL) between October 2, 2020 and March 2, 2021, inclusive (the “Class Period”), of the …

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Published on April 10, 2021 - 13:09 GMT

Deadline Approaching: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action ...

RADNOR, Pa., April 10, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against …

Distribution channels: Consumer Goods, Law ...
Published on April 9, 2021 - 20:24 GMT

ACLJ Joins 19 U.S. Senators and 55 U.S. Representatives in Stand Against Unconstitutional Ban on States Lowering Taxes

WASHINGTON, DC, USA, April 9, 2021 /⁨EINPresswire.com⁩/ -- The American Center for Law and Justice (ACLJ) has partnered with 19 U.S. Senators and 55 Members of the U.S. House of Representatives to stand against the blatantly unconstitutional ban on …

Distribution channels: Law, Politics ...
Published on April 9, 2021 - 20:19 GMT

Nasdaq Shuts Boardroom Doors on the Disabled

Disabled Investment Manager Protests Nasdaq's Failure on Board Diversity SAN DIEGO, CALIFORNIA, UNITED STATES, April 9, 2021 /⁨EINPresswire.com⁩/ -- Dynamique Capital Advisors’ investment manager, Luka Erceg, sent a letter today to Acting …

Distribution channels: Banking, Finance & Investment Industry, Companies ...
Published on April 9, 2021 - 20:09 GMT

Murray Files Suit Against Hall-Long and Delaware General Assembly Leadership to Get Them Back to Work

General Assembly In Direct Violation of U.S. and Delaware Constitutions GEORGETOWN, DE, UNITED STATES, April 9, 2021 /⁨EINPresswire.com⁩/ -- Today, Julianne Murray filed a lawsuit with the U.S. District Court for the District of Delaware against …

Distribution channels: Law, Politics ...
Published on April 9, 2021 - 18:55 GMT

Brotschol Opposes Packing Supreme Court

Youngest Congressional Candidate Calls Out Oldest President LAKE HIAWATHA, NEW JERSEY, UNITED STATES, April 9, 2021 /⁨EINPresswire.com⁩/ -- Today Hillery Brotschol, Republican Congressional for New Jersey’s 11th District, issued a statement on …

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Published on April 10, 2021 - 03:02 GMT

SHAREHOLDER ALERT: CLAIMSFILER REMINDS EBIX, EH, FUBO, MPLN INVESTORS of Lead Plaintiff Deadline in Class Action ...

NEW ORLEANS, April 09, 2021 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits: EHang Holdings Limited (EH) Class Period: 12/12/2019 - 2…

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