34 there is any chance of a resolution. 3a years after the hillsborough disaster police forces across england and wales apologise formally for how the families of the victims were treated. the imf forecasts the uk will perform worse than any other major economy next year. the search continues for a woman who went missing during a dog walk in lancashire last friday. had phone was found still connected to a work call. and later we will have sportsday. good evening and welcome to the bbc news at six. prepare for significant disruption that s the warning from downing street with around half a million workers expected to walk out tomorrow in the biggest day of industrial action since 2011. teachers, university staff, train drivers, bus drivers and civil servants are among those who will go on strike. the strikes will affect more than 20,000 schools which have been urged to remain open. head teachers say they are struggling to plan because they are struggling to plan because th
The tribunal, while setting aside the objection petition, observed that the successful bidder had offered a better plan as compared to the objector and more importantly, the committee of creditors, after keeping in mind all the factors such as feasibility and viability of the plan, has unanimously approved the plan. A total of 7,058 companies across sectors were brought into administration from the inception of the Insolvency and Bankruptcy Code in 2016 until September-end 2023, according to the latest data from the Insolvency and Bankruptcy Board of India.
Jindal Power wanted to be considered as an applicant for the acquisition of insolvent Tuticorin Coal Terminal Pvt Ltd. The NCLT had allowed Jindal Power to participate in resolution process only if its name appeared in final list of Prospective Resolution Applicants (PRA) prepared by the Committee of Creditors (CoC).
Recently, the Supreme Court (on December 06) observed that the properties of a defaulting borrower sold in an auction sale could not be treated as liquidation assets if the sale was concluded before.
In an interesting development, the debt resolution process in banks is further strengthened with the latest apex court verdict. The honorable Supreme Court upheld the constitutionality of the Insolvency and Bankruptcy Code (IBC) 2016 which.