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Business News: Srei Administrator to seek lenders' nod to control cash flows of two bankrupt companies

Srei Administrator to seek lenders' nod to control cash flows of two bankrupt companies : Rashtra News The administrator of Srei Infrastructure Finance and Srei Equipment Finance, Rajneesh Sharma, will seek a mandate from lenders to control the cash flows of the subsidiaries of the two bankrupt companies and appoint EY as its financial advisor, ....

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Large stressed companies fetch higher recovery rate through IBC

Creditors recovered 32.9% of their admitted claims from 138 large stressed firms until December 2023 since the IBC came into being in late 2016, as per the Insolvency and Bankruptcy Board of India data. However, the recovery from all the 891 bankrupt companies that saw resolution until December 2023 stood at 31.9%, indicating that lenders to smaller firms had to take larger haircuts. ....

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European Midday Briefing: Some Market Calm -2-

European Midday Briefing: Some Market Calm -2-
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

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CBIC lets field officers recover lower dues from bankrupt cos

Tax officers have to inform the taxpayer of such a reduction in the tax payable and proceed with the recovery. ....

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The top 10 bankruptcy stories of 2021

Bankruptcies driven by mass litigation defined 2021 as corporate defaults hit their lowest level in decades ....

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