Page 52 - Bankruptcy Code News Today

The Bankruptcy Code invalidates "ipso facto" clauses in executory contracts or unexpired leases that purport to modify or terminate the contract or lease (or the debtor's rights or...

Lanco Amarkantak Power is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. It is engaged in the business of thermal power generation in India.

Adani Power proposes to acquire 100 percent share capital and control of insolvent Lanco Amarkantak Power, a thermal power generator

Bombay High Court: It is not an isolated incident, said a division bench of Justices Gautam Patel and Kamal Khata on Thursday. The bench said it sees again and again, a development real estate company under the Corporate Insolvency Resolution Process (CIRP).

The Competition Commission of India (CCI) has given its green light to Adani Power for the acquisition of Lanco Amarkantak Power.

DHFL had availed various term loan facilities of more than Rs 4,000 crore and working capital facilities of Rs 450 crores. Wadhawan had provided unconditional and irrevocable guarantees toward the credit facilities granted by the public sector lender to DHFL.

Adani Power proposes to acquire 100% share capital and control of Lanco Amarkantak Power, pursuant to the corporate insolvency resolution process (CIRP) initiated under the Insolvency and Bankruptcy Code, 2016 (IBC), according to a release.

According to the statement, the acquirers plan to subscribe for class B compulsorily convertible preference shares.

On March 11, 2024, Judge Haywood S. Gilliam, Jr. of the United States District Court for the Northern District of California granted in part and denied in part a motion to dismiss a...

The Corporate Insolvency Resolution Process (“CIRP”) of a real estate company is fairly divergent from other sectors. The stressed real estate company may have multiple projects that may be at...