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promoters: Promoters are clearing their dues faster under the threat of insolvency

According to government data, the threat of legal action has led many promoters to pay their dues, even before cases are admitted to the National Company Law Tribunal (NCLT). Creditors and suppliers have recovered their dues immediately after filing under the Insolvency & Bankruptcy Code (IBC). Since 2016, settlements totaling over Rs 8.2 lakh crore have been paid out, with Rs 2.9 lakh crore recovered from 720 cases.
National Company Law Tribunal Bankruptcy Code Bankruptcy Board Insolvency Promoters Promoters Clear Dues Insolvency Code

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TREVI - FINANZIARIA INDUSTRIALE S.p.A.: THE BOARD OF DIRECTORS APPROVES THE DRAFT FINANCIAL STATEMENTS AS OF 31 DECEMBER 2022. THE CONCLUSION OF THE CAPITAL INCREASE OPERATION IS ACCOMPANIED BY IMPROVEMENT IN THE RESULTS OF 2022, REFERS TO THE ORDERS PORTFOLIO, BACKLOG, REVENUES, EBITDA AND OPERATING INCOME. REDUCED OPERATING LOSS FOR THE YEAR AND A SLIGHT IMPROVEMENT OF THE NET FINANCIAL POSITION - MARCH, 29 2023

And divisible for the excess, including the share premium, through the issuance of a total maximum no. of 79,199,228 new ordinary shares, with no par value, having the same characteristics as those in... | March 30, 2023
United States Giuseppe Caselli Latin America Africa Trevi Finanziaria Anna Zanardi Trevi Group

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