Page 8 - Debt Restructuring News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A new book retraces the 15 years of grueling litigation that followed but doesn’t emphasize the contractual changes it provoked.

The National Company Law Appellate Tribunal (NCLAT) has dismissed all three applications by SBI against the liquidation value of IL&FS Tamil Nadu Power Company Ltd (ITPCL) provided by the debt-ridden firm's lead banker PNB. The tribunal found no error in fixing the liquidation value as of 30.09.2018, as per the RBI circular. Over 90% of lenders by value and 75% by numbers have already approved the ITPCL restructuring plan.

Country Garden has told some of its offshore creditors it plans to present a debt restructuring proposal in the second half of this year, two sources said, as the embattled developer scrambles to stave off a liquidation petition. China's biggest private developer defaulted on its $11 billion worth of offshore bonds late last year and is facing a liquidation petition in Hong Kong for non-payment of a $205 million loan. China Evergrande Group was ordered to be liquidated in late January by a Hong Kong court after it failed to offer a concrete restructuring plan to creditors more than two ...

The debt restructuring expert will delve into how the country’s financial issues parallel Puerto Rico’s. #NewsismyBusiness

A new book retraces the 15 years of grueling litigation that followed but doesn’t emphasize the contractual changes it provoked.