| | | | Dear
We have introduced a weekly newsletter that will cover Insolvency news in the country. Since this will be a forever evolving newsletter your feedback is important to us. You may reply on this thread with your inputs. Here is this week's Top Insolvency News! Jet Airways Insolvency Proceeding
Shares of Jet Airways continued gaining streak for the third straight session on Monday, rallying over 10 percent in early deals on the Bombay Stock Exchange, after the NCLT admitted the cash-strapped airline for insolvency proceedings.
Jet Airways share, which hit a fresh 52-week low of Rs 27 in trade on Thursday, has rallied over 140 percent in the last three trading sessions amid heavy volume due to speculative trade.
Extending its previous session rally, the share price of Jet Airways gained as much as 10.42 percent to hit an intra-day high of Rs 80 against the previous close of Rs 72.45 on the BSE. Paring some of the early gains, the stock was currently trading at Rs 73.90 apiece, up 2 percent. Continue reading Jaypee Infratech row: Homebuyers seek government's intervention In a letter addressed to PM Modi and FM Nirmala Sitharaman, homebuyers have appealed to the government to direct IDBI Bank and NBCC to resolve their differences on the resolution plan.
In a separate petition to the housing and urban affairs minister Hardeep Puri, the homebuyers urged him to ensure that IDBI is directed to vote in favor of the NBCC resolution plan in the interest of achieving a resolution for JIL. continue reading ICICI Bank moves NCLAT to seek an early hearing on JAL insolvency plea Private sector lender ICICI Bank Monday approached the National Company Law Appellate Tribunal (NCLAT), seeking a direction to NCLT Allahabad to hear urgently its insolvency petition against Jaiprakash Associates Ltd (JAL) and pass the order without any further delay.
The bank alleged that Jaypee group's flagship firm is delaying admission of the insolvency plea by approaching several judicial forums continue reading Introduction of Mr. Nitin Jain as a new partner of AAA Insolvency Professionals LLP
 PGDBA (NMIMS), MBA (USA)
Designated Partner – New Delhi
Insolvency Professional
Regn. No. IBBI/IPA-001/IP/P-01562/2019 -2020/12462
Total number of years of experience: 21 Years
Started his career at ANZ Grindlays Bank, Mumbai in 1997 and then joined Standard Chartered Bank in the corporate banking division.
Post that, worked in ICRA Limited and Bank of America in the equity and credit risk functions. He was also part of the founding team of an investment banking firm with a focus on M&A and Equity and Structured Debt Fund Raising. The firm successfully completed deal closures of over $600 mn.
Strong experience in credit risk management at Banks, mergers & acquisitions, fundraising, and managing the entire investment banking/ resolution process cycle. Continue reading Appointment of CA Parveen Bansal as RP of Lanco Thermal Power Ltd.
AAA Insolvency Professionals LLP (AAAIP) is pleased to announce that the appointment of CA Parveen Bansal as the resolution professional of Lanco Thermal Power Limited, has been approved by the Committee of Creditors through e-voting concluded on 13-06-2019. Committee of Creditors comprises of 20 banks and financial institutions having clams of more than Rs. 24,000 crores. Apart from the direct investment in a 10MW hydro plant located in Himachal Pradesh, Lanco Thermal have made investments in six power plants through its subsidiaries and associated companies.
CA Parveen Bansal is a designated partner of AAA Insolvency Professionals LLP ("AAAIP"). AAAIP has evolved to become the largest Insolvency Professional Entity (IPE) of India having reputed partners spread across the country. Continue reading If you like our Weekly Newsletter, please do forward it to your friend'sand colleagues.
Thanks & Regards
AAA Insolvency Professionals LLP
(India's Largest Insolvency Professionals Entity)
| | | | | | | |
No comments:
Post a Comment