Addressing a public meeting in the Bacha Khan Chowk, leaders of the Pakistan Democratic Movement (PDM), which consists of an 11-party alliance, said that the misguided policies of the government led by Imran Khan had brought the country to the brink of economic disaster. Dawn quoted PDM as saying that …
Read More »The eyes of Interglobe Enterprises, owned by Rahul Bhatia, failed at Virgin Australia
[ad_1] InterGlobe Enterprises, co-owner of India’s largest airline, IndiGo, has shown interest in Virgin Australia. The sources said that IndiGo is not involved in the deal and that an InterGlobe team is overseeing the entire bidding process. The Rahul Bhatia-owned company has appointed an Autralian consultant for the process. “The …
Read More »J. Crew files for bankruptcy when preppy retailer succumbs to COVID-19
[ad_1] (Reuters) – J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick and mortar retailers pushed to the brink by widespread store closings in response to the COVID-19 pandemic. The New York-based chain, known …
Read More »Government of India announces key amendments to the Bankruptcy and Insolvency Code, 2016
[ad_1] (yes). Suspension / termination of concessions, licenses, etc.: The Amendments Act has introduced an amendment under Section 14 of the IBC to stipulate that concessions, licenses, permits, authorizations and other similar rights / grants, which have been granted by any governmental / statutory authority, may not be suspended / …
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