Potential buyers are inquiring about purchasing the struggling crypto lender Hodlnaut and its claims against bankrupt digital-asset exchange FTX, Bloomberg News reported. “Various parties who are interested in acquiring” Singapore-based Hodlnaut’s crypto platform and FTX claims have contacted the interim judicial managers overseeing the company after it sought protection from creditors, according to an affidavit seen by Bloomberg News. The judicial managers are in the process of signing non-disclosure agreements with the potential investors, the document shows.

Shares of Vodafone Idea Ltd jumped nearly 25% on Monday after the Indian government allowed the carrier to convert the $2 billion interest on dues owed to the sovereign into equity, which could free up some cash flows in the near term, Reuters reported. India had in 2021 approved a bailout package for the debt-strapped telecom companies, allowing them to convert interest on deferred adjusted gross revenue owed to the government into equity.

The ports-to-energy conglomerate controlled by Indian billionaire Gautam Adani said its founders will prepay a $1.1 billion loan that was backed by shares of some of its companies, a move to shore up investor confidence after a rout in its stock prices over the past two weeks, the Wall Street Journal reported. The Adani Group said Monday that its so-called promoters—a term used to describe controlling shareholders—have posted amounts to pay off the loan ahead of its maturity in September 2024.

The National Company Law Tribunal, Chennai (NCLT) has approved the Resolution Plan of ASG Hospital for Vasan Health Care, the Times of India reported. This was the first case admitted in Chennai in April 2017 under the Insolvency and Bankruptcy Code. After a two year stay of the process by Madras High Court, the insolvency process was revived on October 3, 2019. The total resolution plan amount is Rs 526 crore. This includes Rs 400 crore for payment to all the stakeholders including creditors and Rs 126 crore towards working capital and capex infusion to revive the eye care hospital.

A group of overseas private creditors is ready to hold debt restructuring talks with Sri Lanka consistent with the International Monetary Fund's programme, their legal adviser said on Friday, Reuters reported. The group "stands ready to engage quickly and effectively with the Sri Lankan authorities to design and implement restructuring terms that would help Sri Lanka restore debt sustainability and allow the country to re-gain access to the international capital markets," the creditor's legal adviser said in a letter to the Washington-based lender.

Pakistan’s Prime Minister Shehbaz Sharif has invited politicians including opposition leader Imran Khan for a conference amid negotiations with the International Monetary Fund to avoid bankruptcy, Bloomberg News reported. Sharif has called an all-parties conference on February 7 amid economic and terrorism challenges, state-run Pakistan Television reports. A team from the lender is visiting Pakistan until February 9 to revive its loan program. Sharif’s ruling coalition government toppled Khan as prime minister in a confidence vote last year.

Australia outlined plans to arm its officials with more tools to police the volatile crypto sector, including additional manpower for the securities regulator in the wake of the global implosion of the FTX exchange, Bloomberg News reported. The Australian Securities & Investments Commission is expanding its digital-asset team and enforcement measures, Treasurer Jim Chalmers said in a statement Friday. The Australian Competition & Consumer Commission is boosting efforts to curb scams after a spate of demands for crypto ransoms.

The bankrupt FTX group of cryptocurrency companies extended the deadlines to bid for its Japan and Europe businesses as administrators strive to raise funds to help pay back creditors, Bloomberg News reported. The preliminary bid deadline is now March 8 and the auction date becomes April 26, according to a court filing on Wednesday. Administrators in December put several FTX units on the auction block, including LedgerX, the Japanese and Singaporean crypto exchanges, and the European digital assets and derivatives business.

The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told Reuters. The informal group of bilateral lenders is set to announce its support to the crisis-hit nation on a debt overhaul "soon", said one of the sources, who asked not to be named because the talks are private.

On the surface, calm has returned to Sri Lanka since the South Asian nation plunged into political chaos and virtual bankruptcy last summer, according to a New York Times analysis. Gone are the fuel lines that snaked for blocks; a seaside expanse that had been the site of a monthslong protest encampment was resplendent over the holidays with Christmas lights and carnival rides. But underneath, the island nation’s economy remains on a ventilator, with the government yet to secure a way out of crushing debt. Many young people are desperately trying to find a way out of the country.