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A two-member bench of the appellate tribunal said the NCLT should have taken into consideration the directions issued by the Supreme Court in the Mansi Brar Fernandes case, where it was held that real-estate insolvency should be project-specific, the Economic Times of India reported. Moreover, the NCLAT also noticed an intervention application filed by different sets of homebuyers of other projects of Mahagun, where they prayed to set aside the NCLT order directing insolvency against the realty firm.
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The pioneer streaming platform Idagio has applied to Berlin’s Charlottenburg Court to approve its self-administered insolvency, SlippedDisc.com reported. The plan is said to ensure the continuation of IDAGIO’s classical music service, without job losses. Despite the insolvency, business operations continued without interruption throughout the entire restructuring process. “All parties involved expressed clear support for the business model and made its continuation possible.
Private credit lenders are easing loan terms on existing deals in hopes of staving off costly restructurings, at the risk of an extend-and-pretend dynamic that masks deeper economic strains, Bloomberg Law reported. Their effort comes as companies rush to address private credit loans maturing between 2025 and 2027, ahead of a potential tightening in credit markets, and in response to rising defaults and bankruptcy risks driven by tariffs, higher operating costs, and declining revenues.
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Prime Minister Sanae Takaichi on Friday instructed her Cabinet to look into revising the Economic Security Promotion Act given the changing geopolitical situation and rising economic threats, the Japan Times reported. “It’s been three years since the enactment of the Economic Security Promotion Act. Global affairs have continued to change with unprecedented speed and complexity,” Takaichi told a panel on promoting economic security.
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Argentina may not ultimately need a bank loan, JPMorgan Chase CEO Jamie Dimon said on Wednesday, adding Argentine President Javier Milei is doing a good job overhauling the country's troubled economy. "There is around $100 billion of foreign capital that may well come back to Argentina," Dimon said in a wide-ranging interview with Reuters in Detroit.
President Trump’s tariffs are starting to take a big bite out of Canada’s economy, the Wall Street Journal reported. The U.S.’s second-largest trading partner is flirting with recession, unemployment has risen to its worst non-pandemic levels in almost a decade, and business investment has stalled. A country that sends three-quarters of its exports to the U.S., Canada has proven uniquely vulnerable to Trump’s tariffs on automobiles, steel, aluminum and lumber. Prime Minister Mark Carney has said the U.S.
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KKR executives signaled optimism for investment returns and dealmaking on Friday and sought to allay concerns about slower private equity fundraising, deal volume and credit defaults saying there was no reason for alarm, Reuters reported. KKR Chief Financial Officer Rob Lewin described the environment for monetizations, meaning selling or refinancing assets in its portfolio as "constructive" and said the U.S. private equity firm expects this to continue into 2026. "Things feel healthy both in performance and exits," Lewin told analysts on a conference call on Friday.
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Lukoil's international operations faced mounting disruptions on Friday as a U.S. deadline for companies to cut off business with the Russian oil company looms and after a hoped-for sale of the operations to Swiss trader Gunvor collapsed, Reuters reported. The U.S. Treasury, which would have to approve any sale as Lukoil is under U.S. sanctions, on Thursday labelled Gunvor a Kremlin "puppet" and signaled its opposition to the deal.
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Apollo-backed Grupo Aeromexico's shares rose in their New York Stock Exchange debut on Thursday, valuing the Mexican airline at nearly $2.8 billion almost four years after emerging from bankruptcy, Reuters reported. The company's stock opened at $19.16 apiece, just above the $19 issue price. Aeromexico and some of its existing shareholders sold 11.7 million American Depositary Shares (ADS) in an initial public offering on Thursday at the midpoint of its marketed range of $18 to $20, raising $222.8 million.
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Japanese automakers warned that President Trump’s trade tariffs will cost them billions in lost profits, describing the import duties as a “new normal” that the industry will be forced to endure for the foreseeable future, the New York Times reported. The cautionary message came two months after a trade agreement that Japan negotiated with the United States took effect. Under the deal, Tokyo agreed to invest $550 billion in the United States in exchange for a 15 percent across-the-board tariff on its exports. Mr.
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