Late in the evening on Feb. 23, 2021, the department store chain Belk Inc. and 17 affiliates filed prepackaged bankruptcy cases in the U.S. Bankruptcy Court for the Southern District of Texas. In ...

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Xact Prepack, a sustainable packaging solutions provider, has entered into a strategic partnership with Termoformas, a manufacturer of plastic packaging, to develop products for food applications.

The government will likely roll out a ‘prepack’ insolvency framework soon, as a panel under Insolvency and Bankruptcy Board of India (IBBI) chairman MS Sahoo will submit its report later this month.

Controversial ‘prepack’ deals under which insolvent companies are sold back to their own management, free of debt, face a legal crackdown. Ministers are to act after serious concerns were raised about ...