Supreme Court clears the path for personal guarantor insolvency

2023-11-09 15:36:14 In a significant ruling, the Supreme Court on Thursday upheld the constitutionality of IBC provisions on Personal Guarantors’ Insolvency Resolution, dismissing over 200 petitions that challenged their legal validity. A Bench of Chief Justice of India (CJI) D Y Chandrachud with Justices J B Pardiwala and Manoj Misra held that the provisions (Sections 95 … Read more

ibc: Cracking the Code: Q2 recovery under IBC rises to 33%

2023-11-01 18:33:54 Creditors’ recovery from loans to bankrupt companies under the Insolvency and Bankruptcy Code (IBC) rose to 33% of their admitted claims in the September quarter from 29.5% in the previous three months, according to the latest data compiled by the insolvency regulator. Improved investor interest in a broad range of small and medium … Read more

Top-Ranking Website for Movie and TV Show Content: Insider Reviews, News, and More!

2023-09-30 05:57:00 Fotocredits: Maritta Emser privat, 20th Century Fox, Imago / Cinema Publishers Collection, Everett Collection; Montage:, Walt Disney, ARD / Ann Paur, IMAGO / Picturelux / Netflix, Montage:, 2022 Home Box Office, Inc., IMAGO / NurPhoto, IMAGO / Picturelux; Montage, © Frédéric Batier/ARD/SKY, Amazon Content Services LLC, IMAGO / Allstar / … Read more

insolvency: IBBI to form ‘common panel’ of insolvency professionals

2023-06-13 18:46:32 The bankruptcy regulator will prepare a “common panel” of insolvency professionals (IPs) from those registered with it and share the list in advance with the adjudicating authority to choose from to oversee various cases of resolution or liquidation from July 1. At present, the Insolvency and Bankruptcy Board of India (IBBI) is required … Read more

‘Go First tells DGCA it will restart, but offers no timeline’

2023-05-23 15:04:52 GoFirst has responded to the show cause notice it received and expressed its intention to resume operations as soon as possible, according to sources at the DGCA. The airline has assured the regulatory body of its commitment to restarting services; however, no specific timeline has been provided at this stage. Additionally, GoFirst has … Read more

insolvency: IBBI seeks public comments on regulatory framework under insolvency law

2023-05-06 08:06:13 The Insolvency and Bankruptcy Board of India (IBBI) on Saturday sought public comments on the regulations notified till date under the insolvency law as it looks to crowd source ideas for the regulatory framework. The institution said that participation of the public, particularly the stakeholders in the insolvency ecosystem, will ensure that the … Read more