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
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
2023-09-30 05:57:00 Fotocredits: Maritta Emser privat, 20th Century Fox, Imago / Cinema Publishers Collection, Everett Collection; Montage: TVSpielfilm.de, Walt Disney, ARD / Ann Paur, IMAGO / Picturelux / Netflix, Montage: TVSpielfim.de, 2022 Home Box Office, Inc., IMAGO / NurPhoto, IMAGO / Picturelux; Montage TVSpielfilm.de, © Frédéric Batier/ARD/SKY, Amazon Content Services LLC, IMAGO / Allstar / … Read more
2023-07-31 12:08:41 SPÖ calls for a package of measures against group tricks – Herr: “Such an insolvency at the expense of the employees should no longer exist. Insolvency law must be changed here!” Vienna (OTS/SPW) – On Saturday, July 29, 2023, 23 of the 40 Kika/Leiner branches in Austria closed. According to the group, at … Read more
2023-06-28 19:04:14 The bankruptcy code has rescued 72% of the distressed assets since it came into being in 2016, though half of them ended in orders of liquidation, said the Financial Stability Report by the Reserve Bank of India. By March 2023, a total of 6,571 corporate insolvency resolution process (CIRPs) had commenced, of which … Read more
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
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
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