Only creditors who have triggered the insolvency resolution process can be sued as a party: NCLAT Chennai
The National Company Law Appeals Tribunal (“NCLAT”), Chennai Bench including Judge M. Venugopal (Judicial Member)…
Browsing: Insolvency
Insolvency regulator to pass regulations by end of month to reduce delays and improve resolution value
Insolvency regulator IBBI is likely to issue regulations based on the discussion paper circulated earlier…
Right of liquidators to be paid from the trust account of a regulated company – Insolvency/Bankruptcy
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Corporate insolvency at a decade high: opportunities ahead? – Sunderland magazine
Serious figures show that the rate of business insolvency in England and Wales is well…
New restructuring regime in Hungary – Insolvency/Bankruptcy
August 09, 2022 Wolf Theiss To print this article, all you need to…
A total of 1,999 insolvency cases were ongoing as of June 2022: government
According to the government, as many as 1,999 cases of corporate insolvency resolution proceedings were…
Preventive Restructuring Directive comes into force in Ireland – Insolvency/Bankruptcy
Introduction Changes have been made to the Irish review process by the European Union (Preventive…
The meeting of creditors leads to a favorable result for Enova companies – Insolvency/Bankruptcy
August 03, 2022 Cathro & Partners To print this article, all you need…
TGIF: Debt liquidation: Three good reasons to settle for less – Insolvency/Bankruptcy
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Skills shortage pushes SMEs to the brink, says Insolvency Australia
Nationwide skills shortages are becoming a key factor in forcing businesses into insolvency, with SMEs…
Insolvency Service uses new UK powers to ban Covid loan scammers
The Insolvency Service has used new powers for the first time against administrators who dissolve…
Jet Airways faces insolvency threats from lenders
Jet Airways’ financial problems since its first stint have come back to haunt it again.…
Kirsteen Maclean: Corporate Insolvency/Director’s Duties – A Perfect Storm
Kirsteen Maclean discusses the intricacies of corporate insolvency. Research by commercial insolvency and restructuring body…
Home talk | How the new bill gives teeth to the Insolvency and Bankruptcy Code
Parliament is the temple of democracy and parliamentary procedures the rituals through which the will…
Forensic Audit, Corporate Debtors, Insolvency and Bankruptcy Code 2016, NCLT
IBC was framed with the motive of restructuring or reviving a corporate debtor. The code…
Tezos Co-Founder Kathleen Breitman Says Celsius’ Insolvency Is No Surprise
No result Show all results © Copyright 2022. The Republic of Coins Are you sure…
Edelweiss ARC Files Insolvency Plea Against Marriott’s Renaissance
The Renaissance Hippodrome of Bangalore Marriott’s landmark hotel was dragged to the NCLT by Edelweiss…
Insolvency Service Report Finds Homeowners Are Generally Treated Fairly in CVAs
For those who missed it, the Insolvency Service released an excellent research report at the…
Construction industry ‘on collision course with insolvency’
The construction industry is hostage to fixed-price contracts signed months ago that will drive many…
New Zealand business insolvencies set to rise
New Zealand businesses continue to be affected by supply chain disruptions, interest rate increases, labor…
NCLT has the power to replace the liquidator under the Insolvency and Bankruptcy Code, 2016 : NCLT Chennai
National Company Law Court, Chennai (NCLT) made up of Justice S Ramathilagam and Mr. Anil…
Insolvency Service Reports on Owners’ Results Under Company’s Voluntary Arrangements | Insights and Events
The Insolvency Service issued a report on research commissioned by her on the use of…
Is your business facing insolvency? Admins beware of misconduct complaint
Business leaders face a heavy burden in circumstances where insolvency is looming at the door.…
How to Spot a Fake Insolvency Avoidance Plan and…Avoid It
David Griffiths, an insolvency practitioner at Leonard Curtis in Wolverhampton, examines why SME owners shouldn’t…
Protection of Supplies in the Event of Insolvency – Insolvency/Bankruptcy
Uncertain times have a ripple effect on all aspects of life, including business. The pandemic,…
Misappropriation of Company Assets Led to Lawsuits – Insolvency/Bankruptcy
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Protection of supplies in the event of insolvency
Uncertain times have a ripple effect on all aspects of life, including business. The pandemic,…
ERGO Analyzing Developments Impacting Business: Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2022.
Introduction Indian Insolvency and Bankruptcy Board (table) see its circular no. IBBI/2022-23/GN/REG084 of June 14,…
Residential building restraining orders could make insolvency a realistic prospect – Construction and planning
June 22, 2022 Corrs Chambers Westgarth To print this article, all you need…
We need to rethink the insolvency ecosystem before it loses its appeal
As the Narendra Modi government celebrates “Azadi ka Amrit Mahotsav”, an initiative to commemorate 75…
All About Three Arrows Capital’s Insolvency Risks and What Happened
One of the biggest crypto venture capital firms, Three Arrows Capital, is on the verge…
Crypto carnage brings Celsius and Three Arrows Capital closer to insolvency, June 9-16
The 2022 release of crypto winter is unlike anything we’ve seen before. As I warned…
The Cinderella of Insolvency | Enterprise standard column
The Insolvency and Bankruptcy Code (IBC) 2016, aims at the resolution of…
Will my business sink into the coming deluge of insolvency?
Business news and the media are increasingly concerned about the increase in insolvency appointments. Many…
Seven things directors need to keep in mind as the company revolves around insolvency: the Hong Kong perspective
The impact on the economy of COVID-19 sees no signs of easing in the near…
Celsius Insolvency Rumors Swirl After Company Halts Withdrawals, Nexo Offers To Buy Company’s Assets Cryptocurrency
On Monday, June 13, 2022, the crypto economy fell below the $1 trillion region as…
Celsius Network lending platform headed for insolvency?
The crypto lending provider’s Celsius network is in the midst of a big storm which…
LPU organized a one-day awareness program on the insolvency profession
The Lovely Professional University (LPU) organized a one-day awareness program on the “insolvency profession” for…
Further development of cross-border insolvency between Hong Kong and the mainland
Since the signing of meeting minutes regarding mutual recognition and assistance in insolvency proceedings between…
Choose a local insolvency practitioner
With everything returning to something like normality, it’s easy for some to…
Supreme Court approves developer’s settlement plan
On Friday, a two-judge panel of the Supreme Court approved the settlement plan proposed by…
Bermuda Provisional Liquidation – Insolvency/Bankruptcy
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Streamline insolvency resolution with code
There is a need to strengthen the insolvency resolution process. The Insolvency and Bankruptcy Board…
Employee Wages During Insolvency Process – The New Indian Express
Managing insolvency costs or liquidation costs is one of the critical tasks of the liquidator.…
Insolvency drought about to erupt
The latest figures show liquidations intensifying after the pandemic-caused pause, although there is “still some…
NCLT Clears Insolvency Proceeding Against National Textiles Corp
The National Company Law Tribunal (NCLT) has ordered the opening of insolvency proceedings…
Japanese companies in insolvency proceedings: contracts and claims
Although the number of corporate insolvency cases in Japan in 2021 was the lowest since…
Careful Consideration of Comity when Liquidating a Caymanian Company – Insolvency/Bankruptcy
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Data | Poor collection, increasing delays hampering the Insolvency and Bankruptcy Code resolution process
In the fourth quarter of FY22, for the first time, the amount to be realized…
Probuild, Condev: More big companies at risk of collapse, warn insolvency experts
Many large construction companies have gone bankrupt in Australia. But that might just be the…
Federal Government Approves Insolvency Regulations for Businesses – Insolvency/Bankruptcy
On 24 April 2022, the Honorable Minister for Industry, Trade and Investment approved the Insolvency…
Decree holders are not financial creditors under the Insolvency and Bankruptcy Code, 2016 – Supreme Court confirms
The Honorable Supreme Court has recently upheld a judgment of the Divisional Bench of the…
How can hotel providers avoid insolvency in the coming months?
Recent business insolvency statistics for the first quarter of 2022 show that the number of…
Insolvency claims in the UK and who to assign them to
Insolvency actions are often brought against former directors of the insolvent company or persons related…
issues for insolvency practitioners in the UK
The funeral plan provider would usually set up a trust with independent trustees in…
Chatham Insolvency Service set to be closed in move condemned by PCS union
A union has criticized plans to close half of all Insolvency Service offices across England…
Catholics on the Burin Peninsula were already troubled by insolvency. Now they lose their priest
Father Nelson Boren is a Roman Catholic priest who ministers in five churches on the…
Delaware Bankruptcy Court Ruling Highlights Potential Defenses to Equitable Subordination Action – Insolvency/Bankruptcy
On March 25, 2022, the U.S. Bankruptcy Court for the District of Delaware dismissed a…
R3 Responds to March 2022 Insolvency Statistics
Business bankruptcies have more than doubled in the past year, according to professional body R3…
Prospective buyers preparing final offers for St. Lawrence mine, insolvency monitor says
The company overseeing the sale process for the insolvent St. Lawrence fluorspar mine has confirmed…
Insolvency proceedings cannot be brought against the legal heirs of a personal guarantor under the Insolvency and Bankruptcy Code 2016: Bank Of Baroda, Stressed Asset Management Branch (Samb) V Ms Divya Jalan, Heiress personal guarantor of the late Sandeep Kumar Jalan – Insolvency/Bankruptcy
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Need a framework to study the impact of insolvency law: secretary for corporate affairs
Amid fears the insolvency law has led to more liquidations than resolutions of troubled assets,…
Need for a framework to study the impact of insolvency law: Secretary for General Affairs
Mr. Rajesh Verma said that the government and regulator IBBI have constantly made course corrections…
Update on Recent Developments in Bankruptcy Law – Insolvency/Bankruptcy
April 29, 2022 Jenner and Block To print this article, all you need…
UK government consultation on changes to insolvency rules for insurers – a financial counterparty perspective | Insights and Events
In May 2021, the UK government issued a Consultation which presented its proposals for targeted…
Latest insolvency statistics show rise in voluntary liquidations
MANY business owners have decided that they will not be able to weather short-term economic…
Joint Provisional Liquidators Appointed: All Year Holdings Limited – Insolvency/Bankruptcy/Restructuring
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Fault and Justice: Section 212 of the Insolvency Act 1986
The recent decision of the English High Court of Re Glam and Tan Ltd [2022]…
Insolvency Service cracks down on other bouncing loan abusers
The Insolvency Service has successfully secured restrains against a gym operator and a roofer after…
Insolvency and Bankruptcy Board Amends Voluntary Winding-Up Process Regulations – Insolvency/Bankruptcy/Restructuring
India: Insolvency and Bankruptcy Board Amends Voluntary Liquidation Process Regulations April 18,…
Collection of debts via insolvency files at 31%; 47% of cases liquidated: report
Nearly half of the 3,247 insolvency cases have been resolved through liquidation, and…
IBBI Notifies Amended Insolvency and Bankruptcy of India (Voluntary Liquidation Process) Regulations 2017
the Board of Insolvency and Bankruptcy of India (“IBBI”) issued a press release on 08.04.2022…
Indian Insolvency Quarterly Overview – January to March 2022 – Insolvency/Bankruptcy/Restructuring
In recent times, several noteworthy judgments have been rendered by Indian courts and tribunals in…
End of Covid Restrictions under Corporate Insolvency and Governance Act on Issuance of Winding Up Petitions – Insolvency/Bankruptcy/Restructuring
UK: End of Covid restrictions under Corporate Insolvency and Governance Act on issuing…
Insolvency ‘tsunami’ will wipe out more than 10,000 businesses
Thousands of COVID zombie businesses and many more with unmanageable debts mean Australia will be…
High Court rules in UK’s first contested stand-alone moratorium proceeding – Insolvency/Bankruptcy/Restructuring
UK: High Court rules on UK’s first disputed stand-alone moratorium process April…
Final Payments on Termination and Insolvency: Does the Construction Act Apply?
A recent High Court decision ruled that the payment provisions of the Building Act did…
Government streamlines insolvency law
The government is taking steps to simplify the rules governing “unfair preference” claims by liquidators.…
Bankruptcy and insolvency — Consultation on the treatment of trusts under insolvency law
Australia’s current corporate insolvency regime does not expressly cover how companies that structure themselves through…
Halifax gas fitters banned from operating businesses after abusing insolvency regime
The two gas fitters appeared at Bradford Crown Court for sentencing after pleading guilty to…
National Security and Investment and Restructuring and Insolvency Act 2021 | Goodwin
The National Security and Investment Act 2021 (“NSIA” or “the Act”) came into force in…
10 positive aspects of insolvency law
The Ministry of Economy presented a series of bills to the Congress of the Republic…
Chelsea risk insolvency without a sale, says sport’s top lawyer
Chelsea FC need Russian oligarch Roman Abramovich to sell the club quickly. If not, there’s…
Change the insolvency law for a rapid overhaul of the sugar sector
Columnists Change the insolvency law for a rapid overhaul of the sugar sector Wednesday, March…
Powell Associates Ltd. – Licensed Insolvency Trustee Helps With Bankruptcy Issues in Halifax, Nova Scotia
Dartmouth, NS – Powell Associates Ltd. – The Licensed Insolvency Trustee works with individuals and…
Jersey insolvency: a fresh start for creditors – Insolvency/Bankruptcy/Restructuring
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How to avoid business insolvency in 2022
Shackles preventing stakeholders from lobbying companies will soon be resolved as petition protections and rental…
TGIF March 4, 2022 – Court Approves Liquidator Funding and Maintains Confidentiality – Insolvency/Bankruptcy/Restructuring
This week’s TGIF considers Thorn (liquidator), in the matter of South Townsville Developments Pty Ltd…
Avatar becomes second Florida insurer to face insolvency this year
Two weeks after St. Johns Insurance Co. was declared insolvent, Florida regulators moved to begin…
Insolvency Practitioners: Supporting Mental Health for Best Outcomes – Insolvency/Bankruptcy/Restructuring
Australia: Insolvency Practitioners: Supporting Mental Health for Best Outcomes March 08, 2022…
Insolvency regulator to get more teeth, punitive powers; main map amendments
Commenting on whether the IBBI should be further strengthened, a former central banker said: “There…
Insolvency code recoveries shrink to 33% – The New Indian Express
By Express press service NEW DELHI: The much-vaunted reform of the Narendra Modi government -…
Powell Associates Ltd. – Licensed Insolvency Trustee Helps Individuals Understand Bankruptcy in Halifax, NS
Dartmouth, NS – The most common circumstances that could cause someone to accumulate unmanageable debt…
Insolvency Overview – Issue 8 | February 2022 – Insolvency/Bankruptcy/Restructuring
Kireeva vs. Bedzhamov [2022] EWCA Civil 35 Where a court recognizes a foreign bankruptcy order…
Agency ceases operations and appoints insolvency team to…
A two-branch letting agency in Hertfordshire has gone out of business and announces that it…
Hull UK Corporate Rescue/Insolvency Solicitors – Legal Advice Service Extension
Hull-based commercial law firm Hallmark Solicitors (0800-037-1305) has expanded its business legal services offering to…
Insolvency Overview – Issue 8 | February 2022
Kireeva vs. Bedzhamov [2022] EWCA Civil 35 Where a court recognizes a foreign bankruptcy order…
Can I trigger an unfair preference claim? – Insolvency/Bankruptcy/Restructuring
Australia: Can I trigger an unfair preference claim? February 23, 2022 Cathro…
TGIF – High Court takes broad approach to power of review – Insolvency/Bankruptcy/Restructuring
This week’s TGIF examines the recent High Court decision in Walton v ACN 004 410…
The insolvency of the personal guarantor is independent of the insolvency resolution process of the debtor company
Facts The State Bank of India Stressed Asset Management Branch (SBI) has filed a petition…
R3 Responds to January 2022 Insolvency Statistics
Eleanor Temple, chair of commercial insolvency and restructuring body R3 in Yorkshire Business bankruptcies rose…
Update: Expansion of the Jersey Insolvency Toolkit – Insolvency/Bankruptcy/Restructuring
Jersey: Update: Expansion of Jersey Insolvency Toolkit To print this…
Substantive Opinions on Consolidation and Non-Consolidation – Insolvency/Bankruptcy/Restructuring
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Addleshaws is hiring in Paris for the launch of its insolvency practice
Addleshaw Goddard set up a struggling business law firm in its Paris office, hiring a…
Adjudication of Third Party “Claims” by NCLT – Insolvency/Bankruptcy/Restructuring
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Corporate insolvency and rate liability
Liability for business rates is complex, and the question of who is liable if occupants…
Turkey, Financial Structuring of Large Scale Loans – Insolvency/Bankruptcy/Restructuring
To print this article, all you need to do is be registered or log in…
Derby County: EFL reject club’s attempts to use insolvency laws to settle certain debts
Derby County are currently seven points from safety after being deducted 21 pointsThe EFL says…
Insolvency Australia announces new director
Gareth Gammon, former chief operating officer at Jirsch Sutherland, has assumed the role of new…
Dozens of Newcastle stores file for insolvency as impact of pandemic hits city hard
The coronavirus has had a huge impact on the retail sector, with closures and restrictions…
Bring an SOP for cross-border insolvency, according to an economic study
NEW DELHI: As part of insolvency reforms, the Economic Survey 2021-22 suggested several steps to…
Insolvency and bankruptcy code: the IBC leads to behavioral changes in debtor companies: economic survey
The Insolvency and Bankruptcy Code (IBC) has led to behavioral changes among corporate debtors, with…
Reform of Spanish insolvency law
At the end of 2021, the Spanish government approved a draft reform of Spanish insolvency…
Corporate Restructuring Review | Flight. 21 No. 1 | January–February 2022 – Insolvency/Bankruptcy/Restructuring
In this problem: The year of bankruptcy: 2021 A brief chronicle of the year’s notable…
Insolvency Overview – Issue 7 | January 2022
Legislation the Rating (Coronavirus) and Disqualification of Directors (Dissolved Companies) Act 2021 received Royal Assent…
WEPPA Changes in Effect: Some Welcome Changes – Insolvency/Bankruptcy/Restructuring
On November 20, 2021, long-awaited changes to the Wage Earner Protection Program (“PPP”) came into…
Insolvency warning as industry faces mounting challenges | News
More than 340 architectural and engineering firms have gone bankrupt since the start of the…
Sale of basilica, money from Chase the Ace could be included in archdiocese insolvency
The iconic Basilica of St. John the Baptist could be sold as the Roman Catholic…
Crystal Cruises suspends operations due to Genting HK insolvency
Crystal Cruises ocean cruise ships suspend operations until April 2022 (Crystal) Posted on January 19,…
A Trustee’s First Duty: Maximizing the Value of an Insolvency Case | King and Spalding
The primary duty of a trustee in bankruptcy is to maximize the value of the…