Kikki.K gets last minute stay of liquidation
Creditors met to vote on the recommendation on Thursday, but the meeting was adjourned for…
Liquidation and Prior Transactions in the Cayman Islands – Commentary
introductionAutomatically canceled transactionsPotentially voidable transactionsObligation to contributeintroductionWhen a Cayman Islands company (Cayman Company) goes into…
Bankruptcy Debtor Trumps SBA in Arizona District PPP Loan Dispute – Insolvency / Bankruptcy / Restructuring
The Paycheck Protection Program (“PPPâ€) was a forgivable loan program administered by the US Small…
Bankruptcy Debtor Trumps SBA in Arizona District P3 Loan Dispute | Snell & Wilmer
The Paycheck Protection Program (“PPPâ€) was a forgivable loan program administered by the US Small…
UK government braces for end of temporary insolvency measures
The government introduced the Insolvency and Corporate Governance Act 2020 (CIGA) in June 2020, prohibiting…
Are you worried about insolvency? Bite the CVL bullet, and stop putting the good money after the bad
We are seeing an increase in CVLs related to the IR35 reform and frankly, how…
Bankrupt Debtor Trumps SBA in Arizona District PPP Loan Dispute
The Paycheck Protection Program (“PPPâ€) was a forgivable loan program administered by the US Small…
Insolvency of Videocon: Twin Star Tech opposes a new offer
In its resolution plan, Twin Star offered to pay Rs 2,962.02 crore on the admitted…
Steinhoff pushes back liquidation in South Africa
Business Day reporter Katharine Child says the case is tricky because Steinhoff is a multinational…
Manage parallel insolvency proceedings in different jurisdictions?
When creditors try to collect debt from a troubled business in different jurisdictions, they incur…
The businessman’s new company registered the day after the liquidation will be examined
THINGRajesh Luthra and his wife Tripta Tripta recently moved into a new home in Rolleston.August…
Can you recover the amounts owed to you by a company in liquidation? – Insolvency / Bankruptcy / Restructuring
Australia: Can you recover the amounts owed to you by a company in liquidation? To…
Debtors behaving badly: non-payment of the debt on the basis of the “bad acts” of the debtor – Insolvency / Bankruptcy / Restructuring
United States: Debtors behaving badly: non-payment of the debt on the basis of the “bad…
Sears and Kmart are closing other stores. Is your establishment holding a clearance sale? See the list.
Other Sears and Kmart stores will close in the coming months.Two years after Transformco bought…
Two stores in liquidation
JCPenney has added a pair of stores to its list of permanent store closures.The retailer…
Debtors behaving badly: non-payment of the debt on the basis of the “bad acts” of the debtor
It is said that the word bankruptcy originated in the Middle Ages from the term…
Daily Fundamental Oil Price Forecasts – External Factors Encouraging Long Liquidation, Profit Taking
US West Texas Intermediate and International-benchmark Brent crude oil futures are trading lower Monday morning,…
For PAL reinvention, not liquidation
Congratulations to Justice Japar B. Dimaampao, 57, for his long delayed but well deserved promotion…
The moratorium under the IBC only applies to debtor companies and not to promoters: SC
The Supreme Court ruled that the moratorium under the provisions of the Insolvency and Bankruptcy…
Welcome to IANS Live – TopStory
Photo credit: IANS IANSLive New Delhi, Sept. 16 (IANS) The Supreme Court ruled on Thursday…
Object of the IBC to revive the debtor company, final liquidation: SC
The Supreme Court said on Wednesday that the main purpose of the Insolvency and Bankruptcy…
Steinhoff wants to make offer to postpone liquidation case to Constitutional Court
Steinhoff says he wants to go to the Constitutional Court as he seeks to postpone…
The problem of “debtor-creditor” language when selling loans by participation
Participation agreements, in the form promulgated by The Loan Syndications and Trading Association, Inc. (LSTA),…
Business News | Stock market and stock market news
Search for quotes, news, net asset values ​​of mutual funds Paras Defense INE045601015, PARAS, 543367…
Lenders vote to liquidate Lanco Mandakini Hydropower
Lenders voted to liquidate Lanco Mandakini Hydro Power on the grounds that an offer from…
Court of Appeal Maintains FCC Penalty Claim Survives Chapter 11 Debtor Company Relief
A corporate financial penalty obligation of a Chapter 11 debtor owed to the Federal Communications…
Liquidation as a Going Business is an Effort to Maximize Value and Save Businesses in Insolvency | MAINTENANCE
Nitin Jain is the official liquidator of the PSL Group – recently wound up as…
Personal property of guarantors cannot be transferred during the debtor company’s CIRP: NCLAT
The National Company Law Appeals Tribunal ruled that the personal assets of the guarantors could…
Liquidation as “going concern” gains ground
The liquidation of the business as a “going concern”, instead of liquidating it and selling…
Cayman update: alternative scheme to prove claims in liquidation
On September 10, 2021, Chief Justice Smellie QC in Re Premier Assurance Group SPC Ltd.…
TECT Aerospace creditors say it’s time to liquidate
By Rick Archer (September 10, 2021, 8:38 p.m. EDT) – Unsecured creditors of TECT Aerospace…
Bankruptcy Commission tightens noose around IBC liquidation process
In June of this year, 4,541 troubled companies were taken to bankruptcy courts. Of this…
Legal options in Thailand when a debtor can’t (or won’t) pay
COVID-19 and the resulting containment measures to limit outbreaks in Thailand have caused significant financial…
Legal options in Thailand when a debtor is unable (or unwilling) to pay – Insolvency / Bankruptcy / Restructuring
Thailand: Legal options in Thailand when a debtor can’t (or won’t) pay September 07, 2021…
Steinhoff’s shares dip as judge rules liquidation case can be heard
Steinhoff headquarters in Stellenbosch. Steinhoff shares fell nearly 40% on Monday afternoon after the Western…
IBC: 47 pc of cases closed in liquidation until June; many cos saw the erosion of ecological value before the insolvency process, says IBBI
Almost 47%, or 1,349 cases closed under the insolvency law were put into liquidation until…
Siva Industries promoter appeals liquidation
Series C entrepreneur Sivasankaran, promoter of Siva Industries, filed an appeal with the National Company…
The liquidator can sell the debtor company as a going concern, CoC Code of Conduct
2. Vinod Sehwag v. Siemens Financial Services Pvt. Ltd. & Anr. (NCLAT, Delhi)Problem involved:Can the…
FAQ: the real difference between insolvency, bankruptcy, liquidation, etc.
COVID-19 has had an undeniable and significant impact on many businesses in Australia. With every…
Carbon Capture and Sequestration Face Significant Licensing and Regulatory Barriers in California | Alston & Bird
If California continues to push for ambitious carbon reduction targets, CCS will need to play…
Government reassures Air Seychelles ahead of liquidation hearing
The Seychelles government has assured that it will support the national airline Air Seychelles (HM,…
IBBI offers strict rules for a more transparent liquidation process
In order to bring more transparency to the liquidation process, the Insolvency and Bankruptcy Board…
Lender obtains information order against debtor undergoing restructuring of 573 million euros
By Bonnie Eslinger (Aug 27, 2021, 5:11 p.m. BST) – A judge said on Friday…
Overcome legal and regulatory obstacles
As the country, policymakers and industry focus on reducing greenhouse gas (GHG) emissions, carbon utilization…
Baker Hughes conducts CO2 sequestration study at ethanol plant sites in California
World Oil CUPERTINO, CA – A new study has concluded that more than 2 million…
Monetizing the Section 45Q Tax Credit: The Key to Carbon Sequestration | Baker
[co-author: Michael Palmer*] Whether there is to be rapid progress in limiting the increase of…
More directors seeking voluntary liquidation, according to R3 expert
A INCREASING number of bosses have decided to shut down their businesses after spending more…
Global carbon capture and sequestration industry (2020 to 2027)
DUBLIN, August 13, 2021 / PRNewswire / – The “Carbon capture and sequestration – Trajectory…
Bankrupt Limetree Bay refinery secures $ 10 million in debtor-in-charge funds to unwind
Aug. 11 (Reuters) – The Limetree Bay refinery may secure another $ 10 million debtor-in-owner…
Achievement or Reversion? – take care of the family home in receivership
In the recent Sheriff Court judgment in the case The Bankrupt Accountant v Peter A…
Carbon Capture and Sequestration Market Size with Growth Research 2021 – Comprehensive insights by demand status, industry share, global opportunity forecast
NOIDA, India, July 22, 2021 / PRNewswire / – A comprehensive overview of the global…
Court grants final receivership order for MTI CEO’s missing estate
MTI collapsed in December of last year after it stopped providing funds to its members.…
A warning to contractual counterparties: a debtor can sell your fully executed contract without remedying the defaults and pay your debt in full | Pillsbury Winthrop Shaw Pittman LLP
Background In 2011, a producer and a subsidiary of the Weinstein Company entered into a…
IRS issues guidance for section 45Q carbon capture and sequestration tax credit
On July 1, 2021, the Internal Revenue Service issued Revenue Ruling 2021-13 (the “Revenue Rulingâ€)…
Can your lien be avoided if only the debtor benefits? Courts Divided – Insolvency / Bankruptcy / Restructuring
United States: Can your lien be avoided if only the debtor benefits? Courts are divided…
India targets 2 billion more carbon sequestration by 2030: Javadekar
The Minister of Environment, Forests and Climate Change, Prakash Javadekar, on Thursday set the goal…
Trillian’s Eric Wood resists kidnapping offer
Eric Wood, CEO of Trillian. (Photo: Supplied) The former Trillian boss denies the theft or…
Former employees of Seadrill Ltd. hit a debtor with a lawsuit under the WARN law
By Vince Sullivan (June 15, 2021, 2:22 p.m. EDT) – Former employees of offshore oil…
Ex-Luckin chairman Lu Zhengyao becomes judgment debtor for third time, faces fine of $ 188 million
According to public information published on China’s Law Enforcement Information Disclosure website, ex-chairman of Luckin…
Lenders are free to invoke the personal guarantees of a debtor company under the Insolvency and Bankruptcy Code, 2016 – Insolvency / Bankruptcy / Restructuring
India: Lenders are free to invoke the personal guarantees of a debtor company under the…
Paving the way for the deployment of geological CO2 sequestration in Texas – Environment
Carbon Capture, Use and Storage (“CCUSâ€) is widely viewed as an essential tool for reducing…
Enforce your arbitration clause against an insolvent debtor – Litigation, mediation and arbitration
To print this article, simply register or connect to Mondaq.com. Due to the COVID-19 outbreak,…
Venture Global launches carbon capture and sequestration project
ARLINGTON, Virginia., May 27, 2021 / PRNewswire / – Today, Venture Global LNG announced its…
Putting in Back – McDaniel Webinar and Carbon Sequestration Case Study
Join geologists McDaniel Francis Morin and Chase Gilbert on May 31 for a free webinar…
Prosecution of criminal charges against a debtor may violate the stay and automatic release order
In a recently released ruling, the United States Bankruptcy Court for the Eastern District of…
Alberta carbon sequestration tenure and CCUS developments | Dentons
On May 12, 2021, the Government of Alberta’s Department of Energy released a new Information…
Will the claim of the awardee be extinguished upon approval of the award debtor’s resolution plan under the IBC? Yes, rule the High Court of Calcutta
The Calcutta High Court on Friday settled an important arbitration law issue, to know, whether…
Imagina FX founder Craig Massyn defends attempted kidnapping
The liquidators of Imagina FX, the bankrupt investment firm that went into final liquidation in…
CannTrust Announces Court Approval for Financing Debtor in Possession of C $ 22.5 Million and CCAA Exit Credit Facility
VAUGHAN, ON, April 30, 2021 / PRNewswire / – CannTrust Holdings Inc. (“CannTrust†or the…
MTI CEO and Wife Received Interim Confinement Order by South African High Court – Bitcoin News
A South African High Court recently served Johann and Nerina Steynberg of Mirror Trading International…
Cross-border restructuring and discharge of non-debtor guarantors: update of chapter 15
Third party releases, especially releases from affiliated non-debtor guarantors, are generally a key feature of…
Mirror Trading International CEO struck with interim receivership order
The founder and alleged CEO of Mirror Trading International (MTI), Johann Steynberg, has been provisionally…
CannTrust Holdings Inc. Secures Cdn $ 22.5 Million Debtor-In-Owner Funding and CCAA Exit Credit Facility
Company awaits approval from Ontario Superior Court of Justice VAUGHAN, ON, April 20, 2021 /…
Keep and pay offers mutual benefits to creditor and debtor
An overview of keep and pay What is keep and pay?Keep and pay is a…
Mitigate the releases of non-debtors? Purdue Pharma and Bill SACKLER – Insolvency / Bankruptcy / Restructuring
To print this article, simply register or connect to Mondaq.com. On Friday, March 19, 2021,…
The expanding contours of releases authorized by non-debtors in the Ninth Circuit | Mintz – Views on Bankruptcy and Restructuring
Until recently, Ninth Circuit courts have generally followed the minority view that discharges by a…
kidnapping and the Cap 2.0 hospice: pending legislation could extend the moratorium on kidnapping | Arnall Golden Gregory LLP
Following the government-wide sequestration cuts in 2011, the palliative care industry has not been spared.…
Debtor alleges violation of the Thirteenth Amendment; The court declares that the debtor has standing to assert the claim; Decision on the merits to follow | Patterson Belknap Webb & Tyler LLP
It is rare for a bankrupt debtor to raise allegations of involuntary easement and violation…
Debtor alleges violation of the Thirteenth Amendment; The court declares that the debtor has standing to assert the claim; Decision on the merits to follow
It is rare for a bankrupt debtor to raise allegations of involuntary easement and violation…
The NCLT can settle disputes relating to the insolvency of a debtor company
The Supreme Court ruled on Monday that the National Company Law Tribunal (NCLT) had jurisdiction…
High Court: Invalid protection certificate prevents debtor from filing new personal insolvency claim within 12 months
The Supreme Court decided that an insolvent debtor was not entitled to a new protection…
Court Dismisses Bankruptcy Case To Allow Debtor To Apply For Paycheck Protection Loan Patterson Belknap Webb & Tyler LLP
It is well known in the restructuring world that a bankrupt debtor cannot get a…
Pre-pack system for insolvency banks on fair debtor-creditors links
The prepackaged program, billed as the next step in the evolution of the Insolvency and…
Collusive business dealings with debtor company will not constitute “financial debt” according to IBC: Supreme Court
The Supreme Court ruled that collusive or simulated transactions with a debtor company will not…
IBC Redefines Debtor-Creditor Relationship, Economic Study Finds
Introducing significant behavioral changes, the insolvency law redefined the debtor-creditor relationship, with more than 80%…
Carbon capture and sequestration in 2021: the way forward
2021 is already poised to deliver substantial growth in carbon capture and sequestration (“CCSâ€). On…
45Q Regulation respecting tax credits for carbon capture and sequestration
Related practices and jurisdictions Wednesday, January 27, 2021 As we previously reported, in June 2020,…
Bankruptcy Court Rejects State Law-Based Arguments Of Retail Debtor To Avoid Paying Rent During Chapter 11 Pillsbury Winthrop Shaw Pittman LLP
This alert focuses on CEC debtor’s non-bankruptcy theories that the COVID-19 pandemic and government responses:…
Supreme Court upholds changes to IBC to sue debtor companies
In an important verdict, the Supreme Court on Tuesday upheld changes made by Parliament to…
CCAA debtor must pay post-deposit rent for “use” of leased premises | Blake, Cassels & Graydon LLP
Since the start of the COVID-19 pandemic, insolvent companies have sought intervention from the courts…
Supreme Court Finds Mere Withholding of Bankrupt Debtor’s Assets Not a Violation of Automatic Stay, But Other Questions Remain | Bradley Arant Boult Cummings LLP
In recent years, federal circuit courts have grappled with whether a creditor retaining possession of…
Chicago v. Fulton Bankruptcy Code and Debtor’s Property Retention
Related practices and jurisdictions Thursday, January 14, 2021 On January 14, 2021, the United States…
Automatic stay blocks interference with debtors’ business relationships
Automatic stay is arguably the most important protection that the Bankruptcy Code offers to a…
Debtor-Operator vs Creditor-Operator Insolvency Models – Insolvency / Bankruptcy / Restructuring
DOES THE REFORM ACHIEVE THE RIGHT BALANCE? Australia has traditionally had what is known as…
Does my business qualify as a small business debtor? | Jennings, Strouss & Salmon, PLC
The new subchapter V of chapter 11 of the Bankruptcy Code (subchapter V) was enacted…
Bankruptcy Law Update: Additional Debtor Relief Options Announced – Insolvency / Bankruptcy / Restructuring
United Arab Emirates: Bankruptcy Law Update: Additional Relief Options for Debtors Announced 23 october 2020…
Dealing with Debt: Sequestration vs. trust deeds
Getting into debt is not something that no one anticipates. Most often this happens due…
subchapter V and the single asset real estate debtor in a COVID-19 world | Spilman Thomas & Battle, SARL
Over a year ago, Congress amended the Bankruptcy Code to create Subchapter V, with the…
Can counterclaims filed against the debtor company be stayed in accordance with the provisions of the IBC during the moratorium
Whether a counterclaim filed against a debtor company is likely to be stayed during the…
House Republicans propose carbon capture and sequestration legislation
House Republicans on Wednesday unveiled proposals focused on carbon capture and sequestration, the first of…
Should the repossessed vehicle be returned immediately after the debtor has filed for bankruptcy?
An all too common occurrence today is for a debtor to file a Chapter 13…
Rehabilitation After Escrow – Insolvency / Bankruptcy / Restructuring
To print this article, simply register or connect to Mondaq.com. Our insolvency lawyers are often…
The carbon capture and sequestration market will reach $ 5.6 billion by 2026; Strict Government Laws to Reduce Carbon Emissions to Drive Growth, According to Fortune Business Insights
PUNE, India, August 27, 2019 / PRNewswire / – The global carbon capture and sequestration…
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How the budget deal sticks our kids with the bill
The recent budget deal spends trillions that we don’t have. But we are okay with…
In Chapter 11 Bankruptcy, the debtor can assume or reject the lease
Suppose you own farmland or commercial space and you rent out your property. What happens…
Everything you need to know about rehabilitation after confinement
Has your estate been placed in receivership due to your unpaid debts and you need…
The largest US carbon capture and sequestration project developed by Wabash Valley Resources with financial support from OGCI Climate Investments
HIGH EARTH, Ind., May 20, 2019 / PRNewswire / – Wabash Valley Resources (WVR), a…
‘Reckless’: details of Khulubuse Zuma’s provisional kidnapping
Last week, the Durban High Court placed the estate of businessman Khulubuse Zuma under interim…
Substantial Nondebtor Consolidation: Do Recent Cases Indicate a Judicial Preference for Claims Under State Law? | Mintz – Views on Bankruptcy and Restructuring
It is not uncommon for a creditor of a debtor to cry foul that a…
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Definition of debtor in possession (DIP)
What is a Debtor in Possession (DIP)? A Debtor in Possession (DIP) is a person…
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Definition of debtor-in-possession (DIP) financing
What is debtor-in-possession (DIP) financing? Debtor-in-possession (DIP) financing is a special type of financing for…
Nasty sequestration, but not the end
Question:I recently read that a well-known sportsman was kidnapped. Does that necessarily mean the end…
The sequestration rate is 6.9% for direct payment bonds starting in October
WASHINGTON – Federal grants to issuers of Build America bonds and other direct payment bonds…
The insolvent debtor – Are charitable and family donations still possible?
There are two questions estate planners often ask when they have a client in financial…