Supreme Court suspends liquidation of Siva Industries after promoters appeal
The Supreme Court (SC) stayed an order from the National Company Law Appellate Tribunal (NCLAT)…
Browsing: insolvency proceedings
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…
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…
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…
Update: Expansion of the Jersey Insolvency Toolkit – Insolvency/Bankruptcy/Restructuring
Jersey: Update: Expansion of Jersey Insolvency Toolkit To print this…
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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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…
Speedy Liquidation Should Be Preferred Over Unproductive, Lengthy Resolution Proceedings, Says NCLAT
The National Company Law Appeals Tribunal (NCLAT) has upheld a winding-up order for debt-ridden Siva…
Reform of Spanish insolvency law
At the end of 2021, the Spanish government approved a draft reform of Spanish insolvency…
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…
Liability of the personal guarantor of the debtor company vis-à-vis the insolvency and bankruptcy code
In accordance with article 128 of theIndian Contracts Act, 1872, the liability of a guarantor…
Sintex Industries lenders plan Swiss auction to avoid liquidation
SA lenders can hold a Swiss challenge auction or an inter-se tender if candidates for…
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…
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…
PRC Court Issues First Recognition Order Under New Hong Kong-PRC Insolvency Scheme | Hogan Lovells
In a landmark decision, the Shenzhen Intermediate People’s Court (Shenzhen Court) ordered the formal recognition…
PRC court issues first recognition order under new Hong Kong insolvency agreement – PRC
In a landmark ruling, the Shenzhen Intermediate People’s Court (Shenzhen Court) ordered the formal recognition…
Modified Universalism: An Analysis of the Jersey Royal Court Decision – Insolvency/Bankruptcy/Restructuring
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Application of the insolvency code to the electricity distribution sector
Recently, the Union Energy Ministry claimed that state-owned electricity distribution companies (discoms) fall under the…
Restructuring and insolvency of struggling businesses in Japan during COVID-19
Introduction Since the start of the COVID-19 pandemic, as in many other countries around the…
The ambiguity over the jurisdiction of NCLT and DRT under IBC – Insolvency / Bankruptcy / Restructuring
To print this article, simply register or connect to Mondaq.com. The problem of non-performing assets…
Monthly Update on Restructuring and Insolvency | December 2021 – Insolvency / Bankruptcy / Restructuring
India: Monthly Update on Restructuring and Insolvency | december 2021 23 December 2021 HSA lawyers…
Insolvency – Bermuda: Law and Practice – Insolvency / Bankruptcy / Restructuring
1. STATE OF THE MARKET IN RESTRUCTURING 1.1 Market trends and changes Bermuda’s restructuring market…
Cross-Border Insolvency and Dispute Resolution Keepwell: Nuoxi Capital Ltd v Peking University Founder Group Co Ltd
In Nuoxi Capital Ltd v Founding Group of Peking University Co Ltd [2021] HKCFI 3817,…
Applicability of Insolvency Laws to Personal Guarantors
INTRODUCTION Apex Court on May 21, 2021 at Lalit Kumar Jain V. Union of India…
Limitation of the powers of the National Company Law Court – Insolvency and Bankruptcy Code, 2016
introduction National Tribunal for Company Law (“NCLT”) was introduced in the Companies Act 1956 in…
At a glance: the liquidation and reorganization processes in the British Virgin Islands
Types of liquidation and reorganization processesVoluntary liquidationsWhat are the conditions for a debtor to initiate…
NCLT admits RBI’s plea in insolvency proceedings against Reliance Capital
The National Company Law Tribunal (NCLT) on Monday admitted the Reserve Bank’s plea to initiate…
RBI Opens Insolvency Proceedings Against Reliance Cap at NCLT, Mumbai
The Reserve Bank of India on Thursday filed an application to initiate insolvency proceedings against…
How can insolvency affect pending arbitration proceedings?
Keith Tully, Partner at Real Business Rescue, shares his knowledge of the ripple effect of…
The insolvency of Reliance Capital and the domino effect on its subsidiaries
Lenders have already tried to finalize a resolution plan for two large non-bank lenders under…
More time allowed for the insolvency process of Vasan Health Care Ltd.
The National Company Law Appeals Tribunal (NCLAT), Chennai, allowed an appeal filed by the creditors…
Srei creditors may consider joint insolvency proceedings
Consolidated insolvency proceedings may generate more interest among potential bidders than sole proprietorships A staff…
Portugal changes insolvency path with recovery plan
Since March 2020, the Covid-19 pandemic has led to the taking of several political decisions…
Plot twist: many FCA / PRA opinions are ultimately not subject to suspension of liquidation
The FCA and PRA must have heaved a sigh of relief last week when news…
Scottish insolvency figures rise in third quarter
The number of business bankruptcies in Scotland increased by 80.3% between July and September of…
Liquidation work in progress for the companies Vijay Mallya, Nirav Modi
Even though insolvency proceedings against liquor baron Vijay Mallya and diamond dealer Nirav Modi continue…
Prof Prem Sikka: Britain’s insolvency industry is corrupt and reform is long overdue
“The insolvency industry is the ‘Wild West’ of our time” Prem Sikka is Emeritus Professor…
More and more companies are opting for insolvency
The number of companies choosing to go into liquidation has reached its highest level since…
NCLT admits insolvency pleas against 2 companies of the Srei group and appoints a director
The NCLT on Friday admitted insolvency claims brought by banking regulator RBI against two companies…
NCLT admits NBFCs from SREI group for insolvency
The Kolkata formation of the National Company Law Tribunal admitted non-bank lenders from the SREI…
Cross-border insolvency – First recognition of reorganization proceedings in the PRC by the Hong Kong court
HNA Group Co., Limited (under reorganization in Mainland China) [2021] HKCFI 2897 (Decision date: September…
RBI replaces boards of directors of Srei companies, to initiate insolvency proceedings soon
The Reserve Bank of India (RBI) replaced the boards of directors of Srei Infrastructure Finance…
RBI Replaces Boards of Directors of SREI Companies, Considering Insolvency Proceedings
The Reserve Bank of India (RBI) replaced the boards of directors of Srei Infrastructure Finance…
After the implementation of the European restructuring directive, is France still in favor of debtors? – Insolvency / Bankruptcy / Restructuring
To print this article, simply register or connect to Mondaq.com. On September 15, 2021, a…
Manage parallel insolvency proceedings in different jurisdictions?
When creditors try to collect debt from a troubled business in different jurisdictions, they incur…
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…
Bankruptcy Commission tightens noose around IBC liquidation process
In June of this year, 4,541 troubled companies were taken to bankruptcy courts. Of this…
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…
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,…
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…
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…