abp LIVE4h
Insolvency And Bankruptcy Code Could Be A Double-Edged Sword For Corporate Restructuring, Recovery. Here’s How
The IBC has the potential to strengthen India's economic fabric, but its misuse as a tool for corporate vengeance risks ...
Cos can look at voluntary insolvency process to increase productivity, maximise value: IBBI chief
IBBI Chief Ravi Mital highlights the need for companies in India to utilize the insolvency law more effectively, encouraging ...
Northvolt Lawyers Threaten to Sue Some Creditors, DI Reports (1)
Northvolt AB’s appointed bankruptcy lawyers in the US have sent a letter to creditors in Sweden threatening legal action if they don’t return to the company funds seized by the country’s Enforcement ...
Tax Guru7h
CoC’s Approval of Resolution Plan Not Reviewable unless Statutory Violations Occur
The CIRP for Jason Dekor commenced on December 19, 2019, and initially, the CoC decided to seek liquidation due to the absence of a viable Resolution Plan. However, after a legal challenge and a ...
money.rediff8h
IBBI Strengthens Insolvency Law with New Information Utility Rules
The Insolvency and Bankruptcy Board of India (IBBI) has amended rules for information utilities to enhance identity verification and streamline the authentication process for financial default records ...
Law Firms Have 185 Billion Reasons to Chase Secondaries Market
Law firms are a follow-the-money business. And if secondaries continue to attract more capital, driving law firm ...
Bar & Bench15h
IBC resolution plans involving combinations must be approved by CCI before CoC stage: Supreme Court
The Supreme Court, by a 2:1 majority, has held that Competition Commission of India (CCI) approval for corporate insolvency ...
Clayton Utz19h
Revisiting the Model Law recognition of a Chapter 11 bankruptcy in Australia
Exactech Australia Pty Ltd not subject to any insolvency process, is also a defendant to the Australian class action. On 29 October 2024, Exactech and four other companies within the Exactech Group ...