The insolvency law committee (ILC) that recently came out with recommendations on cross border insolvency essentially based on the UNCITRAL Model Law has proposed a presumption of default trigger to start insolvency proceedings in India. This, if the insolvency proceedings in the corporate debtors COMI (centre of main interest) has been recognised in India. Under…
Dear Sir / Madam, We would like to inform you that 6th meeting of Committee of Creditors of Sterling Biotech Limited was held on Monday, 29th October 2018 at 12.00 noon IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India. You are requested to take the same on…
The Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the September quarter 2018. The numbers of new debtors decreased in the capital cities in the September quarter 2018 compared to the June quarter 2018. The number of new debtors in the Australian Capital Territory decreased. September quarter 2018 regional personal insolvencies state…