The Supreme Court on Friday upheld the constitutional validity of the Insolvency and Bankruptcy Code (IBC) in its entirety.The ruling by a bench headed by justice Rohinton F. Nariman is a setback to operational creditors,such as suppliers and contractors, who wanted to be treated on a par with secured creditors, who have the first claim…
With State Bank of India (SBI) putting its entire loan exposure in Essar Steel the company involved in one of the largest insolvency cases on the block, one message thats come through loud and clear is of a loss of confidence in the Insolvency and Bankruptcy Code (IBC). The move was just the cue…
An amendment in the Insolvency and Bankruptcy Code (IBC) last year to insert Section 12A which allowed withdrawal of cases admitted to the National Company Law Tribunal (NCLT) has slowly begun to make an impact. At the end of December 2018, two years after the IBC came into effect, 586 cases have been…
Kansas City advertising icon Bob Bernstein now has the inside track to buy several Beauty Brands stores out of the companys bankruptcy estate, court filings show. If successful, Bernstein will be back in control of the salon and spa retailer that he founded in 1995. … Read the full article at: https://www.kansascity.com/news/business/article224949830.html
This press release was orginally distributed by SBWire Dallas, TX — (SBWIRE) — 01/26/2019 — Global Debt Consolidation Market 2018-2023:The growing demand for Global Debt Consolidation Market has provided a major boost to the Global Debt Consolidation Market as more people are shifting their preferences to this growing sector. The market is expected to keep…