Test case on debt-for-equity personal insolvency arrangements struck out on technicality – Irish Legal News

Bankruptcy

Published 27 May 2019 A High Court test case which would have significantly clarified the law around debt-for-equity personal insolvency arrangements has been struck out on a technicality. The case was brought by Start Mortgages against a personal insolvency arrangement approved in Trim Circuit Court, which saw a mans mortgage written down from almost…

Global Debt Settlement Market Profitable Strategy 2019 National Debt Relief, Freedom Debt Relief, New Era Debt Solutions, Guardian Debt Relief, Pacific Debt Inc. The Edge – The Edge

Debt Help

The GlobalDebt SettlementMarket report value has been estimated considering the application and regional segments, market share, and size, while the forecast for each product type and application segment has been provided for the global markets. The Debt Settlement report offers detailed profiles of the key players to bring out a clear view of…

NCLT dismisses ICICI Bank insolvency plea against Hyderabad Ring Road Projects – Business Today

Liquidation

The National Company Law Tribunal (NCLT) has dismissed an insolvency plea filed by ICICI Bank against Hyderabad Ring Road Projects, observing that there was “duplicacy of the claims” of the private lender. A two-member bench headed by President Justice M M Kumar said ICICI Bank has already raised the similar claims against its corporate guarantor…

Five Reasons IBC Is Less Effective Than It Could Be – BloombergQuint

Liquidation

Three years ago, the government passed a consolidated framework for insolvency and bankruptcy. The objectives of the code were clearresolution of corporate entities, partnership firms and individuals in a time-bound manner for: Maximisation of value of assets. Promoting entrepreneurship, availability of credit. Balancing the interests of all stakeholders. But 30 months and 1,858 cases later,…