The Economic Survey 2024-25 lavished praise on the Insolvency and Bankruptcy Code (IBC) for transforming the behaviour of distressed companies, highlighting that the law has acted as a deterrent, encouraging many firms to resolve their financial distress early in order to avoid the consequences of a resolution process. The survey notes, “Thousands of debtors are…
Jakarta (ANTARA) – The debt cancellation program for micro, small, and medium enterprises (MSMEs) has begun implementation in Indonesia, a minister said on Friday. “The data collection is being completed. We are already underway with the debt cancellation process,” Minister of MSMEs Maman Abdurrahman remarked. He explained that data collection has been carried out on…
What now for Byju’s? Insolvency process faces fresh hurdles after NCLT order MSN Read the original article here
Go First acquisition: NCLAT asks Busy Bee Airways to negotiate deal with lenders Mint Read the original article here
Israeli cybersecurity firm files for insolvency over debt Tech in Asia Read the original article here
A LARGE industrial site previously owned by a long-running coach-building business near Colchester has hit the market for £8.5million. Centre Park, a warehouse site, in Main Road, Frating, has been listed on Rightmove for £8,500,000 by property firm Fenn Wright. The site is roughly the size of three football pitches, with almost 56,000 sq ft of…
Tisha ThompsonJan 30, 2025, 10:18 PM ET Close Tisha Thompson is an investigative reporter for ESPN based in Washington, D.C. Her work appears on all platforms, both domestically and internationally. Federal prosecutors disputed claims by Shohei Ohtani‘s former interpreter that he stole from the slugger to pay back massive gambling debts, saying there was no…
What now for Byju’s? Insolvency process faces fresh hurdles after NCLT order MSN Read the original article here
IBBI chief Ravi Mital on Thursday said companies in India have not learnt how to use the insolvency law and pitched for efforts to ensure that more companies opt for the voluntary resolution process to increase productivity. The Insolvency and Bankruptcy Code (IBC), which provides for a market-linked and time-bound resolution of stressed assets, came…
Mumbai: A diverse group of companies including Adani Ports and Special Economic Zone, JSW Infrastructure, Horizon Industrial Parks and Transindia Real Estate Ltd have shown interest in acquiring listed supply chain and logistics infrastructure firm Arshiya Ltd, which is undergoing a corporate insolvency resolution process.Investors such as Authum Investment & Infrastructure Ltd, Dickey Alternative Investment…