Business Arrangement Involving Joint Profit-Sharing, Exclusive Supply Agreement Does Not Establish Creditor-Debtor Relationship Under IBC: NCLT

Bankruptcy

The National Company Law Tribunal (NCLT), Delhi, has held that a petitioner cannot initiate the Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) if the business arrangement between the parties involves joint participation and profit-sharing rather than a straightforward operational debt. The Tribunal ruled that such an…

Increase in Business Insolvencies in Austria Amid Economic Challenges – Vindobona.org

Bankruptcy

Companies › Other Published: February 9, 2025; 18:20 (Vindobona) Austria’s business landscape saw a challenging year in 2024, with a significant increase in corporate insolvencies driven by economic factors such as rising inflation, recession, and the end of pandemic-related support. While businesses struggled, a notable rise in new company formations offered a mixed picture. In…

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Debt Help

Access Denied You don’t have permission to access “http://www.businesswire.com/news/home/20250210519690/en/Comvest-Credit-Partners-Provides-Debt-Financing-to-Support-Merger-of-Opexus-and-Casepoint-and-Majority-Investment-from-Thoma-Bravo” on this server. Reference #18.84f23717.1739232522.19dcba9c https://errors.edgesuite.net/18.84f23717.1739232522.19dcba9c Read the original article here