Even as the amendments to be Insolvency and Bankruptcy Code (IBC) are getting delayed, the Insolvency and Bankruptcy Board of India (IBBI) has made a slew of regulatory changes in the past 18 months to enhance the efficiency of the resolution process. “Until amendments to the IBC are carried out, it’s only logical for the…
Print companies Acorn Press and MPD Offset had ceased trading on Friday, January 31, less than six months on from the two companies completing a merger. As of 27 February, Huw Powell and Andrew Hook of insolvency practitioners Begbies Traynor have been appointed as joint liquidators for both companies, according to filings at The Gazette.…
Texas gun company goes bankrupt two years after launch as firearm users bemoan ‘gunfluencers’ MSN Read the original article here
The National Company Law Tribunal, Mumbai bench comprising Prabhat Kumar (Technical Member) and Justice V. G. Bisht (Judicial Member) have held that any payments made from the Corporate Debtor’s account after the commencement of the Corporate Insolvency Resolution Process (CIRP) without the Interim Resolution Professional’s (IRP) approval are in contravention of the moratorium under Section…
IBC Weekly Round Up [24th February – 2nd March 2025] Live Law – Indian Legal News Read the original article here