The tabling of the Bill to amend the Insolvency and Bankruptcy Code (IBC) in the upcoming monsoon session of Parliament now looks uncertain, given that “there has been no consultations with stakeholders till date on the draft Bill,” according to an official source. The ministry of corporate affairs has not yet prepared the final Bill,…
With the government last month announcing that the Parliamentary Joint Committee on Corporations and Financial Services would begin an inquiry into corporate insolvency in Australia, iNO sought the views of stakeholders and interested experts on the Inquiry’s Terms of Reference. “At a higher level of policy, I think the inquiry is an opportunity to revisit…
The troubled joint venture between Stellantis and China’s Guangzhou Automobile Group, GAC Fiat Chrysler Automobiles, has officially been declared bankrupt, the company confirmed on Tuesday. In a social media post, the joint venture shared images of a bankruptcy ruling issued by a court in Hunan province, formally marking the end of the business, which has…
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