The Insolvency and Bankruptcy Board of India (IBBI) has made it mandatory for the resolution professionals (RPs) to formally inform the committee of creditors (CoC) about any fraudulent or avoidance transactions carried out by a company prior to its bankruptcy. The amendments are aimed at improving the transparency, and the treatment of “avoidance transactions” in…
IBBI Notifies Amendments To Simplify Corporate Insolvency Procedures MSN Read the original article here
Personal Guarantor’s Liability Can’t Exceed Contractual Limit: NCLT Kochi Dismisses Petitions U/S 95 IBC… Live Law Read the original article here
Student loan borrowers navigate new landscape as options dwindle under Trump The Hill Read the original article here
‘Corporate Insolvency: Road to Viksit Bharat’: Sumant Batra’s Visionary Book Charts India’s Economic Reforms Through Lens Of IBC BW Legal World Read the original article here
The National Company Law Tribunal, Mumbai, comprising Justice V.G. Bisht (Retd.) and Prabhat Kumar (Member – Technical), examined if a petition u/s 7 of the IBC could be admitted when the amount claimed in the petition is subsequently offered by the corporate debtor through a demand draft. The bench dismissed the petition and observed that…
Twelve years. That was the period for which Bernard Morrin, former director of Intensive Community Programmes Limited, was disqualified by the High Court earlier this year — one of the lengthiest bans imposed on an Irish company director in recent times. The case began, on the surface, like many others: a service provider…
FIBES Conference and Exhibition Centre, Seville The President of the Government of Spain, Pedro Sánchez, during his speech at the event “Forging a Common Agenda to Achieve Debt Sustainability in Developing Countries” (Pool Moncloa/Borja Puig de la Bellacasa) The President of the Government of Spain, Pedro Sánchez, today advocated a…
NCLAT holds Investment Under Reseller Agreement Lacks ‘Financial Debt’ Ingredients and Dismisses S. 7 Plea as Abuse of CIRP Process Taxscan Read the original article here
Student loan borrowers have been on a wild ride over the past few years. The onetime dream of widespread debt forgiveness has been extinguished, and a five-year reprieve for people who had defaulted on student loans expired in May of this year. This summer, the Trump administration will garnish the wages, tax refunds, and federal…