Trump Dangles $50,000 Bonuses, Debt Relief in ICE Staffing Push – Bloomberg
Trump Dangles $50,000 Bonuses, Debt Relief in ICE Staffing Push Bloomberg Read the original article here
UK Insolvency Service: new broader role to fight economic crime – Taylor Wessing
UK Insolvency Service: new broader role to fight economic crime Taylor Wessing Read the original article here
UK tech retailer ebuyer may soon enter liquidation
If you’ve purchased components or a computer in the UK in the last twenty-five-plus years, chances are you’ve bought something from ebuyer in that time. Unfortunately, it seems this familiar and trusted retailer may be closing for business. Overclock3D reports that ebuyer sent staff members home earlier than usual on August 6, suspecting closure. The…
Financial Creditor Can File Plea U/S 7 Of IBC If Actionable Rights Under Guarantee Are Preserved In Approved Resolution Plan: NCLT New Delhi
The National Company Law Tribunal (NCLT), New Delhi Bench of Shri Manni Sankariah Shanmuga Sundaram (Hon’ble Member Judicial) and Shri Atul Chaturvedi (Hon’ble Member Technical) has held that Financial Creditors can proceed against Personal Guarantors even after the approval of the Resolution Plan, if actionable rights under the guarantee are preserved. The present petition has…
Grants up to ₹1.5 Lakh for IBC, Insolvency, SARFAESI & Related Laws
The Insolvency Professional Agency of the Institute of Cost Accountants of India ( ICMAI ) has launched the ‘Research Project Scheme 2025’, inviting research proposals to enhance the knowledge database of key dimensions of India’s insolvency and bankruptcy ecosystem. With grants of up to ₹1.5 lakh per project, the initiative aims to encourage original research…
England: Six-year directorship ban for construction boss
A Staffordshire businessman who sold seven historic cars, including two Jaguars and three Rolls-Royces, for just £1 to another company he also controlled has been banned as a director. Kulbarg Singh, 62, was the director of Aldridge Construction Engineering Ltd when he entered into an asset purchase agreement with Ace Earth Solutions Ltd in 2021.…
JAL insolvency: CCI clears Dalmia Bharat’s bid to acquire Jaiprakash Associates; other bidders include Adani, Vedanta, Jindal Power
The Competition Commission of India (CCI) has approved Dalmia Bharat’s proposal to fully acquire the debt-laden Jaiprakash Associates Ltd (JAL), clearing a key hurdle in the latter’s ongoing insolvency process.The green light from the antitrust regulator allows Dalmia Cement (Bharat) Ltd, a wholly owned subsidiary of Dalmia Bharat Ltd, to submit its resolution plan for…
Supreme Court upholds NCLT’s decision [Read Judgement]
The Supreme Court upheld the ruling of National Company Law Tribunal ( NCLT) that The Insolvency and Bankruptcy Code, 2016 (IBC) moratorium does not prevent the corporate debtor from voluntarily turning over leased property to the lessors if doing so is deemed unfeasible and endorsed by the Committee of Creditors (“CoC”). Sincere Securities Private Limited…
Yes Bank withdraws insolvency allegations against Zee Learn
Yes Bank has withdrawn its appeal before the Supreme Court regarding the insolvency allegations against Essel Group’s Zee Learn on August 6. The bank had claimed a default of ₹468.99 crore against the company in 2023. On Tuesday, Yes Bank said it wanted to drop the court proceedings on the matter. “The Counsel for the…
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