Past employees, service providers now under IBC law ambit – Banking & Finance News

Former employees and entities rendering services to a company that is undergoing insolvency process will be obligated to share information with the resolution professionals, as per the Insolvency and Bankruptcy Code (IBC) amendments approved by Parliament recently. Earlier, RPs could seek information only from the existing “personnel” during the corporate insolvency resolution process (CIRP). But…

Owner vanishes after Dutch transport bankruptcy

Tp Oversize Transport en Logistics BV from Duiven, operating in the heavy transport industry, was declared insolvent on August 6, 2025. Since then, both the owner and his vehicles have disappeared, likely beyond the country’s borders. The situation raises questions about responsibility towards leasing companies and the potential legal nature of the case. According to…