Project-wise insolvency in real estate may get statutory backing in new IBC draft bill – Moneycontrol
Project-wise insolvency in real estate may get statutory backing in new IBC draft bill Moneycontrol Read the original article here
Debt relief scheme ‘completely forgets’ customers who cannot repay – Utility Week
Debt relief scheme ‘completely forgets’ customers who cannot repay Utility Week Read the original article here
NCLT Rejects Section 10A Bar as Default Occurred Pre-COVID and Imposes Moratorium [Read Order]
The Mumbai bench of the National Company Law Tribunal (NCLT) admitted the Section 7 Insolvency and Bankruptcy Code,2016 (“I&B Code”) petition filed by the petitioner for Rs 6.49 crore, holding that the default occurred before the COVID-19 moratorium. The Tribunal rejected the limitation and Section 10A objections and appointed Mr Santanu T. Ray as Interim…
Harvey declaring financial distress under $164M debt
Harvey is seeking state aid under Illinois’ Financially Distressed City Law, but without pension reform, state oversight offers little hope to fix its $164M crisis. Last week, the city of Harvey unanimously approved the first step toward seeking state aid under Illinois’ Financially Distressed City Law. This decision comes after years of financial distress…
Global insolvencies to peak in 2026 amid trade shifts – Allianz – Insurance Business America
Global insolvencies to peak in 2026 amid trade shifts – Allianz Insurance Business America Read the original article here
Rescheduling & Restructuring – How Could Cannabis Rescheduling Affect Bankruptcy Availability? –
Seyfarth Shaw LLP are most popular: within Compliance, Government, Public Sector and Consumer Protection topic(s) with readers working within the Business & Consumer Services and Construction & Engineering industries Discussions about the possibility of cannabis rescheduling have continued on and off for years, with recent reporting suggesting that the administration is again…
Select Committee on Insolvency and Bankruptcy Code Amendment Bill invites suggestions
ANI | Updated: Oct 21, 2025 20:08 IST New Delhi [India], October 21 (ANI): The Select Committee on Insolvency and Bankruptcy Code (Amendment) Bill, 2025, headed by MP Baijayant Panda, has invited views and suggestions on the Bill from experts, industry associations, organisations, and stakeholders, according to an official statement. People can send their memoranda…
Rex Airlines is bought by US company in surprise deal – what it could mean for flight prices
By JACK GRAMENZ FOR AUSTRALIAN ASSOCIATED PRESS and CAITLIN POWELL – NEWS REPORTER Published: 00:48 AEDT, 22 October 2025 | Updated: 01:02 AEDT, 22 October 2025 Regional airline Rex has a US buyer, administrators have confirmed more than a year after the airline entered voluntary administration. An announcement on Tuesday evening revealed Air T – which…