NCLAT modifies insolvency order against Vatika, limiting it to the Gurgaon-based Project Aspirations. Details on the CIRP process and debt. New Delhi, Mar 30 (PTI) Providing a partial relief to NCR-based realty firm Vatika, the NCLAT has confined the insolvency proceedings against it to a specific Gurgaon-based Project Aspirations. Modifying the order passed by the…
Lok Sabha clears Insolvency Reform Bill to accelerate resolutions, boost investor confidence The Statesman Read the original article here
Christians Against Poverty and Community Money Advice unite to tackle U.K. debt crisis christiandaily.com Read the original article here
SINGAPORE – Cotton On Asia is set to close, according to a notice published in the Government Gazette on March 30. In the notice, it stated that at a extraordinary general meeting held via a video teleconference call on March 25, liquidators from PwC Singapore were appointed to wind up the business. Checks on the…
Finance Minister Nirmala Sitharaman speaking in Lok Sabha during the Budget Session of Parliament, in New Delhi on Monday. | Photo Credit: ANI Finance Minister Nirmala Sitharaman on Monday (March 30, 2026) defended the Insolvency and Bankruptcy Code (IBC) in Parliament, citing the high level of realisations from the distressed assets, recovery for creditors, and…
A winding up of Interserve has taken a giant step forward following the resolution of a tax wrangle with Qatari authorities. Liquidators for Interserve plc, which collapsed in 2019, have now received the greenlight from Qatari officials to sell its shares in Al Binaa Contracting Company. Authorisation for their sale had eluded liquidators at EY…
Keppel Ltd. Completes Voluntary Liquidation of Dormant Subsidiary: What Investors Should Know Key Highlights Keppel Ltd. announced the completion of the member’s voluntary liquidation of its dormant subsidiary, Keppel Telecoms Pte Ltd. The company had previously made an announcement regarding the commencement of this voluntary liquidation on 27 January 2025. The liquidation process has now…
India proposes to let financial creditors trigger insolvency bypassing tribunal Reuters Read the original article here
By Nikunj Ohri NEW DELHI, March 30 (Reuters) – India has proposed an overhaul of its bankruptcy law, including allowing financial creditors to initiate insolvency proceedings and tightening deadlines, in a bid to speed up resolutions and promote ease of doing business. Resolutions of stressed assets in India have been delayed despite a mandated 330-day…
Lok Sabha approves Insolvency and Bankruptcy Code (Amendment) BillIANS The Lok Sabha on Monday approved the Insolvency and Bankruptcy Code (Amendment) Bill, aimed at speeding up insolvency proceedings to resolve cases related to defaulting companies. The Bill introduces a mandatory 14-day timeline for admitting insolvency applications once a company’s default has been established. Finance Minister…