New Delhi: The Lok Sabha on Monday passed a bill to amend the insolvency law to provide for strict timelines, an out-of-court settlement option and enable the framework for cross-border insolvency processes. Piloting the bill in the Lok Sabha, Finance and Corporate Affairs Minister Nirmala Sitharaman said that 12 amendments are being made in the…
If you are working to repair your credit or getting out of debt, the Better Business Bureau warns there are many pitfalls to watch out for. What is the difference between credit counseling, debt relief, debt consolidation and credit repair? All are options, but a BBB investigator says… Read the original article here
Lion Homes, which was Norwich City Council’s social and affordable housing arm, has appointed liquidators after City Hall agreed to close and liquidate the company last year. Accounts show the firm made £5 million in losses in five years, while homes in one development it built were sold for less than what they cost to…
Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aiming to cut delays and strengthen creditor rights MSN Read the original article here
Related-party creditors of insolvent firms should be asked to show that the credit extended was not actually equity in disguise – M. S. SAHOO & DHANYA JHA Should insiders that lend to their own companies stand in the same queue as arm’s-length creditors in insolvency? The answer, at least in liquidation, is largely ‘yes’ under the…
Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aiming to cut delays and strengthen creditor rights The Statesman Read the original article here
Sri Lanka wins Commonwealth award for debt management EconomyNext Read the original article here
IBC crucial player in improving India’s banking sector, says Sitharaman in LS The Statesman Read the original article here
“A security deposit remains the property of the entity making the deposit until a valid adjustment is made; once the moratorium under Section 14 IBC kicks in, the recovery of pre-CIRP dues must concede to the procedure envisaged in the IBC.” Supreme Court of India. Supreme Court, in a significant ruling, held that an operational…
The Lok Sabha on Monday (March 30, 2026) passed a Bill to amend the insolvency law to provide for strict timelines, an out-of-court settlement option and enable the framework for cross-border insolvency processes. Piloting the bill in the Lok Sabha, Finance and Corporate Affairs Minister Nirmala Sitharaman said that 12 amendments are being made in…