Thank you for reading this post, don’t forget to subscribe! Vedanta has approached the Supreme Court seeking a stay on Adani Enterprises’ resolution plan for Jaiprakash Associates. The dispute centers on alleged lack of transparency and rejection of Vedanta’s revised bid in the insolvency process. Mining company Vedanta Limited has approached the Supreme Court seeking…
The Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, with 12 amendments. It introduces a creditor-driven insolvency process, stricter timelines, and new provisions for cross-border and group insolvency. The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 passed in the Lok Sabha on Monday. Featuring 12 amendments, the revised legislation introduces significant changes…
The company was due to receive $1.7m in funding by tomorrow. © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. Wellington-based car company Mevo has been placed into voluntary administration. It comes a month after the company raised close to $3.3m on the crowdfunding…
Lok Sabha clears IBC amendment Bill; centre accepts all panel recommendations Moneycontrol.com Read the original article here
Jack Mason directed eight companies that were used to move more than £12 million through unauthorised bank overdrafts in 2021 to companies controlled by his associates Scott Dylan and David Antrobus All three were handed prison sentences for breaching freezing orders connected to the overdrafts, with only Dylan having served his sentence so far Mason,…
New Delhi: 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 Nirmala Sitharaman said that the government has…
The Lok Sabha on Monday cleared the Insolvency and Bankruptcy Code (Amendment) Bill, paving the way for a shift from the the previous barely used fast-track resolution mechanism to a new framework that allows creditors to trigger insolvency proceedings. Finance Minister Nirmala Sitharaman said the Insolvency and Bankruptcy Code (IBC) has played a key role…
Lok Sabha passes Bill to amend Insolvency and Bankruptcy Code; FM assures ‘interests of workmen are not compromised’ livemint.com Read the original article here
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ANI | Updated: Mar 30, 2026 14:28 IST New Delhi [India], March 30 (ANI): The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 passed in the Lok Sabha on Monday. Featuring 12 amendments, the revised legislation introduces significant changes to India’s insolvency resolution framework, including new creditor-driven mechanisms, stricter timelines, and provisions for cross-border and group…