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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Hanwha Solutions defends rights issue to cut debt, fund solar push in Korea-US – CHOSUNBIZ biz.chosun.com Read the original article here
Insolvency volumes stabilised in the first half of the financial year, but increased pressures on businesses have sparked fears that insolvencies could rise again this year, says Insolvency Australia. Insolvency rates for the first six months of the 2025–26 income year have been broadly flat, but Insolvency Australia has warned that the increased strain on…
New Delhi, March 30 (IANS) 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…
India’s banking sector is set for significant changes as lawmakers push for amendments to the Insolvency and Bankruptcy Code (IBC). Since its 2016 introduction, the IBC has been key to recovering bad loans (NPAs) and improving company oversight. The latest proposed changes aim to fix existing issues and align with international standards, but success will…
Suspended Director’s Writ Dismissed Despite Settlement Claim: Bombay HC Affirms IRP Sole Authority and Remitted Matter to NCLT [Read Order] Taxscan Read the original article here
The Lok Sabha on Monday passed the Insolvency and Bankruptcy Code (Amendment) Bill during the Parliament Budget Session. Finance Minister Nirmala Sitharaman replied to the discussion on the bill, which was sent back by the ‘Select Committee’. Sitharaman informed that the bill replaces the underutilised fast-track process, which was essentially a Corporate Insolvency Resolution Process…
Fitbit S’pore winds up after 11 years Mothership Read the original article here
Highlights Commonwealth Bank extends covenant waiver until June 2026 Company repaid $14.6 million in debt since June 2025 Share price declined amid financial uncertainty and investor caution Continued lender support signals short-term stability but underlying risks remain NTAW Holdings (ASX:NTD) has come under renewed investor scrutiny following an extension of…