Brazil's Raizen secures creditor support for $12.5 billion debt deal – Reuters
Brazil’s Raizen secures creditor support for $12.5 billion debt deal Reuters Read the original article here
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Tenant’s Continued Occupation Cannot Defeat CIRP; NCLT Mumbai Orders Handover Of Corporate Debtor’s Property
The National Company Law Tribunal (NCLT) in Mumbai has recently held that a tenant’s continued occupation of a corporate debtor’s property after expiry of its arrangement cannot defeat the objectives of the corporate insolvency resolution process (CIRP) or obstruct implementation of an approved resolution plan. The tribunal directed Countertops and Cabinets (India) Pvt Ltd to…
Unexecuted Agreements Not Operational Debt u/s 9: NCLT Delhi Rejects Jiostar India’s Insolvency Plea in Legends League T20 Case – Taxscan
Unexecuted Agreements Not Operational Debt u/s 9: NCLT Delhi Rejects Jiostar India’s Insolvency Plea in Legends League T20 Case Taxscan Read the original article here
Block star Dave Franklin’s landscaping company chased over debt
Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA TV regular Dave Franklin’s luxury landscape and pools business is entering liquidation. The Melbourne-based but nationally known Franklin is used to seeing his name in the credits of hit shows he has appeared on, but…
5 ways IBC transformed India’s corporate rescue system over the past decade
AI generated representative image Ten years ago, India’s insolvency landscape was defined by stalled projects, endless litigation, weak recoveries and mounting bad loans. Companies remained trapped in legal limbo for years, banks struggled to recover dues, and distressed assets steadily lost value as cases moved through multiple forums.The Insolvency and Bankruptcy Code (IBC), enacted in…
More South Africans prioritise debt repayment and savings amid economic pressure – IOL
More South Africans prioritise debt repayment and savings amid economic pressure IOL Read the original article here
China cracks down on cross-border capital outflows, targets overseas brokers with $330M in fines
China just dropped the hammer on overseas brokers doing business on the mainland without a license. The China Securities Regulatory Commission, working alongside seven other government agencies, announced a coordinated crackdown on illegal cross-border securities trading on May 22. The trigger: an estimated $1 trillion in unauthorized capital left China in 2025. That’s the largest…
IBBI Requires Personal Guarantors to Disclose All Assets in Insolvency Cases [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) has notified significant amendments to the Insolvency Resolution Process for Personal Guarantors to Corporate Debtors Regulations, 2019, aimed at enhancing transparency and coordination in insolvency proceedings. Under the Insolvency and Bankruptcy Board of India (Amendment) Regulations, 2026, personal guarantors initiating insolvency must now file a comprehensive statement…
Glass manufacturer writes to Bira91 investors, warns of insolvency action over Rs 11 crore dues
Glass manufacturer Hindustan National Glass & Industries Ltd (HNGIL) has warned B9 Beverages, the company behind Bira91, that it could face insolvency proceedings if outstanding payments of about Rs 11 crore are not cleared. In a letter dated June 4 and addressed to investors in B9 Beverages reviewed by MoneyControl, HNGIL said it remained open…