Understanding the 2026 changes for RPs, Creditors, Resolution Applicants and Other Insolvency Professionals The Insolvency and Bankruptcy Code, 2016 has entered another important phase of development with the Insolvency and Bankruptcy Code (Amendment) Act, 2026 . The amendments seek to address several practical issues that have emerged during the implementation of the…
New Delhi: The National Company Law Appellate Tribunal (NCLAT) has upheld an order passed by the NCLT, directing insolvency proceedings against a personal guarantor of Mumbai-based Nyka Steel. A two-member bench of the appellate tribunal upheld a February 3, 2026 order of the National Company Law Tribunal (NCLT), Mumbai, which had admitted UCO Bank‘s plea…
Seaport Says City of Dreams Manila Sale Could Help Melco Reduce Debt iGamingToday.com Read the original article here
The Federal Court has ruled against the shadow director of a collapsed formwork company, while finding the business attempted to leave behind millions of dollars in tax debts through a phoenixing scheme. Those findings open the door for liquidators to claw back more than $9 million that allegedly passed through the business in “uncommercial” transactions.…
Insolvency & Bankruptcy Board of India (IBBI) has floated a paper to prevent misuse of insolvency law. NEW DELHI: The Insolvency & Bankruptcy Board of India (IBBI) has floated a paper to prevent misuse of insolvency law to settle debt or avoid liability or consolidate companies without regulatory scrutiny. It has highlighted red flags that…
Teenager Arrested for Burglarizing Unmanned Stores: “I Did It to Pay Off Online Gambling Debts” 아시아경제 Read the original article here
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Discovery Corporate and Employee Benefits has launched Debt Reset, an innovative retirement fund benefit designed to help employees redirect retirement contributions towards debt repayment for a limited period and subsequently receive a retirement Boost that helps restore their long-term retirement trajectory. Effectively reducing short-term unsecured debt while protecting their long-term financial future. For many South…
Prosecutors sell remaining crypto from bankrupt trading site Knaken for €2.2 million | NL Times Skip to main content Read the original article here
Manolete Partners PLC (AIM: MANO), the UK’s foremost insolvency claims financing firm, has confirmed the receipt of a £3.425 million settlement in July 2026 following the successful resolution of a significant insolvency case. This settlement was achieved after High Court proceedings initiated by Manolete, which had acquired and financed a complex insolvency claim. The company’s…