Why in News? Parliament passed Insolvency and Bankruptcy Code (Amendment) Act, 2026. About Insolvency and Bankruptcy Code, 2016 It was enacted to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner. Insolvency is a situation where individuals or companies are unable to repay their…
KUSCCO has officially been placed under liquidation. The union faces a Ksh11.6 billion financial deficit. Three officials will oversee the liquidation. KUSCCO has been placed under liquidation via Gazette Notice No. 13997, after members resolved to dissolve the union amid a Ksh 11.6 billion deficit. The Kenya Union of Savings and Credit Co-operative Societies (KUSCCO)…
Nearly Half of IBC Cases End in Over 80% Haircuts: Govt Data Shows outlookbusiness.com Read the original article here
Vikram Solar says NCLAT stays insolvency proceedings against company Moneycontrol.com Read the original article here
Corporate Stress Remains Benign Despite IBC Delays And Deep Haircuts: Kotak businessworld.in Read the original article here
Thursday, September 3, 2026 Interim Minister of Economy, Digitalisation, Entrepreneurship and Tourism Irineu Darau says that Petrotel Lukoil’s insolvency is “a crossroads” which, over time, may lead to many different solutions, but acknowledges that it could also lead to negative scenarios. “I also believe that, in certain situations, insolvency may be the only solution. Insolvency…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
SUPREME COURT IBC Moratorium Applies Only To Corporate Debtor, Not Directors Or Promoters: Supreme Court Case Title : TEJAS J.SHAH & AMISHA T. SHAH & ORS VERSUS MANTRI TECHNOLOGY CONSTELLATIONS PVT.LTD. Case Number : CIVIL APPEAL NOS.4289-4290 OF 2025 CITATION : 2026 LLBiz SC 248 The Supreme Court on Monday held that the moratorium under…
The Bucharest Tribunal will examine on September 8 the new insolvency petition filed by the Bucharest Transport Company Informat.ro Read the original article here
JUNEAU — A Wisconsin family is trying to recover $55,000 in life savings after Rosland Capital, the precious metals company holding their money, filed for Chapter 11 bankruptcy. The case is drawing a broader warning from the Better Business Bureau about the risks of investing in gold and silver. Kathy Staffeil says her 79-year-old sister,…