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IAG today announced that Insurance Australia Limited (IAL) has agreed to a settlement of the proceedings brought by Greensill Bank AG and Dr Michael C. Frege in his capacity as Insolvency Administrator of Greensill Bank AG against IAL and other parties in the Federal Court of Australia (the Greensill Bank Proceedings). IAG said the settlement…
Udaipur Times, May 28, 2026: Central Government Updates New Delhi The Insolvency and Bankruptcy Code (IBC) which came into force in 2016 has completed 10 years of its existence today. A decade since its enactment, the Code has emerged not merely as a legislative reform, but as an institutional transformation with far-reaching implications for credit…
The Supreme Court referred to a larger bench key questions on whether insolvency moratorium provisions under the Insolvency and Bankruptcy Code can stay cheque bounce proceedings under the Negotiable Instruments Act, including cases involving company directors and compensation recovery during insolvency proceedings Published Date – 28 May 2026, 07:45 PM … Read…
The Insolvency and Bankruptcy Code (IBC), celebrating its tenth anniversary, has transformed India’s credit markets and economic efficiency. Introduced in 2016, the IBC has enabled the realization of over four lakh crore rupees for creditors, modernizing and uniting the previously fragmented insolvency framework. As of March 2026, the Ministry of Corporate Affairs reports 1,419 cases…
Restructuring Lawyer Kenneth P. Kansa Joins Steptoe’s Insolvency, Restructuring and Transactions Practice in Chicago Steptoe Read the original article here
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Stats SA has revised its liquidations data, revealing that business closures are escalating in the country at an alarming pace. The latest data on liquidations shows that 233 companies were shuttered in April 2026, down from 276 liquidations recorded in March. This is a significant revision from the previously reported March data, which tracked 146…
Recoveries under the Insolvency and Bankruptcy Code (IBC) have seen a significant decline in the fiscal year 2025-26, as outlined in a report by the ratings agency ICRA. A key issue has been the delay in resolution timelines, substantial haircuts for lenders, and an overwhelming number of liquidation cases. The recovery rate against admitted claims…