Insolvency and Bankruptcy Code: A legislation to promote investments, develop … – The Indian Express

By: ENS Economic Bureau | Published:December 22, 2015 1:40 am iquidation of companies is handled by the high courts, individual cases are dealt with under the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920. The government on Monday introduced in Parliament the Insolvency and Bankruptcy Code, 2015 that provides for resolution of insolvency…

Former Owner of Cherkizovsky Market Ismailov Declared Bankrupt – The Moscow Times (registration)

Telman Ismailov, the founder of the now-liquidated Cherkizovsky market and the owner of AST Group, has been declared bankrupt, according to a document published on the courts website Monday. The bankruptcy petition was filed with the Moscow Region Arbitration Court by Ismailov’s creditor, Boris Zubkov, on Nov. 23, according to the courts records. Earlier…

Former Owner of Cherkizovsky Market Ismailov Declared Bankrupt – The Moscow Times (registration)

Telman Ismailov, the founder of the now-liquidated Cherkizovsky market and the owner of AST Group, has been declared bankrupt, according to a document published on the courts website Monday. The bankruptcy petition was filed with the Moscow Region Arbitration Court by Ismailov’s creditor, Boris Zubkov, on Nov. 23, according to the courts records. Earlier…

Directors eye a safe harbour in troubled waters – Business Spectator

In the flurry of excitement over the innovation statement earlier this month, proposed changes to insolvency laws scored almost no attention. Yet they will dramatically change the landscape for both large and small companies in financial difficulty. By cherrypicking elements of Chapter 11 laws while avoiding hugely expensive bankruptcy court based resolutions, the Australian rules…