The bankruptcy regulator on Thursday extended the timeline for insolvency professionals by three months through September 30 to file forms electronically for the monitoring of resolution processes involving guarantors who have offered personal surety for corporate debtors. The Insolvency and Bankruptcy Board of India (IBBI) had mandated the filing on its platform between March 31…
The bankruptcy regulator on Thursday extended the timeline for insolvency professionals by three months through September 30 to file forms electronically for the monitoring of resolution processes involving guarantors who have offered personal surety for corporate debtors. The Insolvency and Bankruptcy Board of India (IBBI) had mandated the filing on its platform between March 31…
The number of corporate insolvencies in Germany surged in the second quarter of 2026 to levels not seen in more than 20 years, according to new data from the Leibniz Institute for Economic Research Halle (IWH). In the April-to-June period, there were 4,996 insolvencies of partnerships and corporations. This represents a 9 per cent increase…
Access Denied You don’t have permission to access “http://www.business-standard.com/industry/news/settlement-talks-can-t-stall-insolvency-once-default-is-established-sc-126070901173_1.html” on this server. Reference #18.8ef23717.1783606097.1fe7541b https://errors.edgesuite.net/18.8ef23717.1783606097.1fe7541b Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…
OSAKA (TR) – Osaka City-based credit card payment processor Zentoshin Co. was forced into bankruptcy by the Osaka District Court on July 6, burdened by a staggering 125.9 billion yen in debt following a massive contract fraud scandal. The collapse marks the largest bankruptcy of the fiscal year and threatens to drag countless local businesses…
SC Upholds Rejection Of Rs 85 Crore Insolvency Plea Against Essar Power Gujarat BW Businessworld Read the original article here
Market snapshot: BPL Limited has secured a massive legal victory as the National Company Law Tribunal (NCLT) Kochi bench dismissed a ₹1,323 crore insolvency plea filed by Morgan Securities and Credits Private Limited. The tribunal ruled that the Insolvency and Bankruptcy Code (IBC) cannot be misused as a parallel recovery tool for arbitral awards, especially…
Your browser does not support the audio element. The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, comprising Justice N. Seshasayee (Judicial Member) and Arun Baroka (Technical Member), has observed that the Insolvency and Bankruptcy Code, 2016 is intended to maximise value through a time-bound resolution process and cannot permit indefinite delays…
Koko Networks, once heralded as the crown jewel of Africa’s clean-cooking transition, has officially entered insolvency management, laying off over 700 employees and leaving approximately 1.5 million Kenyan households without their primary source of cooking fuel. The catastrophic collapse exposes the profound fragility of climate-tech ventures that rely exclusively on complex global carbon finance models.…