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India Plans New Insolvency Rules for Insurance Sector

The government is developing a specialized insolvency framework for insurance companies under the Insolvency and Bankruptcy Code. This initiative aims to enhance policyholder protection and provide a clearer resolution process for distressed insurers, replacing older mechanisms under the Insurance Act. The move seeks to define the regulatory roles of the IRDAI, IBBI, and NCLT in…

Estoppel on Resolution Plans – Supreme Court Observer

Judgement K.V. VISWANATHAN, J 1. The present appeals under Section 62 of the Insolvency and Bankruptcy Code, 2016 (for short, “the Code”) call in question the correctness of the judgment dated 29th October, 2024 passed by the National Company Law Appellate Tribunal New Delhi (for short, “the NCLAT”) in Company Appeal (AT)(INS) Nos. 1128, 1131…

Tubos Reunidos notifies CNMV of terms and conditions for sale of parent company and subsidiaries

Reported by Consejeros Editorial Team Tubos Reunidos informed the National Securities Market Commission (CNMV) on Monday that, within the framework of the insolvency proceedings involving its subsidiaries, the Civil Division of the Court of First Instance in Vitoria-Gasteiz has issued two rulings declaring and ordering the publication in the Public Insolvency Register of the terms…

Sunsundegui’s trademarks, patents and after-sales business go to auction

The insolvency administrators of Spanish coach bodybuilder Sunsundegui have launched a public auction for the company’s trademarks, patents and technical support business. The company has ceased operations in 2025. The insolvency administrators of Sunsundegui have put the Spanish coach bodybuilder’s intangible assets up for public auction as part of the company’s insolvency proceedings. According to…