IBBI suspends insolvency professional’s registration for 2 years due to lapses in handling Supertech Ltd & Nobility Estates proceedings. New Delhi, Mar 31 (PTI) Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of an insolvency professional for two years for multiple lapses in handling proceedings of Supertech Ltd and Nobility Estates. In…
A) Introduction & Background 1. Where Did It All Begin? If you are a shareholder of Vimla Fuels and Metals Limited, there is only one question — when will you recover your investment? The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016. This means the company defaulted…
A well-known figure from the Manchester tech scene has been banned as a company director until 2033. Jack Mason is a former CEO of Dreamr, which he co-founded with Mylo Kaye. The app developer went insolvent in 2019 owing hundreds of thousands of pounds to HMRC. Mason subsequently co-founded Inc & Co, a disparate collective…
New Delhi, Mar 31 (KNN) The government has reiterated that the Insolvency and Bankruptcy Code (IBC) is aimed at business rescue and value maximisation, rather than mere debt recovery, highlighting strong recovery outcomes and improved corporate performance post-resolution. By December 2025, recoveries under the IBC stood at 94.95 per cent of fair value and 171.54…
One of Chile’s leading fruit exporters, Exportadora Santa Cruz, has filed for bankruptcy with debts of around US$55bn. It follows a second failed reorganisation process embarked on by the company in less than a year, prompting creditors to request forced liquidation due to non-compliance with the reorganisation plan. The 1st Civil Court of Santiago declared…
MT Educare discloses continued loan defaults amid ongoing insolvency process TipRanks Read the original article here
REVEALED: Liquidator appointments for businesses in the Douglas council area for March 30 The Cairns Post Read the original article here
By Shailesh Yadav | Updated: Mar 31, 2026 13:38 IST New Delhi [India], March 31 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) has found multiple procedural and disclosure lapses by insolvency professional Hitesh Goel in the corporate insolvency resolution process (CIRP) of Supertech Ltd, particularly its Eco Village-II project.In an order dated March…
NEW DELHI: The Lok Sabha on Monday approved the Insolvency and Bankruptcy Code (Amendment) Bill, aimed at speeding up insolvency proceedings to resolve cases related to defaulting companies. The Bill introduces a mandatory 14-day timeline for admitting insolvency applications once a company’s default has been established. Finance Minister Nirmala Sitharaman said that the government has…
The Government Isn’t ‘Insolvent.’ Its Fiscal Picture Still Needs Fixing. Barron’s Read the original article here