S.7 IBC | Corporate Debtor’s Ability To Pay Debt Not To Be Considered Before Admitting Insolvency Petition : Supreme Court

The Supreme Court on Wednesday (February 18) reaffirmed that the remedy under Section 7 of the Insolvency & Bankruptcy Code (IBC) to initiate the Corporate Insolvency Resolution Process (CIRP) is not discretionary but mandatory, leaving the adjudicating authority with no option but to admit the application once the existence of a debt and a default…

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Chinese Construction Co. CCA Exits Ch. 11

By Alex Wittenberg · February 18, 2026, 3:30 PM EST CCA Construction Inc., a subsidiary of a Chinese state-owned firm, has emerged from Chapter 11, months after a New Jersey bankruptcy judge agreed to approve its settlement with a Bahamian resort… To view the full article, register now. Read the original article here