DUANE CROSSMCO Publisher•Editor The court-appointed receiver overseeing Uncle Nearest told a federal court Friday that the company is insolvent, could be forced to shut down within 30 days without continued lender support, and must quickly sell assets while pursuing a sale of the business by the second quarter of 2026. In his third quarterly report,…
Future Enterprises Limited Schedules Forty-First Committee of Creditors Meeting for April 13, 2026 scanx.trade Read the original article here
Lim Tean, 61, declared a bankrupt Mothership Read the original article here
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New Delhi: Can a cooperative society buy or invest in a company during insolvency proceedings under the Insolvency and Bankruptcy Code (IBC)? Yes, said the Supreme Court on Thursday—but within limits. In a ruling that will shape the rights of cooperative societies in future insolvency proceedings, the top court ruled that Multi-State Co-operative Societies (MSCS)…
Executive Summary: The Insolvency and Bankruptcy Code (Amendment) Act, 2026 (enacted April 2026) implements a series of extensive reforms to India’s corporate insolvency regime. Building on the IBC 2016 framework and prior amendments, the new Act introduces creditor-driven mechanisms (notably a Creditor-Initiated Insolvency Resolution Process, CIIRP), strengthens creditor and Committee of Creditors (CoC) powers, tightens…
With gradual maturity of China’s insolvency system, bankruptcy proceedings have shifted from something debtors feared and creditors resisted to a welcome tool for both parties to clear debt and rescue viable businesses. This article examines key practical issues and recent court practice to assess how bankruptcy law is addressing practical current problems and future challenges.…
Simbhaoli Sugars blames insolvency process for delay in consolidated results TipRanks Read the original article here
Zee Learn Insolvency Petition by Axis Bank Dismissed as Withdrawn by NCLT TipRanks Read the original article here