Dewan Rakyat passes amendments to Insolvency Act, bankruptcy threshold now RM100k from RM50k previously – The Star Online

KUALA LUMUR: The Dewan Rakyat passed amendments to the Insolvency Act to increase the bankruptcy threshold from RM50,000 to RM100,000. The Insolvency (Amendment) Bill 2020 was passed with a simple voice vote in the House. Minister in the Prime Minister’s Department Datuk Takiyuddin Hassan said the bankruptcy threshold was increased as a responsive move by…

Personal insolvency law: Delhi HC issues notices for writ petition filed by local businessman – Economic Times

New Delhi: At a time when business owners such as Anil Ambani and Venugopal Dhoot are trying to defend their family assets from getting attached as lenders stake claim on loans with personal guarantees, a little known Delhi-based businessman could provide much needed succour. In a recent ruling, the Delhi High Court has stayed personal…

Virgin Australia may have traded while insolvent; Bain offers $3.5b in buyout, administrator Deloitte reveals – ABC News

Virgin Australia may have been trading while insolvent in the early days of the coronavirus pandemic’s impact on airline travel, according to a report by Virgin’s administrator Deloitte. “Our preliminary analysis indicates the group was insolvent from 22 March 2020 and possibly as early as 18 March 2020,” Deloitte said in report to creditors ahead…