Advancing Insolvency Resolution in India After independence, Indian companies operated within structured legal frameworks supporting normal business activities. When financial stress emerged, they relied on multiple legal mechanisms for resolution. These included company law, debt recovery processes and secured creditor frameworks. Each mechanism followed separate forums and…
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Marc Bandemer, 61, was declared bankrupt at Reading County Court after failing to pay the full compensation awarded to Louise Crabtree, a senior executive from Romsey. She won nearly £100,000 at an employment tribunal in 2024 after enduring what she described as a sustained campaign of harassment. Ms Crabtree, 51, said the behaviour lasted for…
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IAG today announced that Insurance Australia Limited (IAL) has agreed to a settlement of the proceedings brought by Greensill Bank AG and Dr Michael C. Frege in his capacity as Insolvency Administrator of Greensill Bank AG against IAL and other parties in the Federal Court of Australia (the Greensill Bank Proceedings). IAG said the settlement…
Udaipur Times, May 28, 2026: Central Government Updates New Delhi The Insolvency and Bankruptcy Code (IBC) which came into force in 2016 has completed 10 years of its existence today. A decade since its enactment, the Code has emerged not merely as a legislative reform, but as an institutional transformation with far-reaching implications for credit…
The Supreme Court referred to a larger bench key questions on whether insolvency moratorium provisions under the Insolvency and Bankruptcy Code can stay cheque bounce proceedings under the Negotiable Instruments Act, including cases involving company directors and compensation recovery during insolvency proceedings Published Date – 28 May 2026, 07:45 PM … Read…
The Insolvency and Bankruptcy Code (IBC), celebrating its tenth anniversary, has transformed India’s credit markets and economic efficiency. Introduced in 2016, the IBC has enabled the realization of over four lakh crore rupees for creditors, modernizing and uniting the previously fragmented insolvency framework. As of March 2026, the Ministry of Corporate Affairs reports 1,419 cases…
Restructuring Lawyer Kenneth P. Kansa Joins Steptoe’s Insolvency, Restructuring and Transactions Practice in Chicago Steptoe Read the original article here