These are the concluding lines from the Supreme Court’s January 2019 judgment in Swiss Ribbons v. Union of India upholding the constitutionality of the Insolvency and Bankruptcy Code, 2016 (IBC). In this judgment, the Court noted that India’s ambitious experiment with insolvency law reform in the form of the IBC was turning out to be…
Two Sydney venues formerly controlled by bankrupt publican Jon Adgemis have sold to ASX-listed Clime Asset Management and Singapore-headquartered Vantage Point Asset Management for about $80 million, after a proposed deal with Millinium Capital’s Tom Wallace fell over last month. South Bondi Hotel – otherwise known as Noah’s Backpackers – in Bondi Beach and Empire…
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The disgraced former financier Lex Greensill has been banned from running a UK company for nine years after he was judged to be unfit because of the 2021 collapse of his £1.6bn supply chain invoicing firm. The government’s Insolvency Service said on Thursday that Greensill had signed a disqualification undertaking, bringing the case to an…
Another airline files for bankruptcy and cancels flights thestreet.com Read the original article here