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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Zee Learn Insolvency Petition by Axis Bank Dismissed as Withdrawn by NCLT TipRanks Read the original article here
A UK project development firm has collapsed into liquidation after almost two decades in business. Cooper and Franklin Limited, based in the village of Fencott, Oxfordshire, was put into members’ voluntary liquidation (MVL) last month. The firm, which specialised in building project development, was incorporated in May 2007. Shareholders passed a resolution to wind it…
IBBI study pitches for tighter monitoring of debtors, greater role for resolution professionals to detect… Moneycontrol.com Read the original article here
SINGAPORE: Lawyer and opposition politician Lim Tean has been declared bankrupt, according to a notice published in the government gazette on Friday (Apr 10). The bankruptcy order was made effective on Apr 2. He will have his bankruptcy estates managed by trustees Lau Chin Huat and Yeo Boon Keong of Technic Inter-Asia. Lim, a veteran lawyer…
In November last year, the CoC of JAL approved Adani Enterprises Ltd’s Rs 14,535 crore bid to acquire its assets through the insolvency process. On March 17, the National Company Law Tribunal (NCLT), Allahabad bench, approved the bid. However, the same has been challenged by Vedanta, which made a bid of Rs 17,926 crore, in…