Are there major changes in the Insolvency and Bankruptcy Code (IBC) on the cards? According to sources, the country’s bankruptcy law could see a major overall during the upcoming Winter Session of Parliament, which typically commences in late November and runs for a month. Among the proposed changes, industry stakeholders have sought the existing rules…
Gensol Insolvency, Remarks Against Insolvency Professional Pulkit Gupta Shall Not Affect His Conduct Or Character: NCLAT BW Legal World Read the original article here
UK solar company shut down after defrauding elderly consumers pv magazine International Read the original article here
The National Bank of Ukraine (NBU) on Nov. 4 declared RwS Bank insolvent, citing its continued risky activity, failure to comply with prudential regulations, and inability to restore its financial stability despite being classified as problematic since July. The bank ignored the NBU’s order to submit a revised financial recovery plan and continued to violate…
A TECHNOLOGY company that worked with major car manufacturers such as Stellantis has filed for bankruptcy. The supplier filed for bankruptcy after ending its US operations. Sign up for The US Sun newsletter Thank you! A Jeep partner has filed for bankruptcyCredit: Getty Exro Technologies was in the running to be Stellantis’ supplier of the…
New Delhi: The Supreme Court on Thursday adjourned the hearing on a batch of petitions filed by lenders of bankrupt telecom operator Aircel Ltd, challenging the National Company Law Appellate Tribunal’s order, which had held that spectrum can be transferred under an insolvency resolution plan only after all government dues are cleared. The case is…
The Manipal Group has submitted an expression of interest (EOI) to acquire embattled edtech firm Byju’s under the ongoing insolvency proceedings, sources told NDTV Profit. The group is reportedly aiming for a complete takeover of the company. Meanwhile, other potential bidders are still weighing their options ahead of the November 13 deadline for EOI submissions.…
ED–IBBI Coordination Clears Path for Restitution of PMLA-Attached Assets in IBC Cases Moneylife Read the original article here
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