IBBI Disciplinary Committee Suspends Insolvency Professional’s Authorization for Six Months for Acting Without Valid AFA [Read Order]

The Insolvency and Bankruptcy Board of India’s Disciplinary Committee has ordered a six‑monthsuspension of the Authorisation for Assignment (AFA) of an insolvency professional, after finding that he accepted and acted on the Corporate Insolvency Resolution Process (CIRP) of a company without holding a valid authorisation. The matter arises from the CIRP of Suich Industries Limited,…

Insolvency proceedings begin for Russia’s Yaroslavl Shipyard

Russian news outlet Kommersant reports that a court of arbitration in the Yaroslavl region of Russia has begun insolvency proceedings against local company Yaroslavl Shipyard (YaSZ). Court documents stated that the proceedings against YaSZ were filed after the company incurred debt totalling RUB14.4 million (US$190,000) from its failure to pay Nakhodka Ship Repair Yard (NSRY)…

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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…