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
CIPD members: sign in to your account CIPD members have access to all articles on the People Management website. If you are already a CIPD member, sign in below. Please ensure you are using the same email address and password that you use for your CIPD membership registration. Sign In Become a…
Stats SA has revised its liquidations data, revealing that business closures are escalating in the country at an alarming pace. The latest data on liquidations shows that 233 companies were shuttered in April 2026, down from 276 liquidations recorded in March. This is a significant revision from the previously reported March data, which tracked 146…
Recoveries under the Insolvency and Bankruptcy Code (IBC) have seen a significant decline in the fiscal year 2025-26, as outlined in a report by the ratings agency ICRA. A key issue has been the delay in resolution timelines, substantial haircuts for lenders, and an overwhelming number of liquidation cases. The recovery rate against admitted claims…
Crowe Ireland partner Declan Hanly says that while the Irish business environment remains robust, the firm is seeing growth in its volume of restructuring and insolvency work. By Sorcha Corcoran The promotion of Declan Hanly to partner in Crowe Ireland’s Corporate Restructuring practice in January reflects the accountancy and business advisory firm’s ongoing investment in…
The Insolvency Service recently gave the Riigikogu Economic Affairs Committee an overview of the field where the statistics are alarming: in just three years and one quarter, nearly 600 companies managed to leave behind close to €200 million in debt without facing any real consequences. According to Insolvency Service Director Signe Viimsalu, the problem is…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…
NEW DELHI: The decade-old insolvency framework has helped creditors recover more than Rs 4 lakh crore and sharply improved recovery rates and credit discipline, with the government and regulators hailing the Insolvency and Bankruptcy Code (IBC) as one of the country’s most significant economic reforms. Marking 10 years of the Insolvency and Bankruptcy Code, 2016,…
The Supreme Court has referred to a larger Bench the question whether cheque bounce proceedings under Section 138 of the Negotiable Instruments Act can be stayed during the moratorium period under Part III of the Insolvency and Bankruptcy Code, while holding that such proceedings are predominantly criminal in nature and not merely debt recovery actions.…