NCLAT stays insolvency proceedings against ECL – The Financial Express

Following NCLTs order, Coal India moved NCLAT, challenging the order. The National Company Law Appellate Tribunal (NCLAT) on Saturday stayed an order passed by the National Company Law Tribunal (NCLT) to initiate corporate insolvency resolution process against Eastern Coalfields (ECL), a subsidiary of state-run Coal India (CIL). The Kolkata bench of the NCLT on December…

Insolvency law to be passed next year – Government – GhanaWeb

General News of Saturday, 22 December 2018 Source: citinewsroom.com A Deputy Minister of Trade and Industry, Robert Ahomnka-Lindsay A Deputy Minister of Trade and Industry, Robert Ahomnka-Lindsay has assured that the corporate insolvency bill will be passed within the first quarter of next year. The assurance follows the completion of the necessary parliamentary procedures surrounding…

Qudos Insurance declared bankrupt, Danish fund to compensate – Insurance Business

The Danish Maritime and Commercial High Court has officially declared the bankruptcy of Qudos Insurance. Following this development, the non-life insurer whose operations were not only in Denmark but also in France, Germany, Greece, Ireland, Italy, Malta, Norway, Sweden, and the UK is now part of the failed firms list provided by British compensation fund…

Opinion | Self goal of 29A harming the promise of Insolvency and Bankruptcy Code – Moneycontrol.com

Richa Roy and Zubin Mehta On the second anniversary of the Insolvency and Bankruptcy Code (Code) many of its achievements deserve celebration including fostering credit discipline and improving upon a culture of impunity. And yet, there has been a gamut of reactionary amendments to the Code, the intent and timing of several of which raise…