Insolvency Code: How Kirusa verdict curtails power of operational creditors, provides relief to debtors – Firstpost

The Supreme Court has come out with another important verdict in the Kirusa Software Private Limited v. Mobilox Innovations Private Limited case, after its landmark decision in the case of Innoventive Industries. This judgement has clarified the meaning of the phrase existence of dispute found under Section 8 (2) of the Insolvency and Bankruptcy Code,…

What life looks like for Jirongo after bankruptcy axe fell on him – Business Daily (press release) (blog)

Economy Wednesday, October 11, 2017 9:24 By CAROLINE LICHUMA Businessman and presidential candidate Cyrus Jirongo. FILE PHOTO | NMG   Insolvency law largely puts politician at the mercy of a trustee with respect to which property will be repossessed for the purposes of paying his debts. Reports that the High Court has declared former Lugari…

T2 Trainspotting star Bradley Welsh declared BANKRUPT over four-figure sum bill from Scottish Water – The Scottish Sun

drainspotting The Holyrood boxing gym owner, 46, was hit by Scottish Water for the clubs tab T2 Trainspotting star Bradley Welsh has been declared bankrupt over a four-figure water bill. The Holyrood boxing gym owner, 46, was hit by Scottish Water for the clubs tab. Michael Schofield – The Sun Glasgow Welsh is bankrupt over…

Bankruptcy Board Seeks Views On Individual Insolvency Process – NDTV

The regulations come under the Insolvency and Bankruptcy Code. New Delhi: The Insolvency and Bankruptcy Board on Tuesday sought comments from the public on draft norms for insolvency resolution process for individuals running businesses and personal guarantors. Comments have been sought on draft regulations pertaining to insolvency resolution process for individuals and firms. Views have…

Was Malaysia Airlines ever declared bankrupt, asks union – Free Malaysia Today

Nufam president Ismail Nasaruddin says human resources minister has failed to defend the rights of 3,600 retrenched workers. PETALING JAYA: A union today asked if Malaysia Airlines was ever declared bankrupt, following Human Resources Minister Richard Riots claim that 3,600 retrenched workers could not seek any claims or justice through the court because the airline…