Lens on creditor, customer & lender deals in insolvent companies – Economic Times

MUMBAI: As potential bidders queue up for buying companies under dedicated bankruptcy proceedings, insolvency professionals are roping in forensic investigators to scrutinise past transactions of customers, group companies, and financial and operational creditors. There are concerns that some of the past transactions could be fraudulent, and that the authenticity of claims by creditors may be…

New insolvency rule: Liquidation value of company to be kept confidential – Economic Times

NEW DELHI: The liquidation value of a company undergoing insolvency proceedings will be kept confidential, a change that seeks to maximise the realisation for creditors.The Ministry of Skill Development & Entrepreneurship, which funds the sector skill councils through the National Skill Development Corporation, has told them to ensure that their industry partners provide jobs to…