Written by Surbhi Prasad | New Delhi | Published:October 28, 2017 3:25 am Under Section 25 of the Insolvency and Bankruptcy Code, it is the duty of a resolution professional to invite prospective lenders, investors and any other persons to put forward resolution plans once the information memorandum is ready. The National Company Law Tribunal…
News Jessica Fino 27 Oct 2017 03:33pm Personal and underlying company bankruptcies in England and Wales have risen in the last quarter … Read the full article at: http://economia.icaew.com/en/news/october-2017/personal-insolvencies-rise-thanks-to-voluntary-arrangements
LONDON, Oct 27 (Reuters) – The number of people registering as insolvent in England and Wales hit a five-year high in the third quarter, according to figures on Friday that hinted at trouble brewing in Britains consumer economy. The governments Insolvency Service said 27,807 people in England and Wales registered as insolvent between July and…
By Andy Bruce LONDON, Oct 27 (Reuters) – The number of people registering as insolvent in England and Wales hit a five-year high in the third quarter, according to figures on Friday that hinted at trouble brewing in Britain’s consumer economy. The government’s Insolvency Service said 27,807 people in England and Wales registered as insolvent…
Coimbatore, Oct 27: The time taken and costs involved in resolving disputes has crippled the entrepreneurial community in India. Statistics show that the recovery is only 20 per cent in India and in global ranking, the country is ranked in the 136th position with respect to the time taken for resolving disputes. China is in…
Applications have been invited from corporate entities for submission of resolution plan for the debt-laden Jaypee Infratech under the insolvency law, according to a public notice. The National Company Law Tribunal (NCLT) has admitted the application by an IDBI Bank-led consortium seeking resolution for Jaypee Infratech under the Insolvency and Bankruptcy Code. Moving ahead with…
Consultation on Individual Insolvency and Rights and obligations of MSMEs held at Ludhiana New Delhi, Oct 27 (KNN) Eyeing at strengthening the Insolvency and Bankruptcy Code (IBC) framkework, the Insolvency and Bankruptcy Board of India (IBBI) organised a stakeholder consultation on Individual Insolvency Rights and obligations of Micro, Small and Medium Enterprises (MSMEs) owners,…
The crunch by-election in the state seat of Northcote is getting nasty with one candidate saying her recent past of marriage breakdown and domestic violence has been dredged-up in an attempt to damage her chances. The Greens say the story of their candidate Lidia Thorpe’s bankruptcy four years ago was being “shopped around” Melbourne media…
The clarification came as some stakeholders drew attention to Section 30(2)(e) of the IBC, which directs resolution professionals to ensure any such insolvency resolution plan does not contravene any of the provisions of the law for the time being in force. (Reuters) The Insolvency and Bankruptcy Code (IBC), 2016, isnt in conflict with the Companies…
The crunch by-election in the state seat of Northcote is getting nasty with one candidate saying her recent past of marriage breakdown and domestic violence has been dredged-up in an attempt to damage her chances. The Greens say the story of their candidate Lidia Thorpe’s bankruptcy four years ago was being “shopped around” Melbourne media…