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The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 restructured the enactment of the IBC in 2016. The bill, Introduced in the Lok Sabha on 12 August 2025, intends to resolve procedural delays, reduce litigation, creditor rights, and create new mechanisms to deal with group insolvencies, cross-border cases, and high-value financial distress. The Bill has been…
Leading Welsh brand Mallows Beauty collapses into liquidation business-live.co.uk Read the original article here
Furniture retailer Jory Henley Furniture Now collapses owing $3 million Waikato Times Read the original article here
Among the 27 sites it has across the country, the firm operates facilities on Christow Road at Marsh Barton Trading Estate in Exeter and on Sutton Road in Plymouth. The government confirmed that the official receiver will wind down the company and investigate the circumstances surrounding its collapse, including the conduct of current and former…
Among the 27 sites it has across the country, the firm operates facilities on Christow Road at Marsh Barton Trading Estate in Exeter and on Sutton Road in Plymouth. The government confirmed that the official receiver will wind down the company and investigate the circumstances surrounding its collapse, including the conduct of current and former…
Supreme Court Restores Corporate Debtor’s Property Under PMLA To Successful Resolution Applicant The Law Advice Read the original article here
Reverse CIRP: A Homebuyer-Centric Shift in Real Estate Insolvency Lexology Read the original article here
The National Company Law Tribunal (NCLT) at Mumbai recently reaffirmed that insolvency proceedings against personal guarantors under the Insolvency and Bankruptcy Code can be initiated even if no CIRP is pending against the corporate debtor, relying on the Supreme Court’s ruling in State Bank of India v. Mahendra Kumar Jajodia(2022). A coram of Judicial Member…
The Supreme Court recently reiterated that the objective of Section 8(8) of the Prevention of Money Laundering Act(PMLA) is to ultimately restore any attached properties to the bonafide successful resolution application(SRA) who have a legitimate interest in it. Section 8(8) allows the Special Court to direct the Central Government to restore property that has been…