In a recent decision, the National Company Law Appellate Tribunal (NCLAT) bench ruled that the moratorium under Section 14 and the suspension introduced by Section 10A do not bar the Corporate Insolvency Resolution Process(CIRP) against personal guarantors. The Tribunal stated that merely because the company is going through this process, it does not mean that…
1. Overview 1.1 Where would you place your jurisdiction on the spectrum of debtor- to creditor-friendly jurisdictions? Law No. 37 of 2004 on Bankruptcy and Delay of Payments (“Law 37/2004”) emphasises creditors’ rights over debtors and demonstrates that Indonesia can be seen as a creditor-friendly jurisdiction. While there are some limitations on the options that…
Thank you for reading this post, don’t forget to subscribe! The Supreme Court held that a society or Resident Welfare Association of homebuyers has no locus standi to intervene in insolvency proceedings against a real estate developer, as it is neither a creditor nor an authorised representative of allottees. NEW DELHI: The Supreme Court determined…
Lin Liu, director of liquidated Yoyoso/Miniso, leaves debt trail BusinessDesk | NZ Read the original article here
Despite 26,005 business insolvencies recorded across the UK and Northern Ireland in 2025, Bradford’s liquidation rate stands at just two per cent, according to an analysis by Liquidation Centre. Out of 1,590 businesses within a 500-metre radius, only 32 in the city entered liquidation. Richard Hunt, director at Liquidation Centre, said: “The data highlights just…
Renco Holdings Appoints Joint Liquidators as Hong Kong Court-Ordered Winding-Up Proceeds TipRanks Read the original article here
The Delhi High Court has ruled that pendency of corporate insolvency resolution process (CIRP) proceedings under the Insolvency and Bankruptcy Code (IBC) cannot be invoked by an investigated person to seek production of documents from the Central Bureau of Investigation (CBI) during the course of investigation. The observation was made by the Delhi High Court…
The operator sold holidays to Dubai, Saudi Arabia and beyond (Picture: Getty Images) A British travel firm that sold flight and hotel holiday packages for Europe and Southeast Asia has gone into liquidation. And if you’ve booked a trip with them, you’d better check the fine print. Regen Central Ltd, which was founded in 2011…
Homebuyers’ maintenance societies, RWAs can’t intervene in insolvency process of developer: SC ET Realty Read the original article here
IICA launches registration for 8th batch of Post Graduate Insolvency Programme; signs MoU with IIIPI–ICAI PIB Read the original article here