IBBI notifies amendments to streamline corporate insolvency process – YourStory.com
IBBI notifies amendments to streamline corporate insolvency process YourStory.com Read the original article here
IBBI Notifies Amendments To Streamline Corporate Insolvency Process
New Delhi: The IBBI has notified amendments to the regulations governing corporate insolvency, aiming to streamline procedures, protect creditor interests, and encourage greater investor participation in resolution processes. The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency Resolution Process for Corporate Persons Fourth Amendment regulations, 2025 on May 26, according to a release.…
Did the FSCA overstep in Banxso’s liquidation battle? – Moonstone Information Refinery
Did the FSCA break the law by handing over investigation records in a court case against Banxso (Pty) Ltd? That’s one of the questions Judge Andre le Grange will decide when he hands down his judgment. Banxso wants certain evidence thrown out of court – evidence its former client used to back a provisional liquidation…
Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low: ICRA
New Delhi [India], May 28 : Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA. As per the ICRA, only 724 companies were admitted for insolvency, a sharp 28 per cent drop from 1,003 in the previous year.…
Absence Of Formal Written Agreement Does Not Preclude Establishment Of Financial Debt: NCLT Delhi
The National Company Law Tribunal Bench of Shri Mahendra Khandelwal (Judicial Member) and Shri Atul Chaturvedi (Technical Member) the absence of a formal loan agreement does not defeat the existence of a financial debt. Documentary evidence such as tax filings (Form 26AS), TDS deductions, ledger entries, financial statements, and written acknowledgments are sufficient to establish…
Suspended Management Cannot Disburse Funds Of Corporate Debtor Post-CIRP Commencement Without… – Live Law
Suspended Management Cannot Disburse Funds Of Corporate Debtor Post-CIRP Commencement Without… Live Law Read the original article here
Corporate Insolvency And Bankruptcy Laws Bar Association Requests Operationalisation Of Second Bench At NCLAT Chennai
The Corporate Insolvency and Bankruptcy Laws Bar Association, established to promote the study and advancement of corporate, insolvency, bankruptcy, economic, and allied laws, has submitted a representation to the Hon’ble Chairperson of the NCLAT on May 28, 2025, seeking the early constitution of a second bench at NCLAT, Chennai. They stated that On 25.01.2019, in…
NCLT : CIRP Cannot be shield to corporate applicant to avoid legally recoverable government dues – Taxscan
NCLT : CIRP Cannot be shield to corporate applicant to avoid legally recoverable government dues Taxscan Read the original article here
How Effective is the Insolvency and Bankruptcy Code (IBC)
“A bankruptcy proceeding is not a death sentence but a chance for a fresh start.” — Elizabeth Warren In India, Bankruptcy and Insolvency since a long time have been critical issues in the financial sector, which impacts businesses, creditors, and the overall economy. Insolvency refers to as a situation where a debtor…
McJustice launches the first German insolvency portal InsO
Tech (© ) Since July 2024, a creditor information system (GIS) is mandatory for all German insolvencies according to the German legislator. McJustice has spent the last few months developing a portal in the cloud that is able to handle the entire insolvency process online in the cloud. Security is particularly important here due to…