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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

Ghana moves to strengthen legal framework for corporate insolvency

The Office of the Registrar of Companies (ORC), in collaboration with the International Finance Corporation (IFC), is working to strengthen Ghana’s corporate insolvency regime in a bid to promote business recovery, protect creditors, and enhance economic stability. The partnership between the ORC and IFC has brought together regulators, financial institutions, and insolvency professionals to deepen…

Interest Liability Shall Not Cease Merely Because Default Of Principal Amount Fell During S.10A Period: NCLT Mumbai

The National Company Law Tribunal (NCLT) Mumbai bench admitted a petition under section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) filed by Unity Small Finance Bank Limited against Bafna Motors Private Limited holding that defaults committed after section 10A period are sufficient to trigger Corporate Insolvency Resolution Process (CIRP). It further held that…