IBBI proposes a cap on assignments for insolvency professionals to curb delays and ensure equitable distribution of work. New Delhi, Aug 13 (PTI) The IBBI has proposed imposing a cap on the number of assignments that insolvency professionals (IPs) can handle across key roles, in a bid to improve efficiency and ensure equitable distribution of…
New Delhi, Aug 13 (PTI) The IBBI has proposed imposing a cap on the number of assignments that insolvency professionals (IPs) can handle across key roles, in a bid to improve efficiency and ensure equitable distribution of work. Currently, IPs are restricted to a maximum of 10 assignments as resolution professionals (RPs) in corporate insolvency…
They propose to focus on the creditor-initiated insolvency resolution process which involves creditors settling insolvency matters out of court, thereby reducing the burden of cases on insolvency tribunals. The National Company Law Tribunal (NCLT) will only have to approve the resolution plans, thus reducing the timelines under the IBC. Mint takes a closer look at…
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China Evergrande liquidators say $255 million of assets have been sold MSN Read the original article here
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Insolvency and Bankruptcy Code (Amendment) Bill, 2025 proposes group and cross- border insolvency SCC Online Read the original article here
Company that ran Chesterfield soft play centre enters liquidation – with debts of more than £194,000 Derbyshire Times Read the original article here
Major trucking company goes bust after almost 60 years of operating across Australia MSN Read the original article here