Need to improve liquidation outcomes: IBBI chairman

Insolvency and Bankruptcy Board of India (IBBI) Chairman Ravi Mital said there is a growing need to improve liquidation outcomes under the Insolvency and Bankruptcy (IBC) Code, 2016. “It is observed that till December 2024, in the completed liquidation cases, the amount realised by claimants has been very low as compared to the Corporate Insolvency…

North East tech firm wound up after 15 years

MediaTechDealsMarTechSportTech A North East tech firm which helped pubs to make money from their TV screens has entered liquidation. Screenreach Interactive, which was based in Newcastle but is registered in Morpeth, Northumberland, allowed hospitality venues to sell third-party advertising on screens. The firm’s Screach app also allowed them to stream sports events without a cable…

Need to improve liquidation outcomes: IBBI chairman

Insolvency and Bankruptcy Board of India (IBBI) Chairman Ravi Mital said there is a growing need to improve liquidation outcomes under the Insolvency and Bankruptcy (IBC) Code, 2016. “It is observed that till December 2024, in the completed liquidation cases, the amount realised by claimants has been very low as compared to the Corporate Insolvency…