Insolvency and Bankruptcy (IBC) Bill: 7 key amendments that distinguish it from existing law

Amid uproar by the Opposition, Finance Minister Nirmala Sitharaman on Tuesday introduced an amended Insolvency and Bankruptcy Code in the Lok Sabha. Among some of the key amendments to the existing bankruptcy law that are incorporated in the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, include a provision enabling a “creditor-initiated insolvency resolution process” with…

Access Denied

Access Denied You don’t have permission to access “http://www.business-standard.com/opinion/columns/ibc-amendment-more-clarity-less-reform-focuses-on-incremental-fixes-125081501265_1.html” on this server. Reference #18.d1672817.1755283381.82f6555 https://errors.edgesuite.net/18.d1672817.1755283381.82f6555 Read the original article here

Access Blocked

Access Blocked We’re sorry, but your access has been blocked due to a security concern. 20250815T125834Z-1556bb84bd5c9ls9hC1SYD75ts00000000yg00000000btv6 Copy Incident ID If you believe this is an error, please contact support and provide the Incident ID above. Read the original article here

Courier firm goes bust owing $1.2 million

A Christchurch courier company has buckled under financial pressure, owing creditors more than $1.2 million and leaving staff out of pocket. NJ & MS Holdings Ltd owes about $586,000 to Inland Revenue (IRD) and just over $632,000 to unsecured creditors, while staff claims are nearly $35,000. The company, trading as Point to Point, was placed…