IIIPI report suggests taxation reforms to streamline insolvency resolution under IBC. Key recommendations include tax neutrality for resolution plans. New Delhi, Aug 26 (PTI) A comprehensive set of reforms across taxation, insolvency and procedural frameworks can help streamline the insolvency resolution process, according to a report prepared by IIIPI. The report by the study group…
Struggling matatu insurer, Invesco Assurance Company Limited, has been placed under provisional liquidation following a High Court order issued on July 31, 2025. In a notice dated Tuesday, August 26, the court appointed Diana Nduku Mumo as the Provisional Liquidator of the company, marking the latest development in the ongoing insolvency case. “Pursuant to the…
Corporate and personal insolvencies across England and Wales rose slightly in July – reflecting a cautious month for businesses and households as they navigate uncertain economic conditions. New figures from the Insolvency Service reveal how the number of corporate cases increased by 1.4% to 2,081, compared to June’s total of 2,053, and by just 0.1%…
China Evergrande, a company that was once one of the fastest-growing real estate developers in the country, is set to be removed from the Hong Kong Stock Exchange. The company made its public debut in Hong Kong 16 years ago and quickly became a symbol of China’s booming property market. At its peak, Evergrande seemed…
Fernwood Financial Limited, a major UK payday loan firm, has collapsed into liquidation, wiping out debts for thousands of customers overnight. The Financial Conduct Authority (FCA) confirmed the firm’s insolvency on 27 June 2025, sparking relief for borrowers but raising concerns about the stability of the short-term lending sector. As the cost of living crisis…
In a recent order, the Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) has recorded that one of its members was approached by a senior figure from the higher judiciary seeking a favourable order in an insolvency case. The matter came up on August 13, 2025, before a two-member bench of the NCLAT…
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. An announcement from Epsilon Healthcare Limited ( (AU:EPN) ) is now available. Epsilon Healthcare Limited has successfully effectuated its Deed of Company Arrangement (DOCA) as of June…
The judicial member of National Company Law Appellate Tribunal, Chennai Bench, Justice Sharad Kumar Sharma, recused from hearing an insolvency matter, after observing that he was approached by “one of the most revered members of the higher judiciary” seeking an order favouring a particular party. The August 13 order passed by a bench of judicial…
In the ever-evolving landscape of international commercial disputes, the co-existence of arbitration and insolvency-related proceedings has become a focal point. This comparative piece delves into the legal position in three key jurisdictions – Singapore, the United Kingdom, and India – and focuses on the pro-arbitration approach of deferring to the arbitral tribunal and staying (or…
The rise comes amid ongoing economic uncertainty that continues to affect businesses and households across England and Wales. Corporate insolvencies climbed by 1.4 per cent to 2,081 cases in July, up from 2,053 in June and broadly in line with last July’s figure of 2,078, according to new data from the Insolvency Service. Kelly Jordan,…