900 jobs gone, workers owed $11m as major care provider folds – Herald Sun
900 jobs gone, workers owed $11m as major care provider folds Herald Sun Read the original article here
IBC Amendment Bill 2025 Promises Quicker Debt Resolutions and Stronger Creditor Power: Know More [Read Bill]
The government has introduced a major reform to India’s insolvency framework with the Insolvency and Bankruptcy Code (Amendment) Bill, 2025. Presented in the Lok Sabha by Finance Minister Nirmala Sitharaman, the Bill seeks to reduce long delays in insolvency cases, strengthen creditor control, and make the resolution process more efficient. Cutting Down Delays in Insolvency…
Claire’s in Administration Threat – Company Rescue
Claire’s in Administration Threat Company Rescue Read the original article here
IBBI Caps Assignments for Insolvency Professionals: Rediff Moneynews
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…
IBBI proposes cap on assignments for insolvency professionals to curb delays
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…
Understanding the proposals under the new Insolvency and Bankruptcy Code amendment bill
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
China Evergrande liquidators say $255 million of assets have been sold MSN Read the original article here
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