Ahead of the August 7 hearing in the Supreme Court on the Bhushan Power & Steel (BPSL) matter, many insolvency experts feel that the best- case scenario for the company and all stakeholders would be one where the current management is allowed to run the company. JSW Steel, which acquired BPSL for Rs 19,700 crore,…
The first half of 2025 has been marred by an increasing number of retailers and their partners descending into bankruptcy, and ultimately liquidation, as the market continues to grapple with waning consumer confidence and heightened competition. From Forever 21 to Hudson’s Bay, we explore some of the most notable bankruptcies of the year so far,…
‘Treated the court with contempt’: commercial real estate owner ordered to pay more than $3m The Canberra Times Read the original article here
Melbourne building collapses into voluntary administration – leaving projects in the lurch MSN Read the original article here
By adopting frameworks that reflect global standards, South Africa positions itself as a beacon of stability and resilience 03 August 2025 – 00:00 By Bridget Letsholo In an ever-changing economic environment, South Africa’s approach to insolvency law speaks volumes about its commitment to maintaining the balance between the rights of debtors and the expectations of…
BREAKING NEWS: Healthcare equipment maker goes into liquidation By Lee Peart 01 August 2025 Healthcare equipment maker NRS Healthcare has gone into liquidation with a winding-up order having been issued. (c) Steven HWG/Unsplash Official Receiver Gareth Jonathan Allen has been appointed as liquidator of the business. Mark James Tobias Banfield, Edward Williams, Helen Laura Wheeler-Jones,…
The Insolvency and Bankruptcy Board of India (IBBI) have dismissed an appeal filed by Mr. Vipan Kumar, a registered valuer (RV), challenging his three-month suspension. The disciplinary action, originally imposed by IBBI on 26th March 2025, pertained to his role in the corporate insolvency resolution process (CIRP) of M/s Base Corporation Limited. Mr. Kumar, registered…
The Allahabad high court held that protection of Insolvency Bankruptcy Code (IBC), 2016 is only applicable to corporate debtors and not to persons who draw cheques in Individual capacity. The court allowed the applicants to raise all contentions, legal or factual, before the court below while contesting the proceedings. A complaint was lodged by O.P.…
The National Company Law Tribunal (NCLT), Indore Bench of Sh. Shammi Khan (Judicial Member) and Sh. Sanjeev Sharma (Technical Member) has held that while admitting a petition under Section 7 of the IBC filed by homebuyers based on the default committed by the corporate debtor, the corporate debtor can be directed to complete the project…
Permitting Repeated Invitation of EOI (Form G) merely on behest of Individual Stakeholder Will Defeat Timeliness under IBC: NCLT [Read Order] Taxscan Read the original article here