The Gujarat National Law University Centre for Corporate and Insolvency Laws (GCCIL), in collaboration with the Insolvency and Bankruptcy Board of India (IBBI) and Insolvency Law Academy (ILA) is organising a 2nd Edition of GCCIL National Mock CIRP Competition, 2025 from 6th – 8th March, 2025. About the Gujarat National Law University Gujarat National Law…
Case background The Court was dealing with appeals filed under Section 62 of the IBC against the National Company Law Appellate Tribunal’s (NCLAT) judgments regarding the Corporate Insolvency Resolution Process (CIRP) of Hindustan National Glass and Industries Ltd. (HNGIL). The primary issue concerned the approval of a resolution plan submitted by AGI Greenpac Ltd., which…
By Vibhav Mishra The Insolvency and Bankruptcy Code (IBC), introduced to address deficiencies in earlier laws like the Sick Industrial Companies Act and the Companies Act, promised a revolutionary framework for company revival, reorganization, and debt resolution. However, eight years since its inception, the IBC faces significant implementation challenges, raising questions about whether it is…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Last roll of lenders’ dice coming for Star Entertainment The Australian Read the original article here
Parent company seeking creditor protection – liquidation sales have begun at the farm goods store on Silvercreek Parkway North, and others across country Turns out Guelph’s Peavey Mart will be closing up shop after all. The farm goods company says it is closing all of its stores across Canada, as Peavey Industries LP is seeking…
South Australia’s Fox Creek Wines, an award-winning winery and popular events venue in McLaren Vale, has been placed into voluntary administration with the company blaming a raft of issues stemming as far back as the pandemic and Chinese tariffs for its financial woes. However, the administrators have urged customers to continue supporting the business while…
The bankruptcy regulator on Wednesday amended technical standards guidelines for key services extended by information utilities (IUs), which typically store financial information about stressed firms in electronic databases, to streamline their operations and help speed up insolvency resolution.As per the latest Insolvency and Bankruptcy Board of India (IBBI) rules, an IU will use demographic authentication…
Another electric vehicle maker is finding itself in financial dire straights. Texas-based Canoo, which was originally founded in California, has filed for liquidation bankruptcy under Chapter 7 of the U.S. Bankruptcy Code. In its recent announcement, the company said it was ceasing operations immediately.
The Insolvency and Bankruptcy Board of India (IBBI) has now mandated information utilities (IU) to use PAN or any other official document to verify the identity of users, who wish to seek information of corporate debtors. The IU, under the Insolvency and Bankruptcy Code (IBC), is required to maintain an electronic database of information of…