The Insolvency Resolution Process for Corporate Persons Fourth Amendment regulations, 2025, were notified by the Insolvency and Bankruptcy Board of India on May 26, according to a recent release. These amendments to the corporate insolvency regulations are designed to streamline procedures, safeguard the interests of creditors, and foster increased investor involvement in resolution processes. A…
Pool maker told to pay up over faulty pool or face liquidation Stuff Read the original article here
NCLT restrains Mumbai Collector from asset recovery on Shree Ram Urban Infrastructure during insolvency proceedings | Representational Image Mumbai: The National Company Law Tribunal (NCLT) in its recent orders have restrained the Collector and District Magistrate of Mumbai City from initiating any recovery proceedings or creating any third-party interests in the assets of Shree Ram…
Photo: https://archive.nclt.gov.in/ The National Company Law Tribunal (NCLT), Mumbai has admitted insolvency plea against Reliance Infrastructure Ltd. filed by IDBI Trusteeship Services Ltd. In April 2022, IDBI Trusteeship had filed a petition for initiating corporate insolvency resolution process (CIRP) against Reliance Infrastructure, under section 9 of the Insolvency and Bankruptcy Code, alleging a default of ₹88.68 crore as…
NCLAT approves insolvency proceedings against Jaypee Cement Corp, rejecting appeals. Debt default proved; CIRP to proceed despite parent company’s restructuring efforts. New Delhi, Jun 2 (PTI) The insolvency appellate tribunal has approved the insolvency proceedings against the debt-ridden Jaypee Cement, upholding an earlier order passed by the National Company Law Tribunal (NCLT). A two-member bench…
Liquidated firewood supplier’s gear goes under the hammer TheBusinessDesk.com Read the original article here
IBBI notifies amendments to streamline corporate insolvency process YourStory.com Read the original article here
New Delhi: The IBBI has notified amendments to the regulations governing corporate insolvency, aiming to streamline procedures, protect creditor interests, and encourage greater investor participation in resolution processes. The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency Resolution Process for Corporate Persons Fourth Amendment regulations, 2025 on May 26, according to a release.…
Did the FSCA break the law by handing over investigation records in a court case against Banxso (Pty) Ltd? That’s one of the questions Judge Andre le Grange will decide when he hands down his judgment. Banxso wants certain evidence thrown out of court – evidence its former client used to back a provisional liquidation…
New Delhi [India], May 28 : Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA. As per the ICRA, only 724 companies were admitted for insolvency, a sharp 28 per cent drop from 1,003 in the previous year.…