Corporate Insolvency Resolution Process has to be completed in 330 days: Report – Free Press Journal

The Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC) has to be completed within the 330-day deadline prescribed under the law, the Supreme Court ruled on Monday (Ebix Singapore v. Committee of Creditors of Educomp), according to a news report. “Judicial delay was the reason why the earlier insolvency regime failed…

Reebonz files voluntary liquidation, reportedly caved under liabilities worth SG$65m – Marketing Interactive

Luxury marketplace Reebonz has reportedly caved under liabilities estimated to be around SG$65 million and according toThe Business Timeshas appointed a provisional liquidator to wind up the company. Co-founder Samuel Lim took out notices in BT on 10 September to alertcreditors that Reebonz is “in creditors’ voluntary liquidation”. Lim explained in the notice that Reebonz…

Widow sues Daintree zip-line company, engineers for millions after husband falls to his death – ABC News

The wife of a man who died after plunging from a zip-line in Far North Queensland has launched a multi-million-dollar lawsuit against those she holds responsible. Key points: The family of zip-line victim launch a multi-million-dollar lawsuit in Cairns court Adelaide man Dean Sandersondied after falling while on the Jungle Surfing Canopy Tours apparatus His…

The Share of #corporate Insolvency Resolution Processes Initiated by Corporate … – Latest Tweet by IANS – LatestLY

The share of #corporate insolvency resolution processes (CIRP) initiated by corporate debtors themselves have declined over the years since the inception of the Insolvency and Bankruptcy Code (IBC). pic.twitter.com/ID18dQz0OM IANS Tweets (@ians_india) September 11, 2021 (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and…

Share of insolvency process initiated by debtors declining over time – Free Press Journal

The share of corporate insolvency resolution processes (CIRP) initiated by corporate debtors themselves have declined over the years since the inception of the Insolvency and Bankruptcy Code (IBC). Data from the Insolvency and Bankruptcy Board of India (IBBI) showed that as of March 2017, out of the total CIRPs, seven were triggered by operational creditors,…