Need to improve liquidation outcomes: IBBI chairman

Insolvency and Bankruptcy Board of India (IBBI) Chairman Ravi Mital said there is a growing need to improve liquidation outcomes under the Insolvency and Bankruptcy (IBC) Code, 2016. “It is observed that till December 2024, in the completed liquidation cases, the amount realised by claimants has been very low as compared to the Corporate Insolvency…

North East tech firm wound up after 15 years

MediaTechDealsMarTechSportTech A North East tech firm which helped pubs to make money from their TV screens has entered liquidation. Screenreach Interactive, which was based in Newcastle but is registered in Morpeth, Northumberland, allowed hospitality venues to sell third-party advertising on screens. The firm’s Screach app also allowed them to stream sports events without a cable…

Need to improve liquidation outcomes: IBBI chairman

Insolvency and Bankruptcy Board of India (IBBI) Chairman Ravi Mital said there is a growing need to improve liquidation outcomes under the Insolvency and Bankruptcy (IBC) Code, 2016. “It is observed that till December 2024, in the completed liquidation cases, the amount realised by claimants has been very low as compared to the Corporate Insolvency…

Financial Creditors’ involvement in project monitoring does not absolve Corporate Debtors from repayment obligations: NCLAT

National Company Law Appellate Tribunal, New Delhi: In an appeal filed by the suspended director of the corporate debtor challenging the Adjudicating Authority’s order dated 08-01-2025 admitting an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), a 3-member bench of Ashok Bhushan, J. (Chairperson), Barun Mitra (Technical Member) and Arun Baroka…