Govt introduces insolvency law amendment bill in Lok Sabha – YourStory.com
Govt introduces insolvency law amendment bill in Lok Sabha YourStory.com Read the original article here
IBC Amendment Bill 2025, has provisions for faster and efficient resolution of insolvency cases
New Delhi [India], August 13 (ANI): Finance Minister Nirmala Sitharaman on Tuesday introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 in the Lok Sabha, aiming to reduce delays and strengthen governance of the insolvency resolution process. The Bill, which proposes several structural and procedural changes to the Insolvency and Bankruptcy Code (IBC), 2016, was…
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IBC Amendment Bill 2025 proposes faster, broader insolvency processes
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, tabled in Parliament, seeks to overhaul the IBC framework with provisions for creditor-initiated insolvency, domestic group insolvency, cross-border proceedings, and faster resolution timelines. To address long delays, currently averaging over 434 days versus the mandated 14, the Bill amends Section 7 to ensure financial creditor applications are…
IBC Amendment Bill 2025 proposes faster, broader insolvency processes
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, tabled in Parliament, seeks to overhaul the IBC framework with provisions for creditor-initiated insolvency, domestic group insolvency, cross-border proceedings, and faster resolution timelines. To address long delays, currently averaging over 434 days versus the mandated 14, the Bill amends Section 7 to ensure financial creditor applications are…
Nocookies | Sky News Australia
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Evergrande faces delisting as creditors demand repayment amid liquidation orders – CHOSUNBIZ – Chosun Biz
Evergrande faces delisting as creditors demand repayment amid liquidation orders – CHOSUNBIZ Chosun Biz Read the original article here
Afristrat liquidation ‘an attempt to misattribute responsibility’ – ex MyBucks SA boss
Former MyBucks SA CEO David van Niekerk claims the provisional liquidation of Ecsponent, the previously JSE-listed company now renamed Afristrat, appears to be an attempt to rewrite history and misattribute responsibility for the group’s dire financial situation. Van Niekerk said the underlying issue remains the actions of Afristrat CEO George Manyere, “not only as a…
FM introduces insolvency law amendment bill in Lok Sabha to curb delays
Finance Minister Nirmala Sitharaman on Tuesday introduced Bankruptcy Code Amendment Bill, 2025 to amend the Insolvency and Bankruptcy Code, 2016. The bill has proposed multiple changes to fast-track the insolvency proceedings in the country. The amendments proposed pertain to curbing delays by empowering creditors to initiate insolvency process outside of court in case of genuine…
Luxury items seized in S$3 billion money laundering case handed over to Deloitte for liquidation
[SINGAPORE] A total of 466 luxury items and 58 pieces of gold bars from the S$3 billion money laundering case have been handed over by the police to professional services firm Deloitte to manage and liquidate. They include Patek Philippe and Richard Mille watches, multiple diamond-encrusted jewellery, Hermes and Louis Vuitton handbags. The gold bars…