Insolvency & Bankruptcy Code (IBC), labelled as among the iconic watershed-moments of Indian legal history has been under intense scrutiny for some time now. Recent observations around judicial delays, higher liquidation rates (compared to resolution) and lower recoveries have cast a spotlight around this milestone. Some years ago, the IBC was hailed as the saviour…
The global financial crisis has pushed many businesses into a state of instability. When companies are struggling with difficult choices, Deloitte Legal can assist with suggesting options to help recovery, such as restructuring outside of insolvency proceedings, a structured sale or provide assistance with judicial insolvency proceedings. We work with companies in distress as well…
Genetic Technologies Navigates Critical Financial Decisions Amidst Voluntary Administration TipRanks Read the original article here
Dozens of Limerick jobs at risk as popular retailer faces liquidation MSN Read the original article here
Mastek Limited Initiates Voluntary Liquidation of Evosys Kuwait WLL TipRanks Read the original article here
The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Cubical Realty Pvt Ltd for Vidhant Realty Pvt Ltd, bringing an end to its corporate insolvency resolution process (CIRP). The plan was cleared with 100% approval from the Committee of Creditors (CoC). The insolvency proceedings were initiated after…
When does a director first come under a duty to consider the interests of creditors (Creditor Duty)? How should the Creditor Duty be weighed up in a director’s decision on whether to authorise the repayment of shareholder loans and to declare dividends? In the very recent decision of Foo Kian Beng v OP3 International Pte…
Redwood City medical device company to liquidate, pay off creditors The Business Journals Read the original article here
R3 responds to January 2025 insolvency statistics The Yorkshire Post Read the original article here
Builder owed $850,000 to creditors, including kayak trainer The Press Read the original article here