Mystery buyer makes eleventh hour bid for Zorzi – The West Australian
Mystery buyer makes eleventh hour bid for Zorzi The West Australian Read the original article here
Lenders willing to offer lower rates to distressed firms since IBC took effect, says insolvency board – Mint
Lenders willing to offer lower rates to distressed firms since IBC took effect, says insolvency board Mint Read the original article here
IBC results in 4% reduction in overall leverage: IBBI Study
The Insolvency and Bankruptcy Code (IBC) has triggered a paradigm shift in India’s corporate debt landscape, fostering fiscal discipline while enabling strategic adjustments for distressed firms, according to a recent study by the Insolvency and Bankruptcy Board of India (IBBI). The study shows that after implementation of IBC, there has been a broad-based reduction in…
Banks take 67% haircut in 1,194 insolvency cases yielding resolution
Lenders have recovered Rs 3.89 lakh crore against admitted claims of Rs 12 lakh crore through resolution plans under the Corporate Insolvency Resolution Process (CIRP) till March 2025, resulting in a recovery rate of 33%. This means on average bankers have taken a haircut of 67% from CIRPs which yielded in resolution. However, the recovery…
Banks take 67% haircut in 1,194 insolvency cases yielding resolution
Lenders have recovered Rs 3.89 lakh crore against admitted claims of Rs 12 lakh crore through resolution plans under the Corporate Insolvency Resolution Process (CIRP) till March 2025, resulting in a recovery rate of 33%. This means on average bankers have taken a haircut of 67% from CIRPs which yielded in resolution. However, the recovery…
Devon bakery business goes bust with huge unpaid debts – Plymouth Live
Devon bakery business goes bust with huge unpaid debts Plymouth Live Read the original article here
JCPenney launches liquidation sales up to 90% as more store closures loom – MSN
JCPenney launches liquidation sales up to 90% as more store closures loom MSN Read the original article here
‘Exploited’ workers awarded $30k after boss calls in the liquidators – Stuff
‘Exploited’ workers awarded $30k after boss calls in the liquidators Stuff Read the original article here
Corporate insolvency resolution cases under the IBC continue to decline
The average time for closure of a CIRP has risen from 614 days in FY23 to 717 days in FY25 | Photo Credit: lakshmiprasad S The Corporate Insolvency Resolution Process (CIRP) initiated by stakeholders such as financial creditors, operational creditors and corporate debtors under the Insolvency and Bankruptcy Code (IBC), 2016, continues to be in…
Monthly company insolvencies rise to highest level since last July
Business insolvencies rose in April to their highest level since July last year after firms faced fresh tax increases, according to official data. Registered company insolvencies in England and Wales grew by 3% to 2,053 in April compared with the previous month, the Insolvency Service revealed. It was, however, still down 5% against the same…