February 7, 2025 The Insolvency and Bankruptcy Board of India (IBBI) has proposed a new framework aimed at enhancing the efficiency of the Corporate Insolvency Resolution Process (CIRP). This initiative addresses the challenges faced by interconnected corporate entities undergoing insolvency. The discussion paper released by IBBI marks various inefficiencies and conflicts that arise when multiple…
Abbey Marketing Communications and connected company Spirit DM have gone into liquidation. Notices published today (7 February) on The Gazette said liquidators were appointed at Abbey Marketing Communications Limited and Spirit D M Limited on 30 January. Nedim Ailyan and Ben Stanyon, both of FRP Advisory Trading in Orpington are listed as the joint liquidators…
Lai Sun Garment Initiates Liquidation of Subsidiary Amidst Strategic Restructuring TipRanks Read the original article here
Addleshaw Goddard has recruited insolvency litigation specialist Sophia Harrison as a partner in restructuring, focusing on its insolvency dispute resolution (IDR) practice. Ms Harrison is dual-qualified in England & Wales as a barrister and in Scotland as a solicitor. She has a UK-wide practice focusing on corporate insolvency litigation, asset recovery and contentious corporate restructurings,…
February 7, 2025 – The Insolvency and Bankruptcy Board of India (IBBI) has provided significant relief to homebuyers through a rule change which says that even if a builder is bankrupt or a bankruptcy process is underway for a project, possession of the flat, plot, apartment or building can still be taken. This will ensure…
The Delhi High Court bench of Justice Manmeet Pritam Singh Arora has held that in accordance with Section 32A(1) of the Insolvency and Bankruptcy Code, 2016 (IBC), a Corporate Debtor that has successfully undergone a resolution process under Section 31 of the IBC shall not be prosecuted for offences committed prior to the commencement of…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
By MATT JONES FOR DAILY MAIL AUSTRALIA Published: 16:56 AEDT, 7 February 2025 | Updated: 16:56 AEDT, 7 February 2025 An Aussie property giant has been thrown a lifeline after creditors agreed to take a substantial cut to save them from liquidation. Creditors have signed off on a rescue deal with Melbourne-based property developer Bensons…
The Court has the discretion to liquidate the company which is unable to pay its debts. This was held in a judgment delivered by Mr Justice Ian Spiteri Bailey presiding over the Civil Court (Commercial Section) on 29 January 2025. The case is ICE Net SA vs EFT Global Limited. In its sworn application the…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…