Kangaroo Island Council has secured full and final payment of outstanding debts, totalling $39000, to three island … – The Islander

Liquidation

Kangaroo Island Council has secured full and final payment of outstanding debts, totalling $39,000, to the three island-based businesses which provided materials and services to the airport upgrade project material crushing contractor, NBS (Excavations) Pty Ltd. The company placed themselves into voluntary liquidation on February 13, and the monies had been outstanding since that time. The three…

Getting a fix on the term ‘dispute’ under the Insolvency and Bankruptcy Code – Moneycontrol.com

Liquidation

Ramit Chitkara Its been more than a year since the all-new corporate insolvency framework of the country (hereinafter referred to as the IBC) got notified followed by regulations over tranches. IBC is one of the biggest reforms by the government just after the GST, wherein it offers early identification of corporate distress with time-bound resolution…

First set of insolvency rules for corporate guarantors, individual businesses may kick in by Dec – Hindu Business Line

Liquidation

So far, reservations have been raised mostly on the threshold of 1,000 default that can trigger insolvency proceedings Kolkata, November 3:   The Centre is likely to introduce the first set of insolvency regulations relating to corporate guarantors and individual businesses that include proprietorships and firms, Ranjeeta Dubey, Deputy General Manager, Insolvency and Bankruptcy Board of…