CIRP and CIIRP: Understanding the Evolving Framework of Corporate Insolvency Resolution under the IBC

The Insolvency and Bankruptcy Code, 2016 has transformed the way corporate financial distress is addressed in India. Before the IBC, insolvency and recovery matters were often handled through fragmented legal mechanisms, resulting in delays, prolonged litigation, and erosion of asset value. The Corporate Insolvency Resolution Process has been the principal mechanism for…

CIRP and CIIRP: Understanding the Evolving Framework of Corporate Insolvency Resolution under the IBC under the IBC

The Insolvency and Bankruptcy Code, 2016 has transformed the way corporate financial distress is addressed in India. Before the IBC, insolvency and recovery matters were often handled through fragmented legal mechanisms, resulting in delays, prolonged litigation, and erosion of asset value. The Corporate Insolvency Resolution Process has been the principal mechanism for…

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Popular drink brand collapses owing millions

The Australian company behind KSI and Logan Paul’s Prime has collapsed into administration. Picture: Jonathan Ng The Australian company behind Logan Paul and KSI’s Prime sports drinks has collapsed into administration. Administrator Alice Fay Ruhe of The Ruhe Group was appointed this week to oversee Congo Brands Australia, with the first creditors meeting scheduled to…

Liquidation talks for UK construction firm with £2m debts

A meeting is scheduled for July 10 at 10am to discuss Gravel Rock Limited’s ‘creditors voluntary liquidation’. The creditors of the company will convene virtually and vote on whether the business, which was based at Oxford Business Park, should be liquidated. READ MORE: Multiple failings at Thames Valley Police revealed by UK watchdog The company’s…