Lok Sabha clears Insolvency Reform Bill to accelerate resolutions, boost investor confidence – The Statesman
Lok Sabha clears Insolvency Reform Bill to accelerate resolutions, boost investor confidence The Statesman Read the original article here
Cotton On Asia to close
SINGAPORE – Cotton On Asia is set to close, according to a notice published in the Government Gazette on March 30. In the notice, it stated that at a extraordinary general meeting held via a video teleconference call on March 25, liquidators from PwC Singapore were appointed to wind up the business. Checks on the…
Sitharaman defends IBC citing higher recoveries and post-resolution performance of firms
Finance Minister Nirmala Sitharaman speaking in Lok Sabha during the Budget Session of Parliament, in New Delhi on Monday. | Photo Credit: ANI Finance Minister Nirmala Sitharaman on Monday (March 30, 2026) defended the Insolvency and Bankruptcy Code (IBC) in Parliament, citing the high level of realisations from the distressed assets, recovery for creditors, and…
Interserve liquidation moves forward after Qatar tax issue resolved
A winding up of Interserve has taken a giant step forward following the resolution of a tax wrangle with Qatari authorities. Liquidators for Interserve plc, which collapsed in 2019, have now received the greenlight from Qatari officials to sell its shares in Al Binaa Contracting Company. Authorisation for their sale had eluded liquidators at EY…
Completion of Member’s Voluntary Liquidation of Keppel Telecoms Pte Ltd Announced by Keppel Ltd 1 – Minichart
Keppel Ltd. Completes Voluntary Liquidation of Dormant Subsidiary: What Investors Should Know Key Highlights Keppel Ltd. announced the completion of the member’s voluntary liquidation of its dormant subsidiary, Keppel Telecoms Pte Ltd. The company had previously made an announcement regarding the commencement of this voluntary liquidation on 27 January 2025. The liquidation process has now…
Norwich City Council’s Lion Homes enters liquidation
Lion Homes, which was Norwich City Council’s social and affordable housing arm, has appointed liquidators after City Hall agreed to close and liquidate the company last year. Accounts show the firm made £5 million in losses in five years, while homes in one development it built were sold for less than what they cost to…
We must rethink insider lending in cases of corporate insolvency | Mint New Delhi – newspaper
Related-party creditors of insolvent firms should be asked to show that the credit extended was not actually equity in disguise – M. S. SAHOO & DHANYA JHA Should insiders that lend to their own companies stand in the same queue as arm’s-length creditors in insolvency? The answer, at least in liquidation, is largely ‘yes’ under the…
Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aiming to cut delays and strengthen creditor rights – The Statesman
Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aiming to cut delays and strengthen creditor rights The Statesman Read the original article here
IBC | Operational Creditor Cannot Unilately Adjust Security Deposit Against Pre-CIRP Dues After Moratorium Kicks In: Supreme Court
“A security deposit remains the property of the entity making the deposit until a valid adjustment is made; once the moratorium under Section 14 IBC kicks in, the recovery of pre-CIRP dues must concede to the procedure envisaged in the IBC.” Supreme Court of India. Supreme Court, in a significant ruling, held that an operational…
Lok Sabha Passes Insolvency and Bankruptcy Code (Amendment) Bill, 2025
The Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, with 12 amendments. It introduces a creditor-driven insolvency process, stricter timelines, and new provisions for cross-border and group insolvency. The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 passed in the Lok Sabha on Monday. Featuring 12 amendments, the revised legislation introduces significant changes…