What does Crystal Jade receivership mean for employees?

SINGAPORE – Crystal Jade’s holding companies in Singapore and Hong Kong have been placed under receivership – but what does that mean? There has been a slew of recent news about distressed companies, ranging from those under receiverships to those that face liquidation. The different circumstances a distressed company finds itself in also affect employees…

Delays, recoveries and ethics pose key challenges for IBC: IBBI chairperson | Economy & Policy News

The Insolvency and Bankruptcy Code (IBC)-led corporate insolvency resolution framework in the country may be changing the credit culture of the country, but it is challenged by delays, smaller realisations and ethical issues, Insolvency and Bankruptcy Board of India (IBBI) chairperson Jayanti Prasad said on Thursday.   “Our biggest concerns are the time delay and…