A comprehensive new study has revealed that the Insolvency and Bankruptcy Code (IBC) functions less as a formal resolution mechanism for Micro, Small, and Medium Enterprises (MSMEs) and more as a high-pressure settlement tool, where most cases are resolved before they even enter the courtroom. The report, titled “MSMEs in the IBC” and released by the Management…
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This marks a clear shift from the earlier framework under the Insolvency and Bankruptcy Code, 2016. While Section 12A, introduced through a subsequent amendment, required 90 per cent CoC approval for withdrawal, courts had allowed considerable flexibility, permitting settlements and withdrawals at various stages of the process. The 2026 amendment narrows this flexibility by statutorily…
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Final, Chapter 07.04.2026 – 07:22:07 | boerse-global.de The former EV charging pioneer Tritium DCFC is in final liquidation. Its assets and brand are now owned by Exicom Tele-Systems, with no value recovery expected for original shareholders. Final Chapter for Tritium Shareholders as Liquidation Concludes…