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…
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 Read the original article here
“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…
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…
The company was due to receive $1.7m in funding by tomorrow. © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. Wellington-based car company Mevo has been placed into voluntary administration. It comes a month after the company raised close to $3.3m on the crowdfunding…
Lok Sabha passes Bill to amend Insolvency and Bankruptcy Code; FM assures ‘interests of workmen are not compromised’ livemint.com Read the original article here
ANI | Updated: Mar 30, 2026 14:28 IST New Delhi [India], March 30 (ANI): The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 passed in the Lok Sabha on Monday. Featuring 12 amendments, the revised legislation introduces significant changes to India’s insolvency resolution framework, including new creditor-driven mechanisms, stricter timelines, and provisions for cross-border and group…
Lok Sabha passes Bill to amend Insolvency and Bankruptcy Code; FM assures ‘interests of workmen are not compromised’ livemint.com Read the original article here
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