CIRP Compliance Simplified: IBBI Unveils 5 New Revised Forms – Find Them Here! – Taxscan
CIRP Compliance Simplified: IBBI Unveils 5 New Revised Forms – Find Them Here! Taxscan Read the original article here
Husband-and-wife directors banned after taking payments for singing waiters when company was insolvent
Frederick and Claire Reeves hired people who would burst into song at social events such as weddings The husband-and-wife allowed their company, Solfan1 Limited, to trade when they knew it was in serious financial trouble and on the verge of liquidation Couples continued to pay deposits or payments in full when Frederick and Claire Reeves…
UK insolvency trade body R3 appoints new president
Tom Russell has also outlined five key objectives for his tenure at R3. Credit: khunkornStudio/Shutterstock.com. R3, an insolvency and restructuring trade body in the UK, has named Tom Russell as its new president. In the new role, Russell will collaborate with R3’s CEO, the senior management team, and the council to develop and implement the…
Insolvency board revamps reporting of bankruptcy resolution process to ease compliance burden – Mint
Insolvency board revamps reporting of bankruptcy resolution process to ease compliance burden Mint Read the original article here
IBBI streamlines CIRP with new framework
The Insolvency and Bankruptcy Board of India (IBBI) has announced a significant reform to the Corporate Insolvency Resolution Process (CIRP) with the introduction of a simplified and streamlined forms framework. Effective June 1, 2025, this move aims to substantially reduce the compliance burden on Insolvency Professionals (IPs) while enhancing the efficiency and oversight of insolvency…
Nocookies | Sky News Australia
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Geospatial Council of Australia Goes Into Administration
The Geospatial Council of Australia (GCA) has filed for voluntary administration, saying it needed to do so to ensure the council’s long-term viability and ongoing service delivery. “The GCA has recently faced a combination of challenges that have led us to this position, including continued delays in the settlement of Surveyors House in Canberra, as…
Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low: ICRA
Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA. As per the ICRA, only 724 companies were admitted for insolvency, a sharp 28 per cent drop from 1,003 in the previous year. The number of approved resolution plans…
IBC sees better recoveries, lower liquidations in FY25, albeit with longer resolution time – ICRA calls for reforms – Industry News
India’s insolvency landscape witnessed mixed developments in FY2025, with a marginal decline in the number of approved resolution plans and a sharp drop in cases admitted under the Corporate Insolvency Resolution Process (CIRP). Per an analysis report by ICRA, the number of resolution plans (RP) approved by the National Company Law Tribunal (NCLT) under the…