Insolvency resolution: Centre tightens due diligence norms – The Indian Express

By: ENS Economic Bureau | New Delhi | Published:November 8, 2017 1:54 am (Representational Image) In what would make it tougher for unscrupulous elements, including promoters, to manipulate the insolvency resolution process of a stressed firm, the government on Tuesday amended the Corporate Insolvency Resolution Process Regulations, providing for more stringent scrutiny of resolution applicants…

Insolvency resolution norms made stringent – The Hindu

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IBBI strengthens Due Diligence framework under the Insolvency and Bankruptcy Code, 2016 – WION

Insolvency and Bankruptcy Board of India has amended its corporate insolvency resolution process regulations to ensure that as part of due diligence prior to approval of a resolution plan, the antecedents, credit worthiness and credibility of a resolution applicant, including promoters, are taken into account by the  Committee of Creditors. With a view to ensure…

Kangaroo Island Council has secured full and final payment of outstanding debts, totalling $39000, to three island … – The Islander

Kangaroo Island Council has secured full and final payment of outstanding debts, totalling $39,000, to the three island-based businesses which provided materials and services to the airport upgrade project material crushing contractor, NBS (Excavations) Pty Ltd. The company placed themselves into voluntary liquidation on February 13, and the monies had been outstanding since that time. The three…