Policyholders face $120m in losses as PHL Variable slides into liquidation – Insurance Business
Policyholders face $120m in losses as PHL Variable slides into liquidation Insurance Business Read the original article here
IBC | Joint Insolvency Plea Maintainable Against Intrinsically Linked Corporate Debtors: Supreme Court
The Supreme Court has ruled that a joint petition for the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code (IBC) is maintainable against separate corporate entities if they are “intrinsically linked” to a single project. The Court upheld the admission of insolvency proceedings against M/s. Grand Venezia Commercial Towers…
Single Insolvency Petition Maintainable Against Corporate Entities Which Are Intricately Linked : Supreme Court
In a relief to homebuyers, the Supreme Court on Monday (February 2) held that in real estate projects, a single insolvency petition under Section 7 of the Insolvency & Bankruptcy Code is maintainable against more than one corporate entity if they are intrinsically connected in the execution and marketing of the project.A bench of Justices…
Freezing Of Bank Accounts During Insolvency
Imagine a corporate debtor undergoing the Corporate Insolvency Resolution Process. Every rupee lying in its bank accounts becomes critical to sustain operations, pay employees and preserve value for creditors. Yet, at the same time, the Enforcement Directorate or other investigating agencies may step in on allegations of money laundering and freeze those very accounts. What…
ILS Law College Pune win 12th NLIU-VKC Law Offices National Corporate Law Moot 2026
The final round was judged by a bench of Karnataka High Court Justice Chillakur Sumalatha; Delhi High Court Justice Mini Pushkarna; NLIU, Senior Prof (Dr) Ghayur Alam; Dean,Post-Graduate Studies, NLIU, Prof (Dr) Sanjay Yadav; and Managing Partner, VKC Law Offices, Varun Kumar Chopra. Read the original article here
Faster Insolvency Aims for Global Edge
India’s Evolving Insolvency Framework Set for Major Overhaul The Indian financial ecosystem is poised for further refinement with the upcoming tabling of the Insolvency and Bankruptcy Code (Amendment) Bill, 2025. This legislative push, confirmed by Finance Minister Nirmala Sitharaman, signals a continued commitment to enhancing the efficiency and global standing of India’s corporate insolvency…
Financial losses make it “impossible” for Solfest to continue trading – StandOut Magazine
Financial losses make it “impossible” for Solfest to continue trading StandOut Magazine Read the original article here
County Antrim director disqualified for 14 years
Date published: 2 February 2026 The High Court has made a Disqualification Order against the director of companies which traded in business activities including licensed restaurants, take-away food shops and mobile food stands. The Order was made for fourteen years against Jacqueline Clarke (63) of The Mill, Six Mile Water Mill, Co. Antrim in respect…
Sino Oil and Gas in Liquidation Reports No Progress on Trading Resumption – TipRanks
Sino Oil and Gas in Liquidation Reports No Progress on Trading Resumption TipRanks Read the original article here
Futaba Industrial Injects Capital into Chinese Unit Ahead of Liquidation – TipRanks
Futaba Industrial Injects Capital into Chinese Unit Ahead of Liquidation TipRanks Read the original article here