The Insolvency and Bankruptcy Code, 2016 was introduced as a comprehensive framework, aiming to facilitate the reorganization and insolvency resolution of corporate entities in a time-bound manner, with the primary goals of maximizing the value of assets, promoting entrepreneurship, and enhancing credit availability. In addition to the above, one of the key objectives of the…
Canara Bank Classifies Reliance Communications Subsidiary Credit Facilities as Fraud scanx.trade Read the original article here
(Pic: Shutterstock) Lawyers at Philip Lee have described a recent High Court decision as “an important post-Brexit development for cross-border insolvency in Ireland”. They were commenting on the court’s recent recognition and enforcement, in a post-Brexit context, of an Individual Voluntary Arrangement (IVA) that was agreed in the North. An IVA is a…
The proliferation of cryptocurrency holdings on corporate balance sheets has introduced a novel dimension to insolvency practice in India. Once purely speculative, cryptocurrency is now also held as treasury reserves, trading inventory and collateral. Within the Indian insolvency framework, the central question is no longer whether cryptocurrency is relevant to insolvency proceedings, but how it…
The entire sugar eco-system and stakeholders require certainty and a sustainable solution before the insolvency court sits to hear the BRP’s application for provisional liquidation of THL . (Delwyn Verasamy/M&G) Before the hearing of the provisional liquidation of Tongaat Hullet Limited (THL) starts in the Durban High Court, there are a few things that interested…
The government has stepped up efforts to prevent the provisional liquidation of Tongaat Hulett Limited (THL), warning that the collapse of the sugar producer would have devastating consequences for thousands of jobs and rural livelihoods, particularly in KwaZulu-Natal. Last month, Tongaat Hulett business rescue practitioners announced that they had filed an application to the High Court seeking…
More than 60 unsecured creditors unlikely to be repaid as propagation business liquidated The Press Read the original article here
GrabOne to be relaunched under Paradigm Group after liquidation shutdown … Read the original article here
Digital Asset Acquisition reported a net income of $4.24 million and earnings per Class A ordinary share of $0.25 for the year ended December 31, 2025, despite recording a negative operating income of $(379,159) largely driven by general and administrative costs tied to IPO preparation. The company recorded no operating revenues for the period and…
Major Aussie online car seller collapses News.com.au Read the original article here