Govt plans to extend suspension of fresh insolvency proceedings till March – Mint

New Delhi: Finance Minister Nirmala Sitharaman on Monday said the government is planning to extend the suspension of fresh insolvency proceedings for another three months, a move which will provide major relief to corporate borrowers hit by the coronavirus pandemic. Addressing the Bangalore Chamber Of Industry And Commerce (BCIC), she said the government has taken…

Corporate Insolvency: IBBI may rein in engagement of third party consultants – BusinessLine

Insolvency professionals appointed under the Insolvency and Bankruptcy Code (IBC) may not find it all that easy to contract out their duties to third party consultants or advisors (including non Insolvency Professional Entity) during corporate insolvency resolution process (CIRP) if the latest IBBI discussion paper is anything to go by. The Insolvency and Bankruptcy Board…

Press Release: BUSINESS LIFELINE TO END NYE DISTRESSED BUSINESSES SHOULD SEEK PROFESSIONAL HELP ASAP – PRWire

Insolvency advisor urges businesses to address insolvency issues this year before Safe Harbour moratorium ends MEDIA RELEASE 18 December, 2020 FOR IMMEDIATE RELEASE BUSINESS LIFELINE TO END NYE BUSINESSES SHOULD SEEK PROFESSIONAL HELP ASAP -Insolvency Advisor urges businesses to address insolvency issues this year before Safe Harbour moratorium ends, to avoid tradinginsolvent on or after…

Ombudsman: Small business sector resilient through COVID-19 crisis – Business News Australia

A new report from the Australian Small Business and Family Enterprise Ombudsman has confirmed the resilience of small businesses in the face of challenging conditions. The report, released by Ombudsman Kate Carnell today, provides a statistical overview of small business performance in Australia, using data available from the Australian Bureau of Statistics (ABS) and other…