The retail, accommodation and food services sector have seen a spike in corporate insolvency appointments over the last 12 months, in line with industry concerns. The accommodation and food services industry saw a 21 per cent spike in corporate insolvency appointments over the 2017–18 financial year, while the retail trade sector saw a 19 per…
Income Tax Department cannot initiate Legal Proceedings upon Commencement of CIRP: NCLT Studycafe Read the original article here
On 6 April 2026, the Insolvency and Bankruptcy Code (Amendment) Act, 2026 received Presidential assent, with the objective of strengthening the credibility, speed, and predictability of the insolvency framework, while carefully balancing the interests of creditors, corporate debtors, and other stakeholders. This Act primarily amends the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC).…
Miami-based fintech company Pepper Pay LLC has entered Chapter 7 bankruptcy. The company sought to streamline digital payment solutions for small businesses. The voluntary filing, submitted on March 31, 2026, to the U.S. Bankruptcy Court in the Southern District of Florida, signals the start of a liquidation process aimed at distributing the firm’s limited resources…
Luminar Technologies Confirms Liquidation Plan and Ends Operations TipRanks Read the original article here
Care provider plunges into liquidation Care Home Professional Read the original article here
Under the Trump administration, the U.S. has adopted sweeping tariffs on nearly every trading partner, with a promise of more on a range of strategic sectors including industrial metals and critical minerals, pharmaceuticals, semiconductors, and automobiles. These actions have provoked countermeasures from China and others. While these developments are rightly seen as geopolitical, trade actions—and…
Videocon Industries Limited Reports Q1FY25 Financial Results Under Corporate Insolvency Resolution Process scanx.trade Read the original article here
Tsubaki Nakashima Books Extraordinary Loss After Liquidating Singapore Holding Unit TipRanks Read the original article here
A comprehensive new study has revealed that the Insolvency and Bankruptcy Code (IBC) functions less as a formal resolution mechanism for Micro, Small, and Medium Enterprises (MSMEs) and more as a high-pressure settlement tool, where most cases are resolved before they even enter the courtroom. The report, titled “MSMEs in the IBC” and released by the Management…