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…
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…
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…
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
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 Read the original article here
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 Read the original article here
Futaba Industrial Injects Capital into Chinese Unit Ahead of Liquidation TipRanks Read the original article here
Ejaso has integrated Iureko Abogados y Economistas, a Seville-based firm specialising in corporate, insolvency and banking law. The transaction involves the appointment of Cecilia Franco Romero and José María Ortega Segura as new partners of Ejaso in its Seville office, which is led by Javier Romero Macías. Cecilia Franco, an expert in corporate, insolvency/restructuring, banking…