Insolvency Guardian Media Centre
About Ian Lyall
Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive’s editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually.
Prior to Proactive, Ian helped lead the business output at the Daily… Read more
About the publisher
Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is…
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About Ian Lyall
Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive’s editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually.
Prior to Proactive, Ian helped lead the business output at the Daily… Read more
About the publisher
Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is…
Read the original article here
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[HONG KONG] Liquidators of China Evergrande Group said on Tuesday (Aug 12) they have sold about US$255 million of its assets 18 months into China’s largest debt liquidation process and taken control of more than 100 of the company’s subsidiaries.
They have received creditor claims totalling US$45 billion, the liquidators said in a filing, significantly higher than liabilities of US$27.5 billion in 2022 in the last disclosure.
The liquidation of the world’s most indebted property developer has proved challenging as the majority of Evergrande’s units and assets are onshore and many of them have been seized by creditors.
Given the scale and complexity of the company, Evergrande’s liquidation could take more than a decade to be…
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The National Company Law Tribunal (NCLT), Chennai Bench of Sanjiv Jain (Judicial Member) Shri. Ravichandran Ramasamy (Technical Member) has held that after the initiation of the Corporate Insolvency Resolution Process (CIRP), there can be no encumbrances on the assets of the corporate debtor, and all claims must be dealt with in accordance with Section 53 of the IBC.
The present application has been filed under section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC) seeking impleadment in the Resolution Plan approval application filed by the Resolution Professional. It is further prayed that the Resolution Plan should be remanded to the Resolution Applicant with directions to treat the Applicants at par with other…
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This news release on bankruptcies focuses on the change compared to the previous year and on the bankruptcy rate. This is the number of declared bankruptcies per 100 thousand businesses. The bankruptcy rate provides a clearer picture of the change in the number of bankruptcies in the Netherlands. It also allows for better comparison between sectors. This is because the number of businesses can fluctuate over time and differ greatly between sectors.
| 2021 | July | 17 | 108 |
|---|---|---|---|
| 2021 | August | 12 | 97 |
| 2021 | September | 24 | 117 |
| 2021 | October | 18 | 108 |
| 2021 | November | 19 | 164 |
| 2021 | December | 24 | 135 |
| 2022 | January | 19 | 120 |
| 2022 | February | 21 | 161 |
| 2022 |
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The Federal Office of Public Health BAG revokes the license of the health insurer KluG. Shady practices and negligence on the part of the regulator come to light.
The Zug-based health insurance company KluG is bankrupt. However, it was not the health insurer itself that filed for bankruptcy.
The supervisory authority for social health insurance, the Federal Office of Public Health (FOPH/BAG), already declared insolvency by order last Wednesday, as the regulator announced today, Tuesday.
Benefits concealed in books
The license to provide basic insurance (KVG) will be revoked on December 31, 2025, it added.
KLuG…
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China Evergrande liquidators say US$255 million of assets have been sold NST Online
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The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) at New Delhi recently dismissed an applicant’s challenge to the revival of its Corporate Insolvency Resolution Process (CIRP), noting that the Adjudicating Authority had rightly restored the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) after the corporate debtor failed to honor the terms of a One-Time Settlement (OTS) that it had accepted.
The appeal filed by Bagh Bahar Appliances Pvt. Ltd. arose from an order passed by the National Company Law Appellate Tribunal (NCLT) in an Interim Application filed by the financial creditor and respondent herein – Unity Small Finance Bank Ltd., seeking revival of CIRP citing breach of settlement…
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Finance Minister introduces bill to amend the Insolvency and Bankruptcy Code in Lok Sabha. Bill referred to select committee.
After the introduction, the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 was referred to a select committee of the House following a request from the minister.
The insolvency law is being implemented by the Corporate Affairs Ministry, which is also helmed by Sitharaman.
The Code, introduced in 2016, has undergone six legislative interventions since its enactment and the last amendment was made in 2021.
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