The proposed changes will impart greater transparency and operational clarity to the insolvency resolution process, which in turn is expected to reduce delays ...

The Supreme Court has clarified insolvency proceedings. The National Company Law Tribunal only needs to confirm a debt default to admit a case. It does not need to examine if the company can pay. This ...

The judgment effectively neutralises several statutory provisions, a phenomenon legal scholars term as interpretative erasure whereby explicit legislative commands are rendered functionally invisible ...

Under Section 14 of the Insolvency and Bankruptcy Code, 2016 (“IBC”), once a company enters Corporate Insolvency Resolution Process (“CIRP”), a moratorium is de ...

This is a clear departure from the scheme of winding up envisaged under Section 433 (e) of the erstwhile Companies Act, 1956 which required the Adjudicating Authority to come to a finding with regard ...

Insolvency experts, however, some provisions are necessary to be introduced to ensure that the adjudication of delayed claims is not an automatic process, and the Claimant must be able to provide ...

Beloved cookie company files for bankruptcy years after explosive growth - Customers compare Taylor Chip to the national phenomenon Crumbl due to their similar oversized, gooey cookies with unique fla ...

In early 2024, the agency that oversees cybersecurity for much of the US government issued a rare emergency order — disconnect your Connect Secure virtual private network software immediately. Chinese ...

The Tuscan fashion house closed last year with a net profit of €142 million and revenue of €1,4 billion. A dividend of €1,04 per share is proposed.

It was ruled that claims arising before insolvency commencement cannot be enforced if not part of the approved Resolution Plan. The penalty imposed by the Enforcement Directorate was ...

Man" can be a heady experience. But if you aren't careful, you can head for disaster when you use a tool which can use you ...

The move stopped a pending foreclosure and land auction filed by one of the creditors of the now-shuttered school in Scotland County.