Corporate insolvency and the need for an interim moratorium in India
By Anupam Verma and Jay Kothari The Insolvency & Bankruptcy Code, 2016 (Code) has sought to introduce a self-sufficient code to...
Month: November 2020
US bankruptcies decline over past two weeks, but companies still struggling
US bankruptcies continued to grow in the last two weeks during the coronavirus era but at a slower pace than...
Piramal Group’s letter to creditors of DHFL protesting Adani’s ‘unsolicited’ bid
The Adani Group’s submission of bid to acquire the entire business of beleaguered housing finance company -– Dewan Housing Finance...
A lowdown on the controversy around CA exams
As students appearing for the Chartered Accountancy (CA) exam take to social media outraging over mismanagement by the Institute of...
Sale of legal entity as an asset during liquidation process: A step towards value maximization
By Megha Mittal Value maximization of assets of the corporate debtor is one of the primary objectives of the Insolvency...
England, Wales report 42% fewer company insolvencies in October
England and Wales saw 42% less company insolvencies in October 2020 compared to last year. There were 856 company insolvencies...
US bankruptcy filings decline 41% in October; Chapter 11 commercial filings rise 4%
Total US bankruptcy filings in October decreased 41 per cent from last year, according to data provided by Epiq Systems...
Liquidation process gets easier; quicker disposal of disputed assets, early exit option for creditors
In order to make the liquidation process faster, the insolvency regulator has made a couple of important amendments in the...
Amendments in IBC require each creditor to be informed the formula for payment of debt under resolution plan
In view of the growing number of litigations and disputes among creditors arising out of the distribution of realized amount...
ArcelorMittal made to pay Rs 1,300 cr more as CIRP cost in Essar Steel insolvency case
ArcelorMittal India may have to cough up Rs 1,300 crore more as CIRP cost in the insolvency proceeding of Essar...