IMF financial stability report hints at increasing corporate defaults, insolvencies
The latest Global Financial Stability Report of the International Monetary Fund (IMF) has hinted at higher default and insolvency risks...
Year: 2021
UK court orders winding up of retail giant Debenhams
A UK court has passed a winding up order against Debenhams PLC on 25 January 2021 and appointed the official...
Unwinding govt support may increase default risks among weaker companies in 2021: Moody’s
The uneven economic recovery in Asia and gradual unwinding of government support will also weigh on banks' asset quality to...
Insolvency application cannot be rejected merely because of technical defects, says NCLAT
Dismissal of application as being non-maintainable for technical defects such as omission in appending of signatures on the application in...
In first judgement, Chennai NCLAT saves liquidator from ignominy; asks NCLT to remove adverse remarks
In its first judgement, the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) came to the rescue of...
NCLAT adjudicated 69% of cases filed during pandemic
Union minister of Finance and Corporate Affairs Nirmal Sitharaman Minister commended the role the National Company Law Tribunal (NCLT) and...
IBC passes another test of constitutionality as SC upholds IBC Amendments Act 2020
By Megha Mittal and Ishika Basu In view of the rising need to fill critical gaps in the corporate insolvency...
Key takeaways from Supreme Court judgement upholding amendments in Section 7, 11 and 32A
The Insolvency and Bankruptcy Code (Amendment) Act, 2020, among others, inserted three provisos to section 7(1), an additional explanation tosection...
When a Sydney-based liquidator diverged insolvent Co. funds to personal accounts
A former registered liquidator from Lewisham, New South Wales, Amanda Young, has pleaded guilty to one count of fraud relating...
The turnaround story of Monnet Ispat and Energy
Monnet Ispat and Energy Ltd, renamed as JSW Ispat Special Products Ltd after its takeover by JSW Steel and AION...