Month: August 2022

Ebix files for chapter 11 bankruptcy

Further bankruptcy restrictions for bounce-back loan abuse in UK

Five individuals have separately been made subject to bankruptcy restrictions totalling 48 years as the Insolvency Service continues to identify...

Asian Hotels (West)

Insolvency plea under Sec 7 not barred by limitation if debt is acknowledged before expiry of 3-yr period

The Supreme Court of India in an important judgement has held that an application under Section 7 of the Insolvency...

Limited Insolvency Examination

India’s top 25 willful defaulters include Gitanajli Gems, Era Infra

In a reply to a question in Parliament, Minister of State, Finance, Bhagwat Karad released the list of India's top...

Sterling Biotech Fraud

Over Rs 1,800 crore assets attached in Yes Bank, DHFL loan fraud case

The Enforcement Directorate (ED) makes further attachment in the loan fraud case involving DHFL and Yes Bank. In the latest...