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...
Year: 2022
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...
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...
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...
Alok Industries revival faces many challenges
Alok Industries, which underwent a corporate insolvency resolution process, has been making steady progress even if it is struggling to...
Sahara Hospitality escapes insolvency proceedings by paying Rs 8 cr to creditor
The insolvency application filed against Sahara Hospitality has been withdrawn by operational creditor Delta Electro Mechanical Private Ltd. under Section...
Dalmia Cement (Bharat) among two left in race to acquire Andhra Cement
Dalmia Cement (Bharat) Limited and Sagar Cements Limited are in the race for acquiring Jaypee Group’s Andhra Cement, which is...
NCLT snubs Amazon as it dismisses latter’s plea against insolvency petition of Future Retail
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted Bank of India’s plea to initiate corporate...
Australia makes far-reaching changes in insolvency laws
On 6 April 2022, the Attorney-General's Department in Australia announced changes to the Insolvency Practice Rules 2016. The changes are reflected...
Appu Hotels CIRP period extended by 90 days
The Corporate Insolvency Resolution Process (CIRP) of Chennai-based Appu Hotels continues to get dragged even as the promoters propose a...