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...
InsolvencyT
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...
India’s first personal insolvency proceeding begins against first gen entrepreneur Anil Syal
Anil Syal, the chief executive officer and promoter of Flywheel Logistics Private Limited (FLPL), has become the first personal guarantor...
Insolvency petitions by home buyers can’t be dismissed by merely citing malicious intent
Should an insolvency plea against the builder by home buyers be dismissed only on the pretext that the petition is...
SAT overturns SEBI decision to levy penalty on Monnet Ispat; says IBC overrides market regulator
The Securities Appellate Tribunal (SAT) has once again emphasized that IBC overrides the Securities and Exchange Board of India (SEBI),...
Madras HC dismisses petition against insolvency professionals requiring authorization for assignment
The Madras High Court has dismissed a writ petition challenging the constitutional validity of the regulation requiring an insolvency professional...
Government losing money as recoveries against statutory dues are a pittance
Is the government losing money at the cost of bankers and other creditors in the Insolvency and Bankruptcy Code (IBC)?...
One in 10 SMEs in Europe may file for bankruptcy in six months, finds McKinsey survey
One in 10 Small and Medium Enterprises (SMEs) in Europe are likely to file for bankruptcy as they face existential...