Recovery rate at paltry 12.5% as only 7 insolvency cases saw resolutions in Apr-June
Covid19 has taken a toll on the whole insolvency ecosystem as is evident from the number of cases which saw...
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Coronavirus puts 1.7 million SME jobs in danger in UK
As many as 520,000 small and medium enterprises (SMEs) in the United Kingdom are in significant stress due to Covid19...
Japan sees 100 Covid19-related bankruptcies in July
Japan has seen over 400 companies filing for bankruptcy as a result of Covid19 outbreak, reports Bloomberg News. In July,...
Authorized representative has to be from home state or UT of majority home buyers
Home buyers, who are stuck with real estate projects going through insolvency proceedings, will now have easier access and better...
How countries are shielding businesses from insolvency in times of Covid-19
Even as India’s central bank – Reserve Bank of India (RBI) – on today announced a slew of measures to...
New resolution plan offers additional credit, tenure extension, debt conversion facilities to corporate debtors
The separate resolution plan for corporate borrowers announced by the Reserve Bank of India (RBI) today will have steps like...
Banks can restructure loans of covid-hit MSMEs without asset downgrade
Existing loans to MSMEs facing stress due to Coronavirus-related restrictions could be restructured without a downgrade in the asset classification....
RBI moots new resolution plan for Corona-hit personal loan borrowers
The Reserve Bank of India (RBI) moots a separate resolution plan to deal with personal loan borrowers facing financial stress...
NCLT rejects plea to start insolvency proceeding against Network18 Media
The Mumbai Bench of the National Company Law Tribunal (NCLT) on 4 August rejected a petition to start insolvency proceedings...
Cos under voluntary liquidation can replace liquidator
The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process)...