Singapore unveils Simplified Insolvency Programme for micro, small companies
Singapore micro and small companies (MSCs), which have been severely impacted by COVID-19 and require support to restructure their debts to...
News
US bankruptcy filings in January drops to a 15-yr low
US bankruptcy filings in January experienced the lowest monthly number of across all chapters since February 2006 (26,617 filings) with...
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...
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...
Chennai bench of NCLAT to start working in virtual mode from 25 Jan 2021
The Chennai Bench of NCLAT (National Company Law Appellate Tribunal) will start functioning from 25 January 2021 through virtual mode....
New bankruptcy law of Brazil is a risk to corporate recoveries: Fitch Ratings
The new bankruptcy law of Brazil could lower recovery prospects for the debt of speculative-grade Latin American corporates and incentivise...
Chandan Mitra-owned newspaper The Pioneer faces insolvency threat
CMYK Printech Limited, the company that brings out one of the oldest running English newspaper -- The Pioneer, is facing...
UK company insolvencies rise 9% in December 2020; individual insolvencies declines
In December 2020, UK company insolvencies for the first time were higher than the comparable month in 2019 since the...
Piramal Group wins the bid for DHFL
The Committee of Creditors (CoC) has approved the Piramal Group's resolution plan for Dewan Housing Finance Corporation Ltd (DHFL), which...
ICAI planning to use AI to identify the non-compliances in financial statements
The Institute of Chartered Accountants of India (ICAI) through its Financial Review Reporting Board (FRRB) is planning to use Artificial...