Despite repeated reminders Talwalkars fails to appear for insolvency hearings in NCLT
Despite the sword of bankruptcy hanging over Talwalkars Better Value Fitness Ltd, the company that owns a chain of gym...
News
Business insolvencies in Germany down 31.9% from October 2019
In October 2020, local courts in Germany reported 1,084 business insolvencies. The Federal Statistical Office (Destatis) reports that this was...
Homebuyers’ fate hangs in balance as no bidders show interest in HDIL
Thousand of homebuyers’ fate hangs in balance as Housing Development and Infrastructure Limited (HDIL), the Mumbai-based infrastructure company, has not...
US Bankruptcy filings drop 30% in 2020 as govt stimulus supports distressed business, individuals
Total US bankruptcy filings in 2020 dropped 30% as the government and lenders offered stabilization measures in response to the...
Entrance test for Graduate Insolvency Programme to be held on 9 May; registration begins from 20 January
The Graduate Insolvency Programme Common Entrance Test (GIPCET) for 2021-23 session will be held on 9 May 2021, the registration...
Australia rolls back changes in insolvency laws triggered by Covid-19 from 1 January
Even as India extended the suspension of Insolvency and Bankruptcy Code till March 2021, many countries have started rolling back...
GlaxoSmithKline escapes insolvency proceedings by clearing Rs 8 lakh due
The regulator and policy-makers alike have time and again reiterated that the Insolvency and Bankruptcy Code (IBC) is not a...
Resolution professional can’t reclassify financial creditor as operational on his own: Allahabad HC
Can the resolution professional reclassify the status of a financial creditor to Operational Creditor based on ‘expert’ opinions despite that...
Deadline for submission of EoI from eligible institutions for conducting Graduate Insolvency Programme extended to 15 January
The Insolvency and Bankruptcy Board of India (IBBI) vide its notice dated 29th October, 2020, annexed below, had invited Expression...
Creditors not too keen on Videocon Group promoter’s full-payment proposal
Venugopal Dhoot, the promoter of Videocon Group, had recently offered to pay the full outstanding amount of Rs 31,000 crore...