Commercial bankruptcy filings in US increase 61% in first 9 mnths of 2023
Commercial bankruptcies in the United States increased 61% in the first nine months of 2023, compared to the same period...
ABI’s 40-Under-40 US insolvency professionals
American Bankruptcy Institute (ABI) announces the honorees of its 2023 40-Under-40 award program, which identifies 40 top insolvency professionals under...
Insolvency professionals may be allowed to undertake 10 assignments at a time
The Insolvency and Bankruptcy Board of India (IBBI) proposes to increase the number of assignments an individual insolvency professional can...
Himadri Speciality, Dalmia Bharat Refractories to acquire Birla Tyres for Rs 347 crore
The Kolkata Bench of the NCLT has approved the Rs 347 crore resolution plan jointly submitted by Himadri Speciality Chemical...
Empowering legal heirs of debtors to participate in insolvency resolution
Prachi Apte a research associate at IBBI and Sushanta Kumar Das, deputy general manager at IBBI advocate for a revised...
ED raids premises of Opto Circuits in Rs 883-crore bank fraud case
Directorate of Enforcement (ED) has carried out search operations on 17 October 2023 under the provisions of the Prevention of...
NCLT approves Rs 74.81-crore resolution plan for Ujaas Energy
The Rs 74.81 crore resolution plan submitted by consortium of SVA Family Welfare Trust and M&B Switchgears for Ujaas Energy...
Amalgam Steel acquires Topworth Steel and Power for Rs 260 crore
The NCLT has approved the Rs 260-crore resolution plan of Amalgam Steel and Power Limited for bankrupt Topworth Steel and...
ED raids Ex-MD of Bhushan steel in Rs 56,000 loan fraud case
The Enforcement Directorate (ED) conducted search and survey operations on 13 October 2023 at 30 locations in Delhi NCR, Haryana,...
SBI to withdraw insolvency plea against Bajaj Hindusthan Sugar
State Bank of India has made a submission in NCLT regarding withdrawal of its application for initiating corporate insolvency resolution...