Australia makes far-reaching changes in insolvency laws
On 6 April 2022, the Attorney-General's Department in Australia announced changes to the Insolvency Practice Rules 2016. The changes are reflected...
Appu Hotels CIRP period extended by 90 days
The Corporate Insolvency Resolution Process (CIRP) of Chennai-based Appu Hotels continues to get dragged even as the promoters propose a...
Chartered accountants final exam 2022 results announced; only 12.6% cleared both papers
The Institute of Chartered Accountants of India (ICAI) on 15 July 2022 announced the result of Chartered Accountants Final Examination...
Yes Bank to conduct Swiss Challenge auctions for Rs 48,000 crore stressed assets
Yes Bank proposes to run a transparent bidding process on Swiss Challenge basis for sale of the identified stressed assets...
SC puts in abeyance CIRP of Vidarbha Industries Power on ground of existence of arbitral award
The Supreme Court ordered keeping in abeyance the Corporate Insolvency Resolution Process (CIRP) against Vidarbha Industries Power Limited on the...
Credit monitoring start-up TruBoard raises $2.7 million from marquee investors
TruBoard Partners, a tech-enabled asset monitoring & collections platform, has raised an $2.7 million equity from investors lead by marquee...
National Law University, Delhi organises a certificate course on Insolvency and Bankruptcy
The Centre for Transnational Commercial Law National Law University, Delhi, in association with the Insolvency and Bankruptcy Board of India...
NCLAT rejects IL&FS request to extinguish claims of operational creditors of TN power arm
The National Company Law Appellate Tribunal (NCLAT) has rejected the petition of IL&FS board to extinguish the claim of the...
NCLT rejects insolvency petition filed against Shapoorji Pallonji for a Rs 24 lakh default
An insolvency petition against Shapoorji Pallonji & Company Pvt Ltd has been rejected by the Mumbai bench of the National...
LegalPay exits first interim finance deal with over 26% returns
Can interim finance be a lucrative business? LegalPay, a litigation and interim finance firm, recently exited an interim finance deal...