The year 2023-24 was a watershed year for insolvency law in the country. For the first time, output is exceeding input in a normal year. With the same infrastructure, the pendency at the macro level ...

India - Using Comity In Insolvency – Indian Courts Pivot. Legal News and Analysis - India - Insolvency & Restructuring - ...

Fallen cryptocurrency exchange FTX has raked in billions of dollars more than it needs to fully pay back customers who lost funds in its November 2022 collapse. In a rare twist versus typical US ...

Data from the Insolvency and Bankruptcy Board of India (IBBI) indicates that as of May 31, 2023, eight applications had been filed to initiate pre-packaged insolvency proceedings, of which six were ...

That being said, Section 29A was introduced with the intent of prohibiting those persons who have acted as a contributor to the defaults of the company, from gaining control over the assets of ...

a lawyer who leads the Insolvency & Restructuring Practice Group in the New York office of Pillsbury Winthrop Shaw Pittman. The Amherst College graduate previously represented Massachusetts and other ...

German tennis star and coach Boris Becker has been discharged from bankruptcy thanks to a successful appeal to an insolvency court. The six-time Grand Slam champion was declared bankrupt in 2017 with ...

Lenders rue the lack of interest in the pre-packaged insolvency resolution process, which was introduced through the Insolvency and Bankruptcy Code (Amendment) Act, 2021 ...

TORONTO, ON / ACCESSWIRE / May 8, 2024 / Ltd. (TSXV:PEAS) ("GFI" or the "Company"), today announced it has received letters from both of the senior secured lenders (the "Lenders") to GFI's subsidiary ...

Tea gardens in Bengal, including big companies like Duncan Industries, are facing complications in the corporate insolvency resolution process. The Insolvency Bankruptcy Board of India (IBBI) declared ...

SpiceJet's legal representative had questioned the petition's maintainability, arguing that it was submitted by the power of attorney holder ...

Hon''ble National Company Law Tribunal, Principal Bench, New Delhi has allowed State Bank of India to withdraw the petition (IB)-421(PB)/2023 filed by it against PC Jeweller Limited under ...