Page 46 - Bankruptcy Code News Today

A recent ruling from the United States Court of Appeals for the Seventh Circuit provides additional comfort for lenders receiving full repayment in connection with leveraged...

A Roman Catholic diocese based in California has announced that it is filing for bankruptcy due to the expenses related to numerous lawsuits centered on priest abuse.

The India first strategy of the government, availability of capital, IBC, infrastructure growth, development of digital ecosystem have been the most defining reforms, said Shah who sees IT and manufacturing as some of the dominant investment themes for 2024.

While quashing an order passed by the National Company Law Appellate Tribunal (NCLAT), the Supreme Court reiterated that the Insolvency and Bankruptcy Code (IBC) does not allow the resolution applicant to unilaterally amend, modify, or withdraw the resolution plan after approval by the committee of creditors (CoC).

ICON Aircraft Initiates Restructuring Process and Files for Chapter ...

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The United States Court of Appeals for the Second Circuit, applying New York law, affirmed a trial court’s denial of a preliminary injunction seeking to require a D&O insurer to defend...

NCLAT ordered the IRP of Sporta Technologies, operator of Dream 11, to maintain the company as a going concern, halting insolvency steps during the CIRP stay by NCLT Mumbai bench, after an urgent plea by Dream11 COO Bhavit Sheth.

The appellate tribunal said it has already stayed the Corporate Insolvency Resolution Process (CIRP) of the company.

The brokerage had sought approvals from the bourses for transferring shares owned by existing promoter Reliance Capital to Aasia Enterprises LLP - a Hinduja Group entity. The approvals come in the wake of a successful bid for Reliance Capital by Hinduja group entity IndusInd International Holdings (IIHL), a promoter entity of IndusInd Bank.