Insolvency Code News Today

The Indian Bankruptcy Code (IBC) 2016 and the Prevention of Money Laundering Act (PMLA) 2002 are two separate laws that operate in their own specific areas. The IBC was created to clarify ...

Investegate announcements from Publication of Joint Administrators' Proposals

A pub in High Wycombe has closed its doors for good after the chain announced administration on Thursday, March 28.

EQS-News: Branicks Group AG / Key word: Restructure of Company/Miscellaneous Branicks Group AG: Public announcement of the court discussion and voting date on 26. March 2024 /...

Earlier, homebuyers who had been allotted flats before the realty firm became insolvent, were left with no remedy except for being entitled to a refund

A round-up of regulatory and conduct updates and communications from the ICAEW Professional Standards Department.

The Board of Directors of algoWatt, a GreenTech Company listed on the Euronext Milan market of Borsa Italiana, met today under the chairmanship of Stefano Neri and in the presence of...

The real estate industry is one of the thriving sectors in the modern business world. There are three parties in the real estate business – the real estate companies and their promoters (who develop...

The National Company Law Tribunal (NCLT) in India has dismissed a plea to initiate insolvency against Orris Infrastructure, stating that the Insolvency & Bankruptcy Code (IBC) cannot be used as a "tool for recovery". The NCLT observed that the applicants had already received full payment from Orris Infrastructure in excess of the default amount. The applicants had signed an agreement with the realty firm, which included monthly assured returns. The construction was completed in 201...

NCLT passed the order on a plea by Vista Processed Foods Pvt Ltd, which has accused Goli Vada Pav of failing to repay a debt of Rs 3.56 crore