The Insolvency and Bankruptcy Code, 2016 provides for corporate insolvency resolution process for invitation, receipt, and consideration of resolution plans; and approval of a resolution plan to resolve insolvency of the corporate debtor. It envisages that a resolution plan, once approved, must be implemented. In furtherance of this, the Insolvency and Bankruptcy Board of India…
What Is debt consolidation? If youre struggling with credit card debt, youre certainly not alone. According to credit reporting bureau Experian, the average American has a credit card balance of $4,293. Because credit cards can have incredibly high interest rates some as high as 30 percent your credit card balance can quickly balloon out of…
The Supreme Court on Friday upheld the Insolvency and Bankruptcy Code (IBC) in its entirety, dismissing all petitions by operational creditors who had challenged the validity of the code. The only change, the top court said, would be that the definition of connected persons would now include persons connected only to the corporate debtor…
University of Queensland experts are available to comment on the final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Journalists can contact the experts below or search by topic or name at UQ Experts. Dr Vicky Comino: School of Law Dr Cominos main research area is corporate law,…