The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 11) Regulations (Northern Ireland) 2021 – Department for the Economy

Liquidation

Date published: 16 September 2021 Equality screening in regard toThe Corporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 11) Regulations (Northern Ireland) 2021. Read the full article at: https://www.economy-ni.gov.uk/publications/corporate-insolvency-and-governance-act-2020-coronavirus-amendment-schedule-11-regulations-northern

COVID-19: UK Government Announces End of Temporary Restrictions on Certain Insolvency Proceedings – JD Supra

Liquidation

The UK government has announced that temporary restrictions on creditor action introduced in the Corporate Insolvency and Governance Act 2020 are to be phased out. These temporary restrictions were put in place to protect businesses in financial distress, as a result of the coronavirus (COVID-19) pandemic, from being forced into insolvency. The current restrictions on…

Object of IBC to revive corporate debtor, liquidation last resort: SC – Outlook India

Liquidation

Outlook September 15, 2021 21:59 IST Object of IBC to revive corporate debtor, liquidation last resort: SC outlookindia.com 1970-01-01T05:30:00+0530 New Delhi, Sep 15 (PTI) The Supreme Court on Wednesday said that principal object of the Insolvency and Bankruptcy Code (IBC) is revival of corporate debtor and to make it a going concern and every attempt…

Liquidation as a going concern is an effort to maximise value & save firms under insolvency | INTERVIEW – The Financial Express

Liquidation

Nitin Jain is the official liquidator for PSL Group — recently liquidated as a going concern. In an effort to maximise the value of a company undergoing insolvency proceedings, the bankruptcy court has allowed for liquidation of the company as a going concern. This amendment tries to stitch all the assets of the company as…

NCLT can’t allow tweaks in a successful resolution plan: SC – The Hindu

Liquidation

The Supreme Court on Monday held that the National Company Law Tribunal (NCLT) cannot permit withdrawals or modifications of a successful resolution plan, once it has been submitted to it after due compliance with the procedural requirements and timelines, solely at the behest of the resolution applicant. This would only create another tier of negotiations…

Raising Concern over Delays in Corporate Insolvency Resolution Processes , the … – Latest Tweet by IANS – LatestLY

Liquidation

Raising concern over delays in corporate insolvency resolution processes (CIRP), the #SupremeCourt on Monday asked the National Company Law Tribunal and the National Company Law Appellate Tribunal to strictly adhere to the mandated 330-day timeline. pic.twitter.com/yMMSonvO4G IANS Tweets (@ians_india) September 13, 2021 (SocialLY brings you all the latest breaking news, viral trends and information from…

Jet Airways set for 2022 revival: reports | News | Flight Global – Flightglobal

Liquidation

Jet Airways will reportedly recommence operations in the first quarter of 2022 under new owners the Jalan-Kalrock consortium more than two years after it shuttered amid financial woes. Indian news reports, citing consortium lead member and businessman Murari Lal Jalan, say the carrier will resume domestic operations first, before expanding to short-haul destinations in the…

Corporate Insolvency Resolution Process has to be completed in 330 days: Report – Free Press Journal

Liquidation

The Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC) has to be completed within the 330-day deadline prescribed under the law, the Supreme Court ruled on Monday (Ebix Singapore v. Committee of Creditors of Educomp), according to a news report. “Judicial delay was the reason why the earlier insolvency regime failed…