NEW DELHI: Providing the first possible avenue to resolve insolvency in a market-determined and time-bound manner, the Insolvency and Bankruptcy Code will help improve ease of doing business as well as develop the debt market, says IBBI Chairperson M S Sahoo. Less than four months old, the Insolvency and Bankruptcy Board of India (IBBI) has…
Readers will recall that on 23 September 2016 we posted an article about recognition under the UNCITRAL Model Law on Cross-Border Insolvency (Model Law) of the Korean rehabilitation proceedings for Hanjin Shipping. After granting interim recognition of the rehabilitation proceedings in September 2016, the Federal Court granted final recognition orders on 11 November 2016. The…
HUNDREDS of mining jobs look likely to be created this year as two key projects move toward construction. Both the Baralaba Coal Company and QCoal are expected to commence mining operations that will offer up to 400 and 565 jobs respectively once they reach operational stage. The Baralaba Coal Company is expected to start mining…
HUNDREDS of mining jobs look likely to be created this year as two key projects move toward construction. Both the Baralaba Coal Company and QCoal are expected to commence mining operations that will offer up to 400 and 565 jobs respectively once they reach operational stage. The Baralaba Coal Company is expected to start mining…
Readers will recall that on 23 September 2016 we posted an article about recognition under the UNCITRAL Model Law on Cross-Border Insolvency (Model Law) of the Korean rehabilitation proceedings for Hanjin Shipping. After granting interim recognition of the rehabilitation proceedings in September 2016, the Federal Court granted final recognition orders on 11 November 2016. The…
HUNDREDS of mining jobs look likely to be created this year as two key projects move toward construction. Both the Baralaba Coal Company and QCoal are expected to commence mining operations that will offer up to 400 and 565 jobs respectively once they reach operational stage. The Baralaba Coal Company is expected to start mining…
HUNDREDS of mining jobs look likely to be created this year as two key projects move toward construction. Both the Baralaba Coal Company and QCoal are expected to commence mining operations that will offer up to 400 and 565 jobs respectively once they reach operational stage. The Baralaba Coal Company is expected to start mining…
MUMBAI: Innoventive Industries, the company that lost a case under the Insolvency and Bankruptcy Code, has moved the Bombay High Court questioning the constitutional validity of the law that allows banks to liquidate assets of a company whose debts are not recast within 180 days. ICICI Bank had filed a case at the National Company…
news Two key projects look likely to go ahead this year. Emily Smith HUNDREDS of mining jobs look likely to be created this year as two key projects move toward construction. Both the Baralaba Coal Company and QCoal are expected to commence mining operations that will offer up to 400 and 565 jobs respectively once…
Debt management firms have been accused of pushing a form of insolvency aimed at the poor to an all-time high. New data released by a federal agency on Tuesday revealed that the number of Part IX debt agreements has risen for the 12th year in a row. Agreements under Part IX of the Bankruptcy Act are widely…