The International Lawyers Network (ILN) has released its 2024 Bankruptcy, Insolvency & Rehabilitation Guide, offering critical insights from top legal experts across multiple jurisdictions. This essential resource provides guidance on the latest trends and strategies in global insolvency law, helping practitioners navigate complex cross-border challenges.

The National Company Law Tribunal on Tuesday granted relief to Ace Aviation Ltd., the potential buyer for Jet Airways Ltd.'s grounded aircraft. The court has allowed an application that allows them to purchase the debt-ridden airlines' aircraft, based on an agreement reached between Ace and the monitoring committee of Jet Airways.

The Georgia Court of Appeals upheld a finding that the state Insurers Insolvency Pool did not have a right to reimbursement from the insurer of a business using a staffing…

India should adopt Cape Town Convention as part of the domestic legal framework.

Releases discussion paper to revamp real estate insolvency, addressing seven key areas

Last month, Supreme Court had set aside a judgement of the National Company Law Appellate Tribunal (NCLAT) allowing a ₹158 crore settlement between ed-tech firm Byju’s with the BCCI.

Byju’s remains solvent with plans to settle ₹158 crore dispute

The top court said the exercise of discretionary powers by the NCLAT was not warranted in the present circumstances

The appellate tribunal also dismissed the allegation of round-tripping levelled by Byju's U.S.-based lenders, saying they failed to provide any evidence for the same

Cox & Kings, which was among the largest players in tours and meeting and incentive segment, suspended operations following a cash crunch in October 2019.

Judge Brendan Shannon declined the request from GLAS Trust Company, trustee for lenders owed $1.2 billion, to prevent Riju Ravindran, brother of Byju’s founder, from paying over $19 million to India’s cricket governing board 

The bench said SBI’s petition had not been drafted properly and suggested a “lack of seriousness” on the part of the petitioner.

The Chennai bench of the National Company Law Tribunal (NCLT) has ordered initiation of the corporate insolvency resolution process (CIRP) against power management products, systems and services company Eason Reyrolle.

A.J. Cook Insurance Brokers has been declared in default by the scheme.

Moratorium under the Insolvency And Bankruptcy Code

In the current uncertain times it is common to hear rumours of financial difficulties at contractors and sub-contractors which are bound to cause concern for employers on construction works. However, there are a number of steps yo...

Against a backdrop of difficult economic times, the appeal decision in Olds v Late Editions (and other cases) has been keenly awaited in the hope that it would clarify the application of TUPE law to insolvent businesses. A key question sits at the h...

The restrictions on economic life imposed by COVID-19 have not only triggered a veritable economic crisis, but have simply deprived many companies of their livelihood. While there is no income, expenses continue to run, so that in some cases insolve...

Coronavirus and the related restrictive measures directly affect not only insolvency proceedings that are already in progress, but can also cause or accelerate financial problems that will lead to bankruptcy and subsequent beginning of insolvency pr...

Whilst the UAE Government has launched economic stimulus packages to minimize the disruption, the financial and social cost of the virus will be felt for many months, if not years, to come. In light of this severe economic disruption, companies of a...

In its response to COVID-19, the UK Government has also been listening to business and seeking to provide further support mechanisms to help those businesses that have been forced to close in the short term. This has included the prohibition on land...

Virgin Australia's potential collapse has left staff scrambling for jobs, as tourism and aviation industries prepare for the threat of major player leaving the market.

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance

This paper develops an analytical framework to identify the policies relevant for firm exit and the channels through which they shape aggregate productivity growth.

This paper develops an analytical framework to identify the policies relevant for firm exit and the channels through which they shape aggregate productivity growth.

A key recent OECD work, the "Future of Productivity" implies that inefficient firms increasingly linger as opposed to exit the market, despite their inability to adopt new technologies.

This paper explores cross-country differences in the design of insolvency regimes and their potential links with two inter-related sources of labour productivity weakness: the survival of "zombie" firms (firms that would typically exit in a competitive market) and capital misallocation.

This paper explores cross-country differences in the design of insolvency regimes, based on quantitative indicators constructed from countries’ responses to a recent OECD policy questionnaire.

New process likely to be popular but there is room for improvement

Murray, Michael, 1953 May 19- author

The banks together claimed over Rs 230 crore from the company, along with interest and other charges

Sahoo, a financial markets expert, was appointed as IBBI Chairperson for a period of five years last month

Online Resource