New registration of insolvency professionals on downhill trek
Registrations of new insolvency professionals have been steadily decreasing since 2017-18, causing challenges for authorities ...
US corporate bankruptcies hit a 14-year high in 2024 amid high rates and record debt levels
A total of 694 companies filed for bankruptcy in the US last year, the most seen since the years following the financial ...
Tax Guru6h
SC Sets Aside High Court Ruling on CIRP Proceedings
The case originated from CIRP proceedings initiated in 2018 against Associate Decor Ltd. Following CoC approval of METL’s resolution plan in February 2020, disputes arose when a suspended director ...
Tax Guru6h
Insolvency Professional Penalized for regulatory non-compliance
January 2025 This Order disposes of the Show Cause Notice (SCN) No. COMP-11015/11/2024-IBBI/841/93 dated 23.02.2024, issued to Mr. Naren Sheth, an Insolvency Professional registered with the ...
electrive7h
Northvolt owners vote in favour of restructuring
The shareholders of troubled battery manufacturer Northvolt have voted against liquidating the company and in favour of ...
Opinion
Budget Snapshot: Will Budget 2025 prioritise stress resolution in banking?
An analysis by CareEdge Ratings highlights worsening delays in the corporate insolvency resolution process (CIRP). By September 2024, over 71% of ongoing CIRPs exceeded the 270-day completion ...