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Insolvency
Australia
Corrs Chambers Westgarth
Examination orders may only be sought for a purpose that benefits the company, its contributors and creditors.
Bennett & Philp Lawyers
Members of associations must be aware of potential personal liabilities claims made pursuant to Part 5.7B which apply now.
Worrells Solvency & Forensic Accountants
Discusses how dual insolvency appointments interact and impact creditors.
Worrells Solvency & Forensic Accountants
Discusses risks including ineligible for FEG, limited priority, inadequate qualifications and director duties & liabilities.
Worrells Solvency & Forensic Accountants
Courts are willing to give orders supporting administrators where they are seeking a strategy in the best interests of creditors.
Worrells Solvency & Forensic Accountants
Article discusses why owners should treat themselves as creditors of their own business.
Worrells Solvency & Forensic Accountants
Identifying indicators of insolvency or distress. Early assistance & intervention are key. Contains link to case with checklist.
Bartier Perry
A creditor has a right under the Insolvency Practice Schedule to request information from an external administrator.
Canada
Blake, Cassels & Graydon LLP
On July 20, 2020, the Quebec Court of Appeal (Court of Appeal) released its decision in Séquestre de Media5 Corporation, overturning the lower court's decision and authorizing the appointment...
Lindsay Kenney LLP
Canadian businesses are facing the largest economic disruption of our times from the outbreak of the novel coronavirus and the public health measures required to contain it.
Lindsay Kenney LLP
During these financially uncertain times, many businesses are faced with new debt and possible insolvency or even bankruptcy.
Cayman Islands
Walkers
Justice McMillan noted that the question of a secured creditor's standing to present a winding up petition had not previously been dealt with by the Grand Court.
Cyprus
A.G. Erotocritou LLC
The Covid-19 pandemic created an unprecedented situation for the lives and livelihoods of people from every socioeconomic background.
India
Singh & Associates
In the present case, the National Company Law Tribunal, Kolkata Bench vide its order dated 20.05.2020 admitted the application filed under section 9 of the Insolvency and Bankruptcy Code, 2016 stating that the Central Government Notification ...
Singh & Associates
Whether a Sole Proprietorship Firm is eligible to file Application Under Section 7 and Section 9 of Insolvency and Bankruptcy Code, 2016 ("I&B Code") and entitled to initiate Corporate Insolvency Resolution Process ("CIRP") against Corporate Debtor?
AMC Law Firm
Resolution Plan should typically mirror the Insolvency and Bankruptcy Code, 2016 (Code) objectives in maximizing the value. The Code, the way it is derafted, puts all its faith in the...
AMC Law Firm
The law relating to voluntary liquidation has been moved from the Companies Act, 2013 (or erstwhile Companies Act, 1956) to Insolvency and Bankruptcy Code, 2016 (Code or IBC).
Khaitan & Co
On 24 July 2020, the National Company Law Appellate Tribunal (NCLAT), in its decision in GRIDCO Limited v Surya Kanta Sathapathy and Others [C.A. (AT) (Insolvency) 1271 of 2019] ...
KS Legal & Associates
A creditor under the Indian laws may approach several forums and/or courts so as to recover their outstanding dues.
Singh & Associates
The Ministry of Finance vide its Notification No. 11/2020 – Central Tax dated 21.03.2020 stated that those Registered persons who are undergoing the corporate insolvency resolution process under the provisions of the ...
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