Tag: cirp
Posted in Economy
IBBI amends rules to enhance interim representation for creditors in insolvency process
The IBBI has amended the Insolvency Resolution Process for Corporate Persons norms to introduce significant changes to enhance creditor representation in the insolvency process. The…
Posted in Startups
litigation funding startups: Litigation funding startups eyeing arbitration and insolvency resolution cases
From funding the corporate insolvency resolution process (CIRP) of bankrupt companies to providing financial support to fight arbitration suits or even helping companies find sector…
Posted in Startups
Dream 11: NCLAT asks IRP of Dream 11 not to take steps for insolvency
The National Company Law Appellate Tribunal has directed the interim resolution professional of Sporta Technologies, which operates the fantasy sports platform Dream 11, not to…
Posted in Economy
ibc: Since launch, IBC has resolved 72% of distressed asset cases
The bankruptcy code has rescued 72% of the distressed assets since it came into being in 2016, though half of them ended in orders of…