comparemela.com

Latest Breaking News On - Bankruptcy board - Page 1 : comparemela.com

Compliance relief proposed for insolvency professionals

Compliance relief proposed for insolvency professionals
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

ARCs to see increase in recovery rate for stressed realty projects, says Crisil

ARCs to see increase in recovery rate for stressed realty projects, says Crisil
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

NCLT: NCLT sees surge in voluntary liquidation as promoters seeking clean slate

Voluntary liquidation is becoming a preferred choice for promoters to close unviable businesses and avoid losses and compliance costs. Most companies opt for liquidation due to inactive operations (69%) or commercial inviability (17%). This trend reflects pragmatic corporate decision-making and regulatory compliance evolution, despite some promoters exploiting it to evade creditors.

IBC Recovery: Timely rescue of firms pushes IBC recovery to 49%

Creditors in India have been able to recover nearly half of their claims under the Insolvency and Bankruptcy Code (IBC) when the resolution is completed within the 330-day deadline. However, delays have lowered the proportion of money recovered. The IBC was introduced eight years ago and has been the most challenging to address due to litigation-related holdups. Experts have called for amendments to the IBC to address this issue.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.