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BANKRUPTCY TRUSTEES
IBBI issues new guidelines to speed up appointment of insolvency professionalsThe Insolvency and Bankruptcy Board of India has released new rules for insolvency professionals. These guidelines aim to speed up appointm...- NCLT orders insolvency proceedings against Venugopal Dhoot as personal guarantorInsolvency proceedings have begun against Venugopal Dhoot, former chairman of Videocon. The National Company Law Tribunal directed this act...
- Vijay Mallya discontinues bankruptcy annulment application in UKVijay Mallya has stopped his attempt to cancel a UK bankruptcy order. This allows the Trustee in Bankruptcy to continue seeking assets. The...
- NCLT declares ex-DHFL chairman Kapil Wadhawan bankrupt over ₹4,546 crore duesThe NCLT Mumbai has declared Kapil Wadhawan, the former chairman of DHFL, bankrupt following a petition by Union Bank of India to recover ₹...
- IBBI issues new guidelines to streamline process of appointing IPs as resolution professionalsThe Insolvency and Bankruptcy Board of India (IBBI) issues new guidelines to streamline the appointment of insolvency professionals (IPs) a...
- IBBI prepares list of 787 insolvency professionals to expedite resolution processThe move is aimed at avoiding administrative delays in the appointment of IPs to expedite insolvency resolution and prevent further erosion...
- NCLT admits personal insolvency application against Kishore BiyaniThe admission of the application by the National Company Law Tribunal (NCLT) ensures moratorium on transactions of personal assets of the g...
- IBBI prepares list of 400 insolvency professionals for easy pickingsIn a first for the country's bankruptcy resolution regime, the insolvency regulator has prepared a "common panel" of 400 insolvency profess...
- US government appeals approval of Voyager sale to Binance.USWiles disagreed, saying that Voyager and its employees should not be penalized for carrying out a court-approved sale to Binance.US. If the...
- US government appeals approval of Voyager sale to Binance.USU.S. Bankruptcy Judge Michael Wiles, who is overseeing Voyager's Chapter 11 bankruptcy process, had approved Voyager's restructuring plan, ...
- US justice department watchdog seeks independent review of FTX bankruptcyThe DOJ's Office of the US Trustee said in a filing in Delaware bankruptcy court that it did not question John Ray's competence or earnestn...
- After 14 years, Lehman Brothers' brokerage ends liquidationLehman Brothers Holdings Inc, the brokerage's parent, had been Wall Street's fourth-largest investment bank before filing what remains by f...
- After 14 years, Lehman Brothers' brokerage ends liquidationU.S. Bankruptcy Judge Shelley Chapman in Manhattan closed the brokerage's estate on Wednesday and awarded final payments to the trustee who...
- Pramod Mittal’s bankruptcy case in UK gets extendedBillionaire steel magnate Lakshmi Mittal’s younger brother Pramod Mittal was due to be automatically freed from bankruptcy in Britain. But ...
- IBBI tightens norms for insolvency resolution professionalsInsolvency resolution professionals would be barred from having employment when they are in possession of authorisation to take up work und...
- Bitcoin's Tokyo whale sold $400 million and he's not doneKobayashi, who’s liquidating tokens on behalf of Mt. Gox creditors, has another $1.9 bn to offload.
- Involuntary bankruptcy case against Trinity Coal filed"Trinity's current management has failed to negotiate with Trinity's creditors," Credit Agricole said in its court papers.
- Barclays faces trial on Lehman claim of $11-bn windfallBarclays faces a trial over claims by Lehman Brothers Holdings that it should pay as much as $11 billion to the bankrupt firm for the “wind...
- US Cong to examine Madoff case on next MondayA Manhattan bankruptcy judge will hear a request by the trustee overseeing the liquidation of Bernard Madoff's investment firm for a $28 mi...
- Madoff liquidation trustee seeks $28 mn for costsA trustee presiding over the liquidation of Bernard Madoff's investment firm says he plans to spend $28.1 million on employee salaries and ...
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