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INDIVIDUAL INSOLVENCY
NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...- Social Security crisis 2032: Could a 22% benefit cut slash retirement income for millions of Americans if Congress fails to act?Social Security crisis 2032 is no longer a distant warning. Current projections show the trust fund could face depletion by 2032, triggerin...
- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- What? Could your Social Security benefits be cut by $500 a month in 2032? Here's which states face the biggest losses from trust fund insolvencyFor millions of retirees, Social Security is more than a government benefit. It is a lifeline. New projections warn monthly checks could fa...
- All bets are off as SC’s GST ruling squeezes RMG companiesThe GST demand of Rs 92,000 crore on past transactions will also impact larger players such as Dream11, Junglee Games and Mobile Premier Le...
- Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...
- Insolvency law not a recovery mechanism, Supreme Court reiterates in key IBC rulingIn a landmark decision, the Supreme Court has clarified that insolvency law is not intended for the mere pursuit of debt recovery. It highl...
- Social Security 2027 crisis update: $190B cuts, $50K benefit cap proposal—are wealthy retirees about to face payment limits now?The Social Security proposal 2026 could reshape retirement payouts fast. New data shows up to $190 billion may be cut in ten years. The pla...
- Social Security COLA 2027 forecast— will monthly benefits truly rise? How much extra money will retirees actually see after inflation and Medicare cuts?Social Security COLA 2027 forecast now points to a 2.8% increase. That means about $50 to $60 more per month for average retirees. It sound...
- Defaulting company promoters to be given new lease of life? All eyes on a big new IBC proposalIBC: India's insolvency regulations could soon see a significant shift. The proposed changes could allow company promoters facing defaults ...
- NeSL enabling real-time access to digital debt & claims data in insolvency casesNeSL is providing instant access to digital default records for insolvency cases. This helps authorities quickly verify debt and claims. Am...
- Personal guarantors to bankrupt firms will need to declare crypto holding, art collections in IBC proceedingsNew draft rules will require personal guarantors of stressed companies to declare all personal assets. This includes crypto, jewellery, and...
- On hold: Plan to bring in cross-border, individual insolvency frameworksThe government has delayed plans to introduce cross-border insolvency and an out-of-court individual delinquency mechanism. These provision...
- Struggling with debt? Here is how individual insolvency works in IndiaThe pandemic has made several people prone to debt traps with revolving credit card bills and easy personal loans taken from fintech compan...
- What if you go broke like Vijay Mallya? Personal bankruptcy decodedWhile bankruptcy filing for corporates is well-organised under the IBC, it isn't as streamlined for individuals.
- Individual Insolvency Code may soon be a realityThree sets of entities will fall under the individual insolvency code, M S Sahoo, chairman of the Insolvency and Bankruptcy Board of India ...
- Separate route on anvil for individual insolvency casesThe ministry has suggested that DRTs designate special benches for resolution of individual insolvency cases. DRTs were established in 1993...
- Individual insolvency regime to be operational in phased manner: IBBI charirperson MS SahooAs it enters 2018, individual insolvency regime and facilitation of corporate insolvency transactions are among the main priorities for the...
- Insolvency rules for individuals & firms by December 2017The draft rules dealing with insolvency resolution process of individuals and firms was put on the website for public comments with a deadl...
- Individual insolvency norms a priority, says IBBI ChairmanIn one year of existence, the Insolvency and Bankruptcy Board of India has already put in place the infrastructure ecosystem and now has ov...
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