India's Insolvency and Bankruptcy Code has seen significant success. By December 2025, over 8,800 corporate insolvency cases were admitted....

Why did Spirit Airlines fail? First major casualty of the 2026 Iran war fuel shock. The collapse of Spirit Airlines today, May 2, 2026, isn...

The upcoming Union Budget should prioritize strengthening National Company Law Tribunals. More benches are needed to boost efficiency in in...

A Harvard study highlights billions lost annually due to hasty liquidations, advocating for restructuring. WazirX's successful Singapore-ba...

WazirX proposes a Scheme of Arrangement to recover $234 million lost in a cyberattack by North Korean hackers, aiming to redistribute asset...

The firm had moved the court through an application on December 6, 2024, seeking permission to convene a meeting with creditors (users) to ...

WazirX successfully froze $3 million in stolen assets from last year's cyberattack. Efforts spearheaded by founder Nischal Shetty aim to re...

The Association of Asset Reconstruction Companies has appealed for the intervention of the finance ministry in order to issue an advisory t...

Edelweiss denied allegations of wrongdoing in the case involving the suicide of Nitin Desai, an art director. The company stated that ECL F...

IL&FS will restart the stake sale process of ITPCL (IL&FS Tamil Nadu Power Co) alongside its ongoing restructuring efforts, with the new IL...

The court was deciding an appeal by the Securities and Exchange Board of India (Sebi) seeking a stay on voting by creditors because it want...

Sarfaesi Act was framed to identify and rectify the problem of non-performing assets.

Of the 2,542 cases admitted under IBC till date, 1,497 CIRPs or 59% of cases are still in court.

The recent Insolvency and Bankruptcy Code (IBC) has been a big sigh of relief for MSMEs which would, ensure faster debt recovery or liquida...

This comment comes at a time when 100 companies have either been liquidated or are in the process of liquidation.

The current weak legal framework for asset resolution has been a key structural credit weaknesses for Indian banks, Moody's said.

If other much-needed changes are implemented, it will be an adequate beginning to effectively deal with the problems of industrial sickness...