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Act responsibly when faced with insolvency - Craig Donnelly
15 Apr 2024 07:20 GMT
… 2024, 94 companies went into liquidation, a rise of 9 per … of a company avoiding liquidation is known as wrongful trading.
Directors who continue …
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What is liquidation?
30 May 2023 23:17 GMT
… Creditors’ Voluntary Liquidation
Creditors’ Voluntary Liquidation allows a company … wrongful trading because they’ve been proactive in protecting their creditors.
Compulsory liquidation …
Compulsory liquidation occurs after a …
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IBBI amends liquidation regulations
31 Oct 2022 21:46 GMT
… Bankruptcy Board of India (IBBI) has made several major modifications to liquidation … on delays and streamline the liquidation process, offering greater value, said … , and that all instances of wrongful trading and fraudulent transactions are thoroughly …
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IBBI Amends Rules To Streamline Liquidation Process
21 Sep 2022 03:28 GMT
… Bankruptcy Board of India (Liquidation Process) rules and Insolvency and Bankruptcy … Board of India (Voluntary Liquidation Process) norms … fraudulent or wrongful trading will be pursued after closure of liquidation proceedings.
…
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Bankruptcy regulations amended to enable better stakeholder particip
20 Sep 2022 19:31 GMT
… 20 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) has … 2017.
Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment … fraudulent or wrongful trading, shall be pursued after closure of liquidation proceedings.
The …
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IBBI fixes timelines for the liquidation process to reduce delays
20 Sep 2022 16:03 GMT
… value through the liquidation process, the Insolvency and Bankruptcy Board of … consultation committee.
The IBBI liquidation process second amendment regulations 2022 … fraudulent or wrongful trading, shall be pursued after closure of liquidation proceedings.
…
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Bankruptcy Board amends regulations to reduce delays in insolvency process
20 Sep 2022 14:47 GMT
… Bankruptcy Board of India (IBBI) has notified the IBBI (Liquidation … Regulations 2022 (Amendment Liquidation Regulations), and IBBI (Voluntary Liquidation Process) (Second … or wrongful trading, shall be pursued after closure of liquidation proceedings. …
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Ed Miliband calls on government to extend 'wrongful trading' suspension until end of year
22 Oct 2020 00:48 GMT
… to extend the suspension of “wrongful trading” rules to the end of … a flurry of firms going bankrupt.
Back in March, ministers introduced … they kept trading despite facing bankruptcy due to the coronavirus pandemic …
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Govt Panel for amendments to Insolvency and Bankruptcy Code
23 Dec 2021 20:18 GMT
… amendments to the Insolvency and Bankruptcy Code including provisions related to … resolution plans, avoidable transactions and wrongful trading.
To ensure swift approvals for …
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Bankruptcy laws and red tape to be ditched to help UK firms survive crisis
28 Mar 2020 18:52 GMT
… companies stay afloat and avoid bankruptcy. Sharma said: "Our overriding … be a temporary suspension of wrongful trading provisions for company directors, removing …