Solvemint

Bankruptcy, failure, collapse, or ruin are all synonymous with insolvency. It is the worst nightmare for both creditors and debtors.....

The beginning of the months is the best for many reasons! It helps in giving you a fresh start, new events that take place, but most importantly, it is the time when you get your first pay check. The reassuring message that you earn when you see that there is sufficient balance in your savings account is very comforting.

A particular MPID courtroom on Wednesday handed an order temporarily excluding four luxury vehicles, such as a Porsche, belonging to one of those companies of condemned developer DS Kulkarni, alias DSK, by a public auction process scheduled for February 15...

Once the adjudicating authority initiates corporate insolvency resolution process (“CIRP”) against a corporate debtor, the clock starts ticking......

Successful settlements of corporate insolvency proceedings until the end of 2019 are set to result in recoveries of Rs 1.52 lakh crore for lenders, averaging 43.1 percent of their filed claims of Rs 3.52 lakh crore...

Bankruptcy software is an essential tool used for providing guidance and services during the IVA process. To initiate the insolvency process and help those in debt, the use of insolvency software is required. Here are some key features of a bankruptcy or insolvency software.

The pace of development of the Indian insolvency law has been recorded slow and incremental before the enactment of the Insolvency and Bankruptcy Code, 2016 “code or IBC” as the framework for insolvency remained ineffective and fragmented for decades.

Insolvency is a situation wherein an individual or company fails to fulfill financial liabilities in a timely manner. The Insolvency and Bankruptcy Code features the rules and guidelines for an insolvency resolution process. In case a payment default occurs, creditors may acquire the debtor’s assets to avoid losses through a proper channel. During the insolvency...

The present article discusses the major amendments introduced in the Insolvency and Bankruptcy Code, 2016 (IBC) by The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 dated December 28, 2019 (The Amendment Ordinance).

Insolvency is a situation wherein an individual or company fails to fulfill financial liabilities in a timely manner. The Insolvency and Bankruptcy Code features the rules and guidelines for an insolvency resolution process. In case a payment default occurs, creditors may acquire the debtor’s assets to avoid losses through a proper channel. During the insolvency...