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EPFO can initiate assessment proceedings during liquidation: NCLAT on companies under IBC

The insolvency appellate tribunal has held that there is no bar against assessment proceedings by statutory authorities, including the EPFO, once the liquidation...

European stocks begin 2025 trade with modest gains

European stocks rose on Thursday, the first trading session of 2025, stabilising after a late-year selloff that was driven by concerns about high...

US restaurant chain TGI Fridays files for bankruptcy

Casual American dining chain TGI Fridays filed for Chapter 11 bankruptcy on Saturday in the US state of Texas, a company...

Reforms needed to boost speed, recovery rates and judicial efficiency of India’s insolvency and bankruptcy framework

The Insolvency and Bankruptcy Code, 2016 (IBC) has accelerated recoveries. (AI image) By Aniket DaniThe Insolvency and Bankruptcy Code, 2016 (IBC) has...

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