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WebGroup Insolvency - An Overview. In 2016, The Insolvency & Bankruptcy Code (IBC) was presented with objectives of severe reforms which was goal-oriented towards resolutions. The Code in span of very short time has built up and established its jurisprudence. However, there also exists several scopes of amendments in the code which is expected to ... WebMay 13, 2024 · 1.2. Questions and scope. Inspired by the success of the US Chapter 11, Footnote 11 legislators around the world started reforms of insolvency law. For example, the UK has recently adopted the Corporate Insolvency and Governance Act 2024 (CIGA), Footnote 12 which introduces new procedures and measures to rescue companies in … WebApr 16, 2024 · The Venugopal Dhoot promoted Videocon Group, whose flagship Videocon Industries was part of the first list of firms to be referred for insolvency in June 2024, has seen no progress in resolution, according to bankers and lawyers in the know. The case was admitted for insolvency proceedings 10 months ago and has stretched well beyond the … recumbent fold geology