Spiralling energy costs have led to a surge of energy debt in Scotland. The numbers are stark. Our most recent figures, covering the first three months of 2025, showed that more than 1,500 people turned to a CAB for advice on energy debt. There has been an alarming rise in demand for debt advice from…
Martine McCuthcheon is declared BANKRUPT less than a year after marriage split The Sun Read the original article here
Company insolvencies in England and Wales fall Just in: the number of companies in England and Wales falling into insolvency dropped last month. The Insolvency Service has reported that there were 2,043 registered company insolvencies in England and Wales in June, 8% lower than in May 2025 (2,230) and 16% lower than in June 2024,…
LifeScan files for bankruptcy with $1.7B in debt; lenders expected to gain control The Business Journals Read the original article here
The National Company Law Tribunal (NCLT) Mumbai bench of Lakshmi Gurung (Member Judicial) and Hariharan Neelakanta Iyer (Member Technical) has held that once the Successful Resolution Applicant fails to comply with the terms of the Resolution Plan despite several reminders being given, the Adjudicating Authority is mandated to pass an order of liquidation under section…
The Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) quashed the admission of home buyer’s admission plea, noted that the application under Section 7 of the Insolvency and Bankruptcy Code 2016 was “deemed withdrawn” under the updated Insolvency and Bankruptcy Code (IBC). In this case, the bench had set aside the admission of…
SBIL Amendment has introduced a lot of important changes to company regulations, like MSME guidelines and business laws. These updates are designed to streamline the process, enhance the speed, and build transparency for both companies and professionals. Whether you are preparing for CS Executive exams or just want to stay informed about the latest in…
A gambling debt linked to Hong Kong actor Jacky Heung has been fully settled, Macau casino operator MGM China has said, adding legal proceedings have been terminated. The casino company made the statement on Wednesday, a day after media reported that subsidiary MGM Grand Paradise had issued a writ against Heung. The actor was sued…
Deborah Cadman left the council in March 2024 after a tumultuous three years in which the council was declared ‘bankrupt’ 13:54, 18 Jul 2025Updated 16:52, 18 Jul 2025 Deborah Cadman/Birmingham City Council House(Image: Martin O’Callaghan/Birmingham Live) The former chief executive of Birmingham City Council, Deborah Cadman, received just shy of £500,000 during the year she…
The National Company Law Appellate Tribunal, Chennai Bench, comprising Justice Sharad Kumar Sharma (Member – Judicial) and Jatindranath Swain (Member – Technical), has held that the procedural direction requiring the appellant to file an affidavit confirming the accuracy of certain ledger transactions could not be appealed. The appeal was preferred u/s 61 of the IBC.…