Federal Court of Justice confirms subordination of shareholder damages claims to all creditor claims in landmark insolvency ruling, Lars Westpfahl, Patrick Schroeder, Sonja Vidal, Susanne Hoerrmann, Tom Dittmar, Victor Aly

Bankruptcy

In its much-anticipated judgment of 13 November 2025 the German Federal Court of Justice (FCJ) held that in insolvency proceedings, shareholders’ damages claims are not to be treated pari passu with claims of unsecured creditors. With this landmark ruling, the FCJ brings an end to years of legal uncertainty, resolving the long-standing dispute between shareholders and…

Technical Objections like Insufficient Stamp Duty Cannot Defeat Insolvency Proceedings When Debt and Default Proven: NCLAT [Read Order]

Liquidation

The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has dismissed an appeal filed by assessee, suspended Director, and upheld the order of the National Company Law Tribunal (NCLT), Mumbai Bench, admitting a Section 7 application under the Insolvency and Bankruptcy Code, 2016 (IBC). The Appellant, Siddharth Satish Katariya, had challenged the…

Business Reporter – Management – Building the global standard for responsible credit and debt management SaaS solutions

Debt Help

As financial pressures intensify, regulations tighten and customer expectations for innovation rise, organisations across the credit and debt ecosystem are seeking technology that can strike a balance between efficiency and responsibility.   Aryza is well placed to address this issue. With its heritage in the lending, collections, recovery and debt sectors, the company has developed…