The National Company Law Appellate Tribunal at Chennai has reiterated that an insolvency case cannot be withdrawn once liquidation has begun, holding that the law allows withdrawal only during the resolution stage and not after a liquidation order is passed. A bench of Judicial Member Justice Sharad Kumar Sharma and Technical Member Jatindranath Swain dismissed…
The National Company Law Tribunal (NCLT) has reaffirmed the legal enforceability of costs approved during the Corporate Insolvency Resolution Process (CIRP), highlighting the binding nature of decisions taken by the Committee of Creditors (CoC). In a landmark ruling delivered on December 16, 2025, the Tribunal addressed the financial responsibilities of creditors under the Insolvency and Bankruptcy Code,…
Following our previous alert, in which we highlighted an issue with entries relating to registered security maintained at Companies House being incorrectly updated to indicate that they had in fact been discharged without the awareness of the relevant company or security holder, it appears that some (potentially all) unauthorised filings have been – or are…
Thomas McKay – Managing partner at Begbies Traynor in Scotland George Lafferty of Begbies Traynor has been appointed provisional liquidator of The View Café, Aviemore a popular café with both locals and visitors, as part of a Scottish court liquidation process. The company entered provisional liquidation on 16 December and has ceased trading, resulting in…
What are journalists missing from the state of Delaware? What would you most like WHYY News to cover? Let us know. More than 18,000 Delawareans will get some welcome news in the mail in the days before Christmas. Their old medical debt has been forgiven. The early holiday gifts, which total $18.8 million in value,…
Ahead of COP30 in Belém, Brazil, Greenpeace South Asia wrote to Sri Lanka’s Ministry of Environment outlining key priorities for the country’s climate negotiations. The letter calls on Sri Lanka to assert a strong, principled position that reflects its reality as one of the world’s most climate-vulnerable nations while facing a deep debt crisis. It…
Tara Bannow covers hospitals, providers, and insurers. You can reach Tara on Signal at tarabannow.70. Eight years before Steward Health Care’s explosive, highly publicized collapse, the private equity-backed hospital chain sold its properties to a real estate investment trust. A new study adds weight to the widely-held belief that the deal precipitated Steward’s demise. Hospitals…
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Andrew Leigh, Assistant Minister for Productivity, Competition, Charities and Treasury, has underscored the importance of Australia’s insolvency system in supporting productivity. In a speech to be delivered at the Australian Financial Security Authority (AFSA) Summit on Tuesday (18 November) and seen by Accounting Times, Andrew Leigh underscored the importance of a robust and trustworthy insolvency…