German subsidiaries of DOMO Chemicals file for insolvency

Three German subsidiaries of Belgian chemical giant DOMO Chemicals have filed for insolvency, the companies have confirmed. DOMO Chemicals GmbH, DOMO Caproleuna GmbH, and DOMO Engineering Plastics GmbH are affected.  The local court has appointed Lucas F Flöther, a name partner at law firm Flöther & Wissing, as preliminary insolvency administrator. Flöther said he plans…

NCLT struggles as insolvency cases surge beyond capacity

The Insolvency and Bankruptcy Code (IBC) framework in 2025 was marked by mounting stress on timelines and capacity, with resolution processes stretching far beyond the statutory limits, despite efforts by the National Company Law Tribunal (NCLT) to cope with its limited capacity. Senior advocates and legal industry experts have voiced concerns over systemic delays, pointing…

Kuwait completes third national debt relief campaign; restores stability to thousands of families

Kuwait disburses 15.37 million dinars in third national debt relief campaign, lifting burdens from 2,635 families Third debt settlement drive achieves record results, reinforcing Kuwait’s social protection and humanitarian commitment Ministry of Social Affairs and partners complete landmark campaign to restore financial stability to struggling citizens Amounts range from 5,000 to 16,500 dinars, in line…

With mounting pendency, infra woes, NCLT struggles as insolvency cases surge beyond capacity

New Delhi: The Insolvency and Bankruptcy Code (IBC) framework in 2025 was marked by mounting stress on timelines and capacity, with resolution processes stretching far beyond the statutory limits, despite efforts by the National Company Law Tribunal (NCLT) to cope with its limited capacity. Senior advocates and legal industry experts have voiced concerns over systemic…