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Inverclyde Council clears school meal debt from families

This was made possible due to £74,041.99 of support from the Scottish Government’s School Meal Debt Fund, which was launched to address financial pressures and remove barriers to learning for children. SNP candidate Stuart McMillan said: “The cost of living crisis is affecting households across Inverclyde, so it’s important that we provide meaningful support to…

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India’s insolvency overhaul raises key question: Do MSMEs and small creditors benefit

The Insolvency and Bankruptcy Code (Amendment) Act, 2026 marks a significant evolution in India’s insolvency framework, promising faster resolutions and improved efficiency. But a key question remains: do these changes meaningfully benefit debtors and smaller stakeholders such as MSMEs, suppliers, and employees?  According to Saloni Kothari, Partner and Group General Counsel at BDO India, the answer is nuanced. The amendments do offer…

NCLAT Rules India Property Insolvency Must Target Specific Projects

Project-Level Insolvency Mandated The National Company Law Appellate Tribunal (NCLAT) has ruled that insolvency proceedings initiated by homebuyers against real estate firms must be strictly confined to the specific project where a financial default has occurred. This tribunal’s clarification prevents a single project’s distress from triggering legal action against an entire corporate group’s unrelated assets.…