Scottish company insolvencies edge 6% higher in April

Liquidation

Michelle Elliot – Restructuring advisory partner at FRP Company insolvencies in Scotland rose by 6% year-on-year in April 2026, with 107 cases registered compared with the same month in 2025. The figure was made up of 53 creditors’ voluntary liquidations (CVLs), 49 compulsory liquidations and five administrations. There were no company voluntary arrangements (CVAs) or…

Foreign Oil Assets Kept Outside Videocon Industries’ CIRP: NCLAT Rules in SBI’s Favour, Relies on CoC’s Commercial Wisdom [Read Order]

Liquidation

In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), New Delhi, has upheld the exclusion of Videocon Industries’ foreign oil and gas assets from its Corporate Insolvency Resolution Process (CIRP). The appellate tribunal sided with the State Bank of India (SBI) and the Committee of Creditors (CoC), affirming that the lenders’ commercial wisdom…