Aryza extends partnership with Citizens Advice to advance digital debt advice services

Source: Aryza Aryza announces that Citizens Advice has agreed to extend its partnership to further deploy Aryza’s digital financial review solution across its debt advice services.  Living costs across the UK are increasing the demand for debt advice, and much of advisers’ time is currently spent collecting financial information from clients, which is often incomplete or inconsistent, limiting the number of…

NCLAT Holds Insolvency Withdrawal Impermissible After Liquidation: Upholds Bank of Baroda’s Initiation that S.12A Cannot Apply Post‑Liquidation [Read Order]

In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has reaffirmed that withdrawal of insolvency proceedings under Section 12A of the Insolvency and Bankruptcy Code, 2016, is impermissible once liquidation has commenced, thereby upholding the Bank of Baroda‑initiated process The appeal arose from the NCLT’s common order dated 21 February 2024, which allowed the…