Commentary – Business Insolvency Demography 2015 to 2025

This publication uses company insolvency data from the monthly Company Insolvency Statistics, combined with the Office for National Statistics’ (ONS) Inter-Departmental Business Register (IDBR), which provides demographic information about businesses. Since multiple companies can be related to one business, these statistics are not comparable with the Insolvency Service’s other statistics publications. We have defined a…

Absence of genuine dispute leads to CIRP against paper mill over ₹1.25 crore operational debt: NCLT admits insolvency plea under Sec. 9 IBC [Read Order]

The National Company Law Tribunal (NCLT), Chennai Special Bench‑II, has admitted an insolvency petition filed by the petitioner under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency ResolutionProcess (CIRP) over an operational debt of ₹1.25 crore. The petitioner, Arjun Saikumar, engaged in coal trading and supplied “non‑cooking steaming coal” to the Coimbatore‑based paper…

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African and Caribbean leaders call for payments, debt cancellation, formal apologies over slavery

African and Caribbean leaders are demanding financial compensation, debt cancellation and formal apologies from countries that benefited from the transatlantic slave trade after adopting a sweeping reparations plan at a conference in Ghana. The 19-point framework calls for financial compensation, debt relief, a Global Reparations Fund and the return of looted cultural artifacts and ancestral…