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ICSM Sports Business Insolvency News: the bizarre double standards when football clubs go bust compared to the fortunes of the average SME

By Harry Mottram: The owners of high street shops, manufacturing outfits, logistic companies and Britain’s many thousands of SMEs must scratch their heads when they look at what has happened to Sheffield Wednesday FC this year. Insolvent, in administration and up for sale with £80m of debt, surely the club would have to be liquidated? Not…

The business case for trading out of planetary insolvency

Earth Overshoot Day is calculated by the Global Footprint Network using UN and other official datasets to estimate two big numbers: the Earth’s annual “biocapacity” (how much biological resource nature can renew in a year) and humanity’s ecological footprint (our demand for land, food, energy and materials during the same period). Dividing one by the…

LiveLawBiz IBC Monthly Digest: July 2026

SUPREME COURT Supreme Court Likens AI Hallucinations To Gas Behind Bhopal Gas Tragedy, Sets Aside CIRP Orders Over Fake Case Law Case Title : POOJA RAMESH SINGH Versus JAMMU AND KASHMIR BANK LTD AND ANR. Case Number : C.A. No. 11950/2025 Comparing fake AI-generated legal material to the release of methyl isocyanate (the gas behind…

Panel makes dedicated IBC benches at NCLT mandatory

The Joint Committee of Parliament on the Corporate Laws (Amendment) Bill, 2026 has recommended that dedicated IBC benches at the National Company Law Tribunal (NCLT) for insolvency cases be constituted as a binding statutory obligation rather than left to administrative discretion, and has doubled the monetary threshold for summary liquidation to Rs 2 crore. In…