Covid effect causes year-on-year rise in South West insolvencies – Business Live

Corporate insolvencies continue to rise year-on-year according to insolvency and restructuring trade body R3 in the South West. Although the figures show a slight fall between June and July 2021, it was the third consecutive month in which year-on-year corporate insolvency levels have risen. R3 said the month-on-month fall in corporate insolvencies was a result…

Corporate Insolvencies Fell Slightly in July Compared to June – Business News Wales

Corporate insolvencies fell slightly in July compared to June. But July was also the third consecutive month in which year-on-year corporate insolvency levels have risen, according to insolvency and restructuring trade body R3 in Wales. R3 said that the month on-month fall in corporate insolvencies was a result of a drop in Compulsory Liquidations, Creditors’…

Does NCLT hold a magic wand to settle all insolvency-related issues? – BusinessLine

The National Company Law Tribunal (NCLT), was formulated under the Insolvency and Bankruptcy Code, 2016 (IBC) to deal with insolvency and liquidation matters of corporate entities. Experience has shown that litigants tend to approach the NCLT for redressal of all grievances against companies undergoing insolvency resolution or liquidation. However, does the NCLT really have such…