Board rules that director has no standing to bring a claim on behalf of a company in liquidation. In an appeal from the Supreme Court of Mauritius, the Privy Council has dismissed two appeals by Stephen Mbugua Mwagiru, a director of Manhattan Coffee Investment Holding, ruling that he had no standing to continue litigation in…
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales increased by 2% in April 2026 compared to the previous month rising to 2,085 from 2,037. April’s figure was 3% up on the same month in 2025. The data showed that there were 2,085 business insolvencies. The…
Prime Trust’s estate has sued Strike, claiming the Bitcoin payments company withdrew nearly $29.5 million and 1,939 Bitcoin just weeks before Prime Trust went bankrupt. The lawsuit is now raising questions about whether some crypto firms saw the collapse coming early and quickly moved funds to protect themselves Prime Trust Estate Targets Strike Withdrawals According…
Scottish business insolvencies increase by 6% Credit Connect Read the original article here
NEW DELHI: IBBI has issued fresh guidelines for the empanelment of insolvency professionals to enable quick appointments in corporate insolvency and bankruptcy cases. These guidelines provide the procedure for preparing a panel of insolvency professionals (IPs) to act as Interim Resolution Professionals (IRPs), liquidators, resolution professionals (RPs) and bankruptcy trustees (BT). In a circular on…
UK transport firm collapses into liquidation – in business since 2008 MSN Read the original article here
Latest monthly statistics from the Insolvency Service have shown that business insolvencies and personal insolvencies rose in Northern Ireland in April 2026. The data showed that there were 166 personal insolvencies in April, which was 35% higher than in April 2025. The insolvencies consisted of 129 IVAs, 23 bankruptcies and 14 DROs. Business insolvency data…
DFS organises Half-Day Workshop on Insolvency and Bankruptcy (Amendment) Act, 2026 India Education Diary Read the original article here
The Supreme Court’s recent judgment in Alpha Corp Development Private Limited v. Greater Noida Industrial Development Authority marks a significant development in India’s evolving insolvency and corporate jurisprudence. Delivered on 05 May 2026 by a Bench comprising Justice Sanjay Kumar and Justice Alok Aradhe, the judgment revisits the doctrine of lifting the corporate veil in…
Bitcoin Depot, the largest bitcoin ATM operator in North America, filed for Chapter 11 bankruptcy protection Monday and will wind down its network of more than 9,000 ATMs, it said. Bitcoin Depot CEO Alex Holmes, in a statement Monday, faulted a regulatory landscape he said is becoming markedly unfriendly to bitcoin teller machine companies. “States…