India has made a big change in its insolvency law. The Insolvency and Bankruptcy Code (Amendment) Act, 2026 got approval from the President on 6 April 2026 and is now published in the Gazette of India. The law will start on dates decided by the Central Government, and different parts may start at different times.…
Steve Ellis, president of the nonpartisan budget watchdog Taxpayers for Common Sense, told us in an email, “I don’t think insolvency is the right term for the federal government. Except for a short time in Andrew Jackson’s presidency the country has always been in debt. Even when there was brief surplus in late 90s, early…
Doric Pub Company Limited has confirmed the closure of its Kittybrewster Bar and the Brig O’Dee Bar in the Granite City, as first reported by The Herald. The firm closed its two pubs after deciding to be wound up voluntarily, with Michael Reid, of MHA, appointed as the liquidator. According to recent documentation lodged with…
The liquidation of STR 48 seems to be the end of the road for Wells, even though his wife continued to briefly operate one of the Antipodea branches under a different company. Fittingly, this company also faced a tribunal claim in September 2025 for unpaid wages – and lost. All of the branches have now…
A renowned liquidator has been accused of being secretly behind an alleged predatory lender that appoints him to seize millions of dollars in assets from its defaulting borrowers. Blackbird Capital Group is under investigation by class action law firm Adero Law over allegations of unfair lending practices whereby the firm charges interest on commercial loans…
Got story updates? Submit your updates here. › As insolvency filings surge in Germany, access to detailed data becomes essential for businesses to assess financial risks and respond to market disruptions.Oakland Park Today Germany Insolvencies reports that insolvency filings have surged by more than 300% in five years, cutting across sectors and increasing risk exposure…
New Delhi: The National Company Law Appellate Tribunal (NCLAT) has directed that insolvency proceedings against Future Lifestyle Fashions be concluded within three months, while dismissing an appeal filed by an operational creditor. A two-member bench comprising Yogesh Khanna and Ajai Das Mehrotra said, “However, we request the Resolution Professional, the NCLT to conclude the proceedings…
The Aberdeen-based Doric Pub Company Limited operated the Kittybrewster Bar and the Brig O’Dee Bar in the city. The company agreed to a resolution “that the company cannot by reason of its liabilities, continue its business, and that it is appropriate to wind up the company and accordingly, that the company be wound up voluntarily”,…
The Insolvency and Bankruptcy Code, originally designed to unseat promoters of companies defaulting on loans, is now opening a window for some of them to stay on and attempt a revival under creditor oversight.The original framework was unambiguous. Section 29A of the Insolvency and Bankruptcy Code barred wilful defaulters and delinquent promoters from bidding for…
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, has been recently passed by Parliament to strengthen India’s insolvency framework. The parent law, the Insolvency and Bankruptcy Code, was enacted in 2016 to create a time-bound mechanism to deal with companies that default on their loans by reviving them through resolution or liquidating them if resolution…