MUMBAI/NEW DELHI: In a fresh twist in the insolvency proceedings of Jaiprakash Associates Ltd (JAL), the Committee of Creditors (CoC) on Monday told the appellate tribunal that a possible information leak may have prompted Vedanta Ltd to revise its bid for the bankrupt firm. Solicitor General Tushar Mehta, appearing for the CoC before the National…
He also noted that other bidders, including Dalmia Group and Jindal Power Limited, took part in the process and were bound by the same rules set out in the Information Memorandum and RFRP. These documents, he said, were binding and ensured fairness and consistency. On Vedanta’s main argument—its November 8, 2025 addendum seeking to revise…
Company insolvencies in Scotland climbed 11 per cent year-on-year in March 2026, with 131 cases registered compared to the same month in 2025. The total comprised 57 compulsory liquidations, 53 creditors’ voluntary liquidations (CVLs), 18 administrations and three receivership appointments. No company voluntary arrangements (CVAs) were recorded during the period. Over the 12 months to…
Business Rescue Applications Under Scrutiny: business rescue orders are not there for the taking! Polity.org.za Read the original article here
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales increased by 7% in March 2026 when compared to the previous month. and were on similar levels to March 2025. March’s increase suggests that oil price spikes and renewed inflation concerns linked to escalating conflict in the…
First Brands left with lawsuits as major asset after bankruptcy MSN Read the original article here
Scottish business insolvencies increase by 11% Credit Connect 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 March 2026. The data showed that there were 35 company insolvencies registered in Northern Ireland, 21% higher than in March 2025. The insolvencies comprised of 25 compulsory liquidations, nine CVLs and one CVA. There were…
Insolvency practice, Business Rescue Expert (BRE), has announced the launch of a specialist Turnaround division. Turnaround & Restructuring Expert (TRE) is supporting businesses across the UK, with a focus on protecting jobs and avoiding formal insolvency. The move forms part of Darlington-headquartered Business Rescue Expert’s wider strategy to expand its advisory services and follows the…
Directive (EU) 2026/799 harmonising aspects of insolvency law Simmons & Simmons Read the original article here