The National Company Law Tribunal (NCLT), Amaravati Bench, has admitted Canara Bank’s insolvency plea against KGOC Terminals Private Limited. It held that the company could not rely on the COVID-19 suspension on insolvency filings because it had already defaulted on its loan repayments before that period began. The later classification of the loan account as…
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The number of Scottish companies falling into insolvency remained broadly unchanged year-on-year in June, according to the latest official figures from Companies House. A total of 104 company insolvencies were registered in Scotland during the month, a similar level to June 2025. The total comprised 61 creditors’ voluntary liquidations (CVLs), 41 compulsory liquidations and two…
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The number of registered company insolvencies in England and Wales stood at 1,845 in June 2026, broadly in line with May’s figure of 1,849, and 10% lower than the 2,048 insolvencies recorded in June 2025, according to the latest data. Of June’s total, 276 were compulsory liquidations, 1,364 were creditors’ voluntary liquidations (CVLs), 191 were…