The Collapse of Corporate Justice in India, ETLegalWorld

NCLT India’s National Company Law Tribunal (NCLT) in New Delhi, the principal forum for insolvency resolution and corporate disputes, is facing what lawyers describe as an “unprecedented breakdown” of judicial functioning, as unsafe infrastructure has forced multiple courtrooms to shut and proceedings to be drastically curtailed. The crisis came to a head this week when…

Bankruptcy proceedings initiated for AB Šatrija

On 4 September 2025, the Šiauliai Regional Court ruled to initiate bankruptcy proceedings for AB Šatrija, a sewing services company owned by the Utenos Trikotažas Group. The ruling may be appealed within 7 days of delivery. Once it becomes final, AB Šatrija will acquire the status of a bankrupt legal entity. Insolvency administrator Juozas Valaitis…