Northern Irish personal and business insolvencies rise

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…

Lifting Corporate Veil In Real Estate Insolvency: Supreme Court’s Ruling In Alpha Corp V. GNIDA

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…

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Fears rise of phoenixing could cost taxpayers in the East

The practice, known as phoenixing, is where companies are placed into insolvency but the business and its assets are transferred over to a new, identical company, leaving creditors unpaid. This includes suppliers, customers and HMRC, which lost £836 million to small‑business phoenixing in the 2022-23 tax year, the latest year for which data is available.…

Fears rise of phoenixing could cost taxpayers in the East

The practice, known as phoenixing, is where companies are placed into insolvency but the business and its assets are transferred over to a new, identical company, leaving creditors unpaid. This includes suppliers, customers and HMRC, which lost £836 million to small‑business phoenixing in the 2022-23 tax year, the latest year for which data is available.…

Fears rise of phoenixing could cost taxpayers in the East

The practice, known as phoenixing, is where companies are placed into insolvency but the business and its assets are transferred over to a new, identical company, leaving creditors unpaid. This includes suppliers, customers and HMRC, which lost £836 million to small‑business phoenixing in the 2022-23 tax year, the latest year for which data is available.…

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Insolvency resolution drops to 13-quarter low

NEW DELHI: Corporate insolvency resolutions dropped to a 13-quarter low of 36 cases being resolved by the National Company Law Tribunal (NCLT) during Jan-March 2026, compared with 70 a year ago, with just eight plans approved in Feb and seven in March. This was the worst March quarter for the resolution process since Jan-March 2022…

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