Seven-year bans for sisters who enabled insolvency avoidance scheme and put creditors at risk of financial loss

Karen Mortimer and Joanna Seawright have been disqualified for their part in a scheme designed to subvert insolvency legislation  Both facilitated the Atherton corporate rescue scheme by becoming directors of a combined 138 struggling companies without independently verifying their financial positions, failing to look into the location of more than £42 million in assets and…

NCLT Orders Insolvency Proceedings Against Bhilai Jaypee Cement; Details Here | Business News

Last Updated:October 22, 2025, 13:51 IST A two-member NCLT bench also appointed an interim resolution professional (IRP), suspending Bhilai Jaypee Cement’s board and placing it under a moratorium. Sidhgiri Holdings moved NCLT, filing a petition against Bhilai Jaypee Cement under Section 9 of the IBC. The National Company Law Tribunal (NCLT) has ordered the initiation…