NCLAT Judge Recuses From Case Saying He Was Approached By ‘Higher Judiciary Member’ To Favour A Party

The judicial member of National Company Law Appellate Tribunal, Chennai Bench, Justice Sharad Kumar Sharma, recused from hearing an insolvency matter, after observing that he was approached by  “one of the most revered members of the higher judiciary” seeking an order favouring a particular party.  The August 13 order passed by a bench of judicial…

Arbitration Agreements and Insolvency Proceedings: Comparing the Pro-Arbitration Perspectives in Singapore, the United Kingdom, and India, and Calling for International Consensus

In the ever-evolving landscape of international commercial disputes, the co-existence of arbitration and insolvency-related proceedings has become a focal point. This comparative piece delves into the legal position in three key jurisdictions – Singapore, the United Kingdom, and India – and focuses on the pro-arbitration approach of deferring to the arbitral tribunal and staying (or…

North East response to insolvency numbers rising

The rise comes amid ongoing economic uncertainty that continues to affect businesses and households across England and Wales. Corporate insolvencies climbed by 1.4 per cent to 2,081 cases in July, up from 2,053 in June and broadly in line with last July’s figure of 2,078, according to new data from the Insolvency Service. Kelly Jordan,…

Resource Development Group Enters Voluntary Administration

Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The latest announcement is out from Resource Development Group Limited ( (AU:RDG) ). Resource Development Group Limited, along with six of its subsidiaries, has entered voluntary administration,…