FTS Recovery appoints Associate Director

Restructuring practice FTS Recovery has announced that it has appointed Rachel Ennis as its new Associate Director. Her role will see her heading up a new centralised team of insolvency and recovery advisers across the Midlands region of the UK. Ennis has previously worked for FTS Recovery and their affiliated company FA Simms & Partners,…

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Osborne Clarke advises on healthcare liquidation

International legal practice Osborne Clarke has recently advised on the compulsory liquidation of NRS Healthcare, a prominent national supplier of equipment crucial for patient care. The company, headquartered in Leicestershire, has been instrumental in providing essential tools such as wheelchairs, hoists, specialist beds, and fall-monitoring pendants to approximately 40 local authorities across England. These arrangements…

Claims Of Multiple Operational Creditors Arising From Different Work Orders Can’t Be Clubbed Into Single Debt To Cross Threshold Limit: NCLT Chennai

The National Company Law Tribunal (NCLT) Chennai bench of Justice Sanjiv Jain (Judicial Member) and Venkataraman Subramaniam (Technical Member) has held that claims arising from different work orders cannot be clubbed to cross the threshold limit for filing an insolvency petition under section 9 of the IBC. Furthermore, claims of multiple Operational Creditors cannot be…