Commentary – Company Insolvency Statistics December 2024

1. Main messages for England and Wales Annual summary for 2024 In 2024, there were 23,872 registered company insolvencies comprising 18,840 creditors’ voluntary liquidations (CVLs), 3,230 compulsory liquidations, 1,597 administrations, 202 company voluntary arrangements (CVAs) and three receivership appointments. The total number of company insolvencies in 2024 was 5% lower than in 2023, which saw…

Aberdeen home improvement firm enters liquidation

The company director carried out a review of potential options to preserve the business, including exploring alternative solutions to allow trading to continue. However, it was ultimately concluded that liquidation was the only viable course of action. Richard Bathgate, restructuring partner and licensed insolvency practitioner at Johnston Carmichael LLP, has been appointed interim liquidator. The…

NCLAT Dismisses Appeals Against Liquidation Extension and Trustee’s Continuation Beyond Age 70 [Read Order]

In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Chennai, dismissed two appeals filed by the appellant, a former director and personal guarantor of Sri Ananda Lakshmi Narasimha Industries India Pvt Ltd., challenging the extension of the company’s liquidation period and the continuation of its bankruptcy trustee beyond the age of 70. The appellant Chavva Naga Sampathi Tayaru argued that the Amaravati…

2026 Supreme Court mid-year review: Insolvency and Bankruptcy

The first six months of 2026 saw notable decisions on insolvency by the Supreme Court in cases concerning admission of the Corporate Insolvency Resolution Process (CIRP), corporate guarantees, resolution applicants, limitation, licensed spectrum and the relationship between the Insolvency and Bankruptcy Code, 2016 (IBC) and other statutes.  This period coincided with an amendment to the…

German Prosecutors Search Sites Over Gazprom Unit Liquidation

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