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Intervention Application U/S 60(5) Of IBC Can’t Be Entertained Beyond Limitation Period Of Three Years: NCLAT

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Rakesh Kumar Jain (Judicial Member) and Mr. Indevar Pandey (Technical Member) has held that Intervention Application under section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC) cannot be entertained beyond the limitation period of 3 years. The present appeal has been filed…

County Antrim directors disqualified for eight years

Date published: 17 July 2025 The High Court has made a Disqualification Order against the directors of a company operating in the business of travel agents. The Order was made for eight years against David John Weir (53) of Whitesides Road, Randalstown, Co. Antrim and Sharmayne Louise Weir (54) of Craigahulliar Road, Portrush, Co. Antrim…

AI in restructuring and insolvency: unlocking valu…

Insolvency processes are by definition resource-constrained environments, so artificial intelligence (AI) tools that enhance efficiency and reduce delay and cost (and ultimately improve creditor returns) are naturally a welcome development. The potential for efficiency gains via AI use in insolvency processes and restructurings more generally is significant. This brings with it the opportunity to address…