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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NCLT Kolkata Dismisses GST Consultant Fee Claim in CIRP |…

The determination of what constitutes legitimate “Insolvency Resolution Process Costs” under the Insolvency and Bankruptcy Code, 2016 remains a fertile ground for judicial scrutiny, particularly where informal professional engagements during the Corporate Insolvency Resolution Process are sought to be retrospectively clothed with statutory priority. A significant ruling on this subject was delivered by the National…