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First large-scale study finds Members’ Voluntary Liquidations are working effectively | Insolvency Service

The study is the first large scale analysis of Members’ Voluntary Liquidations (MVLs) outcomes in England and Wales. A Members’ Voluntary Liquidation is a formal process used by solvent companies that have reached the end of their useful life.  The research was commissioned to improve understanding of the MVL landscape.  The research looked at 2,309…

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NCLT Ahmedabad Admits CIRP Against JSW Subsidiary, Holds Guarantor Liability Co-extensive With Borrower

The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 17 June held that insolvency proceedings against a corporate guarantor cannot be made conditional on the realisation of assets of the principal borrower and reaffirmed that a guarantor’s liability remains co-extensive with that of the principal debtor under Section 128 of the Indian Contract…