This publication uses company insolvency data from the monthly Company Insolvency Statistics, combined with the Office for National Statistics’ (ONS) Inter-Departmental Business Register (IDBR), which provides demographic information about businesses. Since multiple companies can be related to one business, these statistics are not comparable with the Insolvency Service’s other statistics publications. We have defined a…
The National Company Law Tribunal (NCLT), Chennai Special Bench‑II, has admitted an insolvency petition filed by the petitioner under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency ResolutionProcess (CIRP) over an operational debt of ₹1.25 crore. The petitioner, Arjun Saikumar, engaged in coal trading and supplied “non‑cooking steaming coal” to the Coimbatore‑based paper…
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A number of UK businesses have been forced to close their doors or call in administrators in 2026 A popular restaurant is among the companies that have fallen into administration recently(Image: Thomas Barwick via Getty Images) 2026 has proved to be a bruising year for UK businesses, with many forced to shut up shop or…
A story that should become a movie or a Netflix series. And one that involves one of the most valuable assets in recent years: gold . English courts have concluded that several gold coin dealers from the specialist firm Hattons of London orchestrated a “dishonest and reprehensible” plan, according to the ruling, to obtain a…
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In a recent ruling, the National Company Law Tribunal (NCLT) Kochi Bench has directed the reclassification of Yes Bank’s ₹4.92 crore loan to Roofco Trading Company Private Limited as unsecured financial debt, holding that the mortgage relied upon by the bank was created over the promoters’ personal properties and not the corporate debtor’s assets. The…
The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency Resolution Process for Corporate Persons (Fourth Amendment) Regulations, 2026, introducing important changes aimed at strengthening creditor participation and tightening control over insolvency costs. Under the amendment, the composition of the Committee of Creditors (CoC) has been revised to include the 18 largest unrelated…
Aksh Optifibre Enters Corporate Insolvency Resolution, Invites Creditor Claims TipRanks Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…