R3 responds to the 2024 annual insolvency statistics

Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, says: “Despite a year-on-year decline in corporate insolvency numbers,…

Bombay HC Revives Mumbai-Based Swadeshi Mills Company Limited’s Liquidation Process, Overturns Stay On Winding-Up Proceedings

Mumbai: In a pivotal decision, the Bombay High Court on Wednesday overturned an earlier order staying the winding-up proceedings of Swadeshi Mills Company Limited, effectively reviving its liquidation process. The judgment followed an appeal by shareholders Bipin Bagadia and Ashish Mooni, challenging the stay granted by a lower court. The stay had been sought by…