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…
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YOUNGSTOWN, Ohio (WKRC) – An iconic Ohio baking company will liquidate after more than 100 years in business. According to media outlets in Youngstown, Ohio, Schwebel Baking Company will begin “winding down operations” in “an orderly fashion through the balance of summer” in a liquidation process that will include the closing of its bakery in…
The number of company insolvencies registered in Scotland fell by a quarter in May compared with the same month last year, according to the latest figures published by the Insolvency Service. A total of 100 company insolvencies were registered in Scotland in May 2026, down 25% from May 2025. The figures show that insolvencies comprised 51…
Rewriting the rules of distress: Part I Bar and Bench Read the original article here
On 9 June, BSEC issued a fresh directive instructing trustees to move forward with the conversion or liquidation process. TBS Report 17 June, 2026, 09:15 pm Last modified: 18 June, 2026, 01:18 am Infographics: TBS “> Infographics: TBS The Appellate Division’s Chamber Court has stayed a High Court order that had blocked the conversion or…
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…
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