Finance Minister tables new bankruptcy bill

The Government of India has officially tabled the Insolvency and Bankruptcy Code (Amendment) Bill, 2026 in the Lok Sabha. The proposed legislation represents the most significant overhaul of India’s distressed asset framework since the code’s inception in 2016, aiming to slash resolution timelines and integrate artificial intelligence into the judicial process. The bill arrives at…

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UK furniture company known for sofas goes into liquidation

Sofa Point UK Ltd in Birmingham aimed to “supply high quality traditional and contemporary sofas direct to the public at the lowest possible prices,” according to its website which is currently unavailable. A notice regarding the company’s trading update was published on The Gazette yesterday (March 25), the UK’s oldest official public record that notes important legal,…

Taunton business issued winding-up petition

TRUST INVENTORY LTD, which operates from the Collar Factory in town, is currently subject to a winding-up order petition, a formal application which has been made to the court asking for it to be wound up and placed into compulsory liquidation. READ MORE: Established Somerset company enters administration after 24 years READ MORE: Taunton Town…