The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted a Section 9 insolvency plea against Baggit India Private Limited, initiating the corporate insolvency resolution process (CIRP) over an alleged operational debt of ₹1.11 crore. The petition was filed by Sunrise Global Tradelinks, a proprietary concern engaged in sourcing and supplying raw materials…
1. Main messages for England and Wales After seasonal adjustment, the number of registered company insolvencies in England and Wales was 2,035 in February 2025, 3% higher than in January 2025 (1,978) but 7% lower than the same month in the previous year (2,188 in February 2024). Company insolvencies over the past year have been…
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Sayaji Hotels (Indore) Limited has announced a mutual settlement with Ujaas Energy Limited, resolving an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. This agreement effectively removes a significant legal impediment that had been casting a shadow over the hospitality firm’s operations. Reader Takeaway: Settlement ends legal overhang; focus…
EY comments on Insolvency Service January 2026 data | EY – UK EY Read the original article here
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Halifax Panthers fans have been given hope that the club could compete again in 2026 with an update shared by a senior figure. Since Halifax entered compulsory liquidation in early February, efforts have been ongoing behind the scenes to ensure that the Panthers can return to play, whether that be in 2026 or 2027. The…