Lok Sabha Passes Insolvency Code Amendment to Streamline Corporate Resolutions

New Delhi, 30 March (H.S.): India’s Lok Sabha on Monday approved by voice vote the Insolvency and Bankruptcy Code (Amendment) Bill 2025 aimed at resolving interpretation disputes among stakeholders in corporate insolvency proceedings. Introduced to further amend the IBC 2016 the bill addresses procedural delays between companies and individuals after review by a select committee.…

Centurion Plumbing Services (Scotland) enters liquidation

Richard Bathgate, restructuring partner and licensed insolvency practitioner at Johnston Carmichael LLP, has been appointed interim liquidator of Centurion Plumbing Services (Scotland) Ltd. The company, which operated depots in Muir of Ord and Elgin, ceased trading on 31 March 2026 due to significant cash flow challenges. All 10 staff were made redundant by the director.…

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