Insolvency activity rises by 17% in Scotland

Insolvency-related activity rose by 17% in Scotland last month, says R3, the UK’s restructuring, turnaround and insolvency trade body. R3’s analysis of data provided by CreditSafe indicated an increase in insolvency-related activities from 106 in September to 124 in October. October 2024 figures are 9% higher than the same period in 2024, which saw a spike…

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Understanding the Continuation of Avoidance Transactions Post-IBC Resolution, ETRealty

The jurisprudence surrounding avoidance applications under the Insolvency and Bankruptcy Code (IBC), 2016, has evolved into one of the most crucial debates in India’s insolvency ecosystem. At the heart of the issue lies a fundamental question, can avoidance proceedings, filed to reverse preferential or fraudulent transactions, survive once the corporate insolvency resolution process (CIRP) concludes?While…