The National Company Law Appellate Tribunal (NCLAT) has upheld the dismissal of a Section 9 application filed under the Insolvency and Bankruptcy Code, 2016, holding that a genuine pre-existing dispute between the parties, arising out of warranty claims and not the sale of goods, barred initiation of corporate insolvency proceedings. The Tribunal further observed that…
The Insolvency Service said company administrations rose 30% year-on-year in February to 146, maintaining high levels seen in January when 152 firms called in administrators. Overall, company insolvencies across the board were 7% higher when compared with January, at 1,878, but were 7% lower on an annual basis. Experts said the cost shock being caused…
Court transcription services provider VIQ Solutions goes into administration in Australia | Lawyerly Court transcription services provider VIQ Solutions goes into administration in Australia Save (0) Please login to bookmark Close The Australian arm of Canadian court services company VIQ Solutions, which provides transcription services to the Federal Court, has entered voluntary administration. error: The…
Company failures rise amid fears Iran war will push collapses higher MSN Read the original article here
The National Company Law Tribunal (NCLT), Chandigarh Bench, has admitted an insolvency petition filed by One97 Communications Ltd. (Paytm) under Section 9 of the Insolvency and Bankruptcy Code (IBC) against Eyemyeye Pvt. Ltd., over alleged default of ₹3.03 crore in operational dues. The petition arose after Eyemyeye failed to clear invoices for digital advertising and…
Surrey business adviser banned as company director for second time after running up £120,000 tax debts Director ignored lessons of first disqualification and ran up fresh six-figure liability through new consultancy firmFrom:The Insolvency ServicePublished17 March 2026 Richard Beal has been disqualified as a company director for five years after his management consultancy Larter Beal Limited…
Scottish company insolvencies fell by 5% year-on-year in February 2026 compared with the same month the previous year, with 98 insolvencies registered in total. The figure comprised 50 creditors’ voluntary liquidations (CVLs), 39 compulsory liquidations, six administrations, two receivership appointments and one company voluntary arrangement (CVA). Michelle Elliot, restructuring advisory partner at FRP in Glasgow,…
NCLT Approves Adani Enterprises’ Resolution Plan for Jaiprakash Associates Limited scanx.trade Read the original article here
What Happens To Directors After Company Liquidation? Freeths Read the original article here
Eastbourne and Hailsham gift shops close as company goes into ‘voluntary liquidation’ SussexWorld Read the original article here