Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
The number of businesses that have gone bankruptin Germanyin the first three months of 2025 is as high as it has been at any point in the past eleven years. But which companies are being hit the hardest? And how likely is it that the situation will calm down soon?
“The storm of bankruptcies continues.” That is how the news agency Reuters quoted Volker Treier, chief analyst at the German Chamber of Commerce and Industry (DIHK), last Friday: “Small and medium-sized enterprises in particular are facing problems.”
A DIHK survey showed that nearly one in three companies with fewer than 20 employees fears a deterioration in its financial situation. These businesses account for about 85% of all companies in…
The National Company Law Appellate Tribunal (NCLAT) has set aside the initiation of Corporate Insolvency Resolution Process (CIRP) against OFB Tech Private Limited, citing the existence of a pre-existing dispute between the parties and records available with the National E-Governance Services Limited (NeSL).
In its order, the appellate tribunal overturned the decision of the National Company Law Tribunal (NCLT), which had earlier admitted an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016 by an operational creditor.
Dispute Existed Prior to Insolvency Filing
The NCLAT observed that documents placed on record clearly indicated that disputes between the operational creditor and OFB Tech existed well before…
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A SME impacted by the recent Ditwah cyclone in Central province
At the time of writing this article, media reports indicate that a group of 120 leading global economists, including Nobel laureate Joseph Stiglitz, have issued a welcome and timely call for the suspension of Sri Lanka’s debt payments and a fresh assessment of debt sustainability. Their intervention underscores a principle that is often acknowledged rhetorically but resisted in practice. In moments of national catastrophe, debt relief itself becomes a form of disaster relief. There is little doubt that such an approach would provide critical breathing space for the Sri Lankan economy, which has only begun a fragile and uneven recovery after years…
A SME impacted by the recent Ditwah cyclone in Central province
At the time of writing this article, media reports indicate that a group of 120 leading global economists, including Nobel laureate Joseph Stiglitz, have issued a welcome and timely call for the suspension of Sri Lanka’s debt payments and a fresh assessment of debt sustainability. Their intervention underscores a principle that is often acknowledged rhetorically but resisted in practice. In moments of national catastrophe, debt relief itself becomes a form of disaster relief. There is little doubt that such an approach would provide critical breathing space for the Sri Lankan economy, which has only begun a fragile and uneven recovery after years…
A SME impacted by the recent Ditwah cyclone in Central province
At the time of writing this article, media reports indicate that a group of 120 leading global economists, including Nobel laureate Joseph Stiglitz, have issued a welcome and timely call for the suspension of Sri Lanka’s debt payments and a fresh assessment of debt sustainability. Their intervention underscores a principle that is often acknowledged rhetorically but resisted in practice. In moments of national catastrophe, debt relief itself becomes a form of disaster relief. There is little doubt that such an approach would provide critical breathing space for the Sri Lankan economy, which has only begun a fragile and uneven recovery after years…
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