Opposition Leader Sajith Premadasa has fully endorsed the appeal by international economists urging substantial debt relief for Sri Lanka in the wake of Cyclone Ditwah.

“I hope President Anura Kumara Dissanayake and his administration have the courage, wisdom, and capability to achieve these objectives,” Premadasa said in a post on ‘X’.

His remarks come after a group of 120 leading global economists, including Nobel laureate Joseph Stiglitz, inequality expert Thomas Piketty, and development scholar Jayati Ghosh, called for the immediate suspension of Sri Lanka’s external debt payments.

They stressed that the country, already burdened by repayments amounting to 25% of government revenues, cannot sustain its obligations…

The National Company Law Appellate Tribunal (NCLAT) at New Delhi, has recently reiterated that that the Covid-era suspension under the Insolvency and Bankruptcy Code does not protect personal guarantors from insolvency proceedings. The appellate tribunal ruled that the suspension applies only to companies and does not bar creditors from initiating insolvency proceedings against individuals…

The National Company Law Appellate Tribunal (NCLAT) at New Delhi, has recently reiterated that that the Covid-era suspension under the Insolvency and Bankruptcy Code does not protect personal guarantors from insolvency proceedings.

The appellate tribunal ruled that the suspension applies only to companies and does not bar creditors from…

Chairperson of the Select Committee of Lok Sabha Baijayant Panda presented the Report on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 to the Lok Sabha yesterday. The Bill had been introduced in the Lok Sabha in August this year and referred to the Select Committee for examining the Bill and submitting its report to the Parliament. In its recommendations, the Committee has proposed fixing a three-month time limit for the National Company Law Appellate Tribunal (NCLAT) to decide insolvency appeals. This would require an amendment to the relevant section of the Code.

The Committee recommended that the definition of the term ‘service provider’ be suitably modified to include ‘registered valuer’ to the list of…

Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales decreased by 6.7% to 1,866 in November 2025, compared to the November 2024 figure of 2,001.

The business insolvencies consisted of 250 compulsory liquidations, 1,461 creditors’ voluntary liquidations (CVLs), 136 administrations, 18 company voluntary arrangements (CVAs) and one receivership appointment.

CVLs accounted for 78% of all company insolvencies. The number of CVLs decreased by 7% from October 2025 and was 7% lower compared to the same month last year (November 2024).

The number of compulsory liquidations in November 2025 was 21% lower than in October 2025 and 10% lower than in November 2024….

Latest figures from the Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell in November 2025.

The data showed there were 98 company insolvencies registered in Scotland, 14% lower than the number in November 2024.

The business insolvencies comprised of 58 CVLs, 33 compulsory liquidations and seven administrations.

There were no CVAs or receivership appointments.

Latest monthly statistics from the Insolvency Service show that business insolvencies increased whilst personal insolvencies fell in Northern Ireland in November 2025. 

The data shows that there were 43 business insolvencies registered in Northern Ireland, 169% (2.7 times) higher than in November 2024. The insolvencies comprised of 33 compulsory liquidations, eight CVLs and two CVAs. There were no administrations or receivership appointments.

Personal insolvency data show there were 130 insolvencies in, which was 10% lower than in November 2024.

There were 82 IVAs, 30 bankruptcies and 18 DROs.

New Delhi, Dec 22 (KNN) The Ministry of Corporate Affairs has sought the Cabinet’s approval for a proposal to set up 50 additional courts of the National Company Law Tribunal (NCLT) and two more benches of the National Company Law Appellate Tribunal (NCLAT).

The proposal was shared with the Select Committee examining the Insolvency and Bankruptcy Code (IBC) Amendment Bill, 2025.

Regulations Planned to Enforce Timelines

The Ministry informed the Parliamentary panel that it plans to frame regulations under the proposed ‘Adjudicating Authority Rules for the IBC process’ to ensure adherence to statutory timelines, reported BS.

The regulations would be drafted after ‘carefully calibrating the infrastructure, functional…

Jott joins the list of those affected by the French ready-to-wear crisis. The Marseille-based fashion company Just over the top has been placed in redressement judiciaire (French procedure equivalent to insolvency proceedings) after being declared bankrupt. The Marseille court of economic activities has opened the procedure and set a six-month provisional observation period.

The court has convened an intermediate hearing for February 5th, at which it will assess whether the company has sufficient financial capacity to sustain its activity and will decide whether the observation phase will be maintained or whether the process will lead to judicial liquidation.

The decision has had an impact on the local ecosystem….

Jott joins the list of those affected by the French ready-to-wear crisis. The Marseille-based fashion company Just over the top has been placed in redressement judiciaire (French procedure equivalent to insolvency proceedings) after being declared bankrupt. The Marseille court of economic activities has opened the procedure and set a six-month provisional observation period.

The court has convened an intermediate hearing for February 5th, at which it will assess whether the company has sufficient financial capacity to sustain its activity and will decide whether the observation phase will be maintained or whether the process will lead to judicial liquidation.

The decision has had an impact on the local ecosystem….