Large corporate bankruptcy filings increase for third consecutive year as out-of-court restructurings through liability management transactions reach record highs.

The elevated pace of large corporate bankruptcy filings that began in early 2023 continued through the latter half of 2024 and into the first half of 2025, according to a new report from Cornerstone Research.

The report, Trends in Large Corporate Bankruptcy and Financial Distress—Midyear 2025 Update, found a 4% increase in Chapter 7 and Chapter 11 filings among public and private companies with assets exceeding $100 million. Over the last 12 months (2H 2024–1H 2025), 117 large companies filed for bankruptcy, up from 113 in the previous 12 months…

The Ahmedabad bench of NCLT has admitted the insolvency plea filed by Lepton Software Export and Research against Blu-Smart Mobility over an unpaid amount of Rs 5.84 crore, and appointed Pawan Kumar Goyal as the interim resolution professional, suspending the board of the company.

A two-member bench said there is an operational debt, which…

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An extraordinary general meeting of Aker Carbon Capture ASA (underliquidation)(the “Company”) was held today as a digital meeting with online participation.

All resolutions were made in accordance with the proposals set out in themeeting notice published on 29 September 2025.

The general meeting resolved to approve the liquidation settlement and thus tofinally liquidate the Company. The Norwegian Register of Business Enterpriseshas been notified of the resolution, and the Company will shortly be deletedfrom the register.

Since the general meeting has resolved that the Company is finally liquidated,the extraordinary general meeting previously scheduled for 29 October 2025cannot take place and is therefore cancelled.

The Company started as a…

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