Insolvency

Now, the NCLT did not accept that the evidence was sufficient to disqualify the votes in question, so it would be wrong to say the eighty point eight one percent vote has been established as improper.

But the question matters because insolvency is fundamentally a voting process, and if creditors associated with the debtor can determine whether a debtor's own repayment plan passes, you have an obvious potential conflict.

Now, all of this brings us to a wider but no less important question: Has the IBC itself proven more prone to chronic problems than it can solve? Now, India's Insolvency and Bankruptcy Code was introduced in twenty sixteen with a simple but radical promise: Bad businesses would no longer remain trapped indefinitely between banks, promoters, and courts.

Creditors would take control.

Assets would be resolved quickly.

you and me will not be the only person that have failed at it it's bloody hard to do and you'd have to be making some some few quid out of it now making a few quid out of it is not the same as embezzling funds from from from the syndicate uh now i i look i i'm not i'm not completely on top of this story is there is there a criminal case here simon or not or is this just a bha investigation

Insolvency practitioners.

Leonard Curtis has been instructed by the director of Diva Racing to place the company into liquidation.

That is, I think, a few weeks back.

The largest rise recorded across all of the country's major industries and sectors.

Now, this is new data from BWA Insolvency's latest quarterly report.

Chris Wilkinson is the founder of First Retail Group.

Hi, Chris.

How are you?

Good, good.

I see that Insolvency rose sharply in Q2, even as overall business failure numbers across the country remained pretty much unchanged, but retail spending flat, flat, flat.

Is that what you are experiencing?