Rise in company insolvencies: what can you do if your business is … – The Cumberland & Westmorland Herald

Bankruptcy

Elaine Wilcox There were 2,163 registered company insolvencies in June 2023, according to the latest figures from the Insolvency Service. While this was fewer than the 2,552 recorded in May, it shows a 27 per cent rise year on year, with 1,688 registered in June 2022. Figures from June 2023 included 260 compulsory liquidations 77…

India's SpiceJet hit with another insolvency petition – ch-aviation

Liquidation

Another lessor has commenced insolvency proceedings against SpiceJet (SG, Delhi International), with Celestial Aviation Services Limited (UK) lodging a petition at India’s National Company Law Tribunal (NCLT) to try to push the beleaguered carrier into the corporate insolvency resolution process (CIRP). NCLT records indicate Celestial filed its insolvency petition on June 3, 2023. The case,…