On 22 April 2025 Sridhar Venkiteswaran, a judgment creditor, made written demand on the company for payment of its debt to him. That prompted the company to go into administration under Sch B1 para 22 Insolvency Act 1986 on 28
More about Kession Capital LtdHe rejected the bankrupts’ case that their daughters, Bishnupriya and Nayantara, were the beneficial owners of three flats forming part of the property, holding that the evidence overwhelmingly supported the trustees’ case. The bankrupts’ daughters were not parties to the
More about Bhattacharya v ArmstrongIn March 2024 the Secretary of State for Business and Trade brought disqualification proceedings under s 6 against Alexander David Greensill in connection with the insolvencies of Greensill Capital UK Limited and its subsidiary, Greensill Limited. Both companies were part
More about Secretary of State for Business and Trade v GreensillThe claimant in charterparty proceedings was a German individual, but acting as insolvency officeholder of four insolvent German companies. The defendants applied for security for costs. The court applied English law to save the costs of adducing expert evidence on
More about Undritz v D’Amico Tankers DACMrs McFadzean was made bankrupt on 25 July 2018. On 6 September 2018 Ricardo Cacho was appointed as her trustee in bankruptcy; on 9 November 2018 Matthew Waghorn was appointed as an additional joint trustee on Mrs McFadzean’s application. The
More about McFadzean v MartinezAnswering that question involved consideration of a number of issues, including whether either ss 8 or 9 Limitation Act 1980 applied so as to bar a petition, and whether s 36 Limitation Act disapplied those sections. The Supreme Court’s judgment
More about THG Plc v Zedra Trust Company (Jersey) LtdWhat is Cryptocurrency? Cryptocurrency is a digital asset recorded on decentralised networks built on blockchain technology. It enables users to send and receive funds directly without relying on a bank or traditional financial intermediary. Examples include Bitcoin and Ethereum, as
More about Crypto fraud factsheet1. A new UK Crypto regulatory regime The UK is introducing a formal regulatory regime for crypto assets under the Financial Services and Markets Act 2000 (FSMA). A draft Crypto Assets Order has been published, and the new framework is
More about UK Crypto legal update: developments to watch in 2026Following the service of a statutory demand on Versilia Solutions Ltd for invoice debts amounting to some $1.5m which was only satisfied in part, Aerovias del Continente Americano SA presented a winding up petition. A number of matters led to
More about Aerovias del Continente Americano SA Avianca & Ors v Versilia Solutions LtdHMRC, presented a winding up petition in respect of £1,104,015 for unpaid tax. HMRC relied on service at the default address given on the Companies House website. The company applied to restrain advertisement of the petition and to strike it
More about DG Resources Ltd v Commissioner for His Majesty