Indirect 'financial effect' of COVID-19 could be sufficient to defeat a winding-up petition

Following the UK Government extending the restrictions on winding up petitions until 30 June 2021 it is useful to note two recent cases that have considered the coronavirus test that currently applies to winding up petitions.

A Primer on the Increase in Threshold for Invoking the Insolvency and Bankruptcy Code

The object of this article is to analyze the implication of the increase in threshold for invoking The Insolvency and Bankruptcy Code (IBC). It further looks into some of the burning legal questions that have emerged in the aftermath of the increase and how Tribunals and Courts across the country have decided upon them.