28 U.S.C. § 157(b)(5) provides: “personal injury tort and wrongful death claims shall be tried in the district court in which the bankruptcy case is pending, or in the district court in the district in which the claim arose”
In other words, “personal injury tort” and “wrongful death” claims cannot be tried by a bankruptcy court.
Bankruptcy activity across the United States increased noticeably in 2025, marking one of the sharpest rises in more than a decade and reflecting mounting financial pressure on businesses and individuals alike. While the total number of annual bankruptcy filings remains lower than pre-pandemic levels, overall filings grew at a steady pace compared to the prior year. In fact, 2025 was among the most active periods for business filings since the aftermath of the Great Recession with tens of thousands of business filers seeking protection under Chapter 7 or Chapter 11.
CASE BRIEF
Case Name: Sri Lakshmi Hotel Pvt. Limited & Anr vs Sriram City Union Finance Ltd & Anr.
Case No.: Civil Appeal No. 13785 of 2025
Citation: 2025 INSC 1327
Court: Hon’ble Supreme Court of India.
Coram: Hon’ble Mr. Justice J.B. Pardiwala and Hon’ble Mr. Justice, K.V. Viswanathan
Date: 18 November 2025
1. FACTUAL MATRIX
Last year saw several important decisions relating to restructuring plans, including Petrofac (see our Law-Now: Saipem judgment: fair benefit sharing for all creditors) and Waldorf (see our Law-Now: Waldorf Plan Rejected: Court stresses fairness and good faith).
In the recent case of Mitchell and another (Joint Liquidators of MBI International & Partners Inc (In Liquidation)) v Sheikh Mohamed Bin Issa Al Jaber [2025] UKSC 43, the UK Supreme Court clarified the scope of fiduciary duties owed by directors and controllers of companies following the commencement of liquidation. The Court determined that a director whose statutory powers have ceased may still owe fiduciary duties if he purports to exercise authority over the company’s assets and intermeddles with them dishonestly.
Une question pratique récurrente dans les procédures d’insolvabilité concerne la manière dont le créancier peut prouver qu’une facture a bien été communiquée au débiteur. Dans une décision récente, le tribunal hongrois a examiné si des captures d’écran tirées d’un système de facturation électronique suffisent à prouver la remise et la prise de connaissance d’une facture, en l’absence de preuve postale traditionnelle. Dans notre article, nous analysons cette décision.
1. Faits de l’affaire
Key Points
The U.S. Supreme Court does not like the Bankruptcy Code. It never has. Two examples are:
Welcome to Distressed Debt Legal Insights, Ropes & Gray’s source of timely insights for professionals navigating the complex world of liability management and special situations finance. In this issue we discuss the first major decision of 2026: STG Logistics. The January 3 opinion primarily denies the motions to dismiss brought by defendants seeking to validate their October 2024 drop down plus double dip transaction.
Transaction Details and Procedural History
Background
Insolvency and Bankruptcy Board of India (IBBI) on 22nd December 2025, amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations (CIRP Regulations) to introduce sub-regulation 3A to existing regulation 38 (Amendment).