Company insolvencies in England and Wales higher in past year than during financial crisis; gold hits record highs – as it happened | Business

More companies went bust in past year than during financial crisis More companies in England and Wales went bust in the last year than at the height of the financial crisis, the latest insolvency figures show. There were 25,551 insolvencies in the 12 months from August 2023 to July 2024, new data from the Insolvency…

Insolvency: 5 Noida projects face insolvency, Rera asks allottees to file claims with IRP | Ghaziabad News

Ghaziabad: Homebuyers of five residential projects in Noida, which are undergoing corporate insolvency resolution process, can now file their claims with the interim resolution professional, UP Rera chairman Sanjay Bhoosreddy said. Earlier this year, the National Company Law Tribunal (NCLT) gave its nod to initiate insolvency proceedings against five developers, including Supertech Realtors Pvt Ltd’s…

Australian Plant Proteins enters administration

Australia’s first plant-protein isolate manufacturer, Australian Plant Proteins (APP), has entered voluntary administration, with industry leaders expressing frustration at the lack of government support, a reliance on imports, and drop in R&D investment in a sector with “enormous opportunity” for Australia. Australian Plant Proteins co-founders Brendan McKeegan and Phil McFarlane. (Source: Australian Plant Proteins) APP…

Liquidator for Clive Palmer’s former company Queensland Nickel says creditors paid in full

After eight years of financial heartbreak and court battles, the liquidator of Clive Palmer’s former Queensland Nickel refinery says it has paid the company’s creditors in full.  The Yabulu Nickel Refinery, owned by Queensland Nickel Industries, was the Townsville region’s largest private employer when it collapsed in 2016, owing hundreds of millions of dollars.  More…