UK corporate insolvencies increase 13% in November

Corporate insolvencies in the UK increased by 13% in November 2024 from the previous month, according to the latest data from the Insolvency Service. The total number of corporate insolvencies stood at 1,966 compared to October’s total of 1,743 and was 12% lower than November 2023’s figure of 2,243.  Company insolvencies in November 2024 consisted of…

Flight Design files for Insolvency

German company Flight Design, manufacturer of the CTLS and F2 range of aircraft, has filed for bankruptcy in a German court. The company filed papers on 3 December, claiming a six-figure debt and outstanding disputed payments have led to a liquidity issue. The court appointed lawyer Marcello Di Stefano as provisional insolvency administrator, who believes…

‘Entitled to relief’: Vijay Mallya reacts to FM Nirmala Sitharaman’s statement on Rs 14,131 crore debt recovery | India News

Nirmala Sitharaman and Vijay Mallya. NEW DELHI: Fugitive businessman Vijay Mallya stated on Wednesday that the banks have recovered more than double the amount owed in the Kingfisher Airlines case. He contends he is due relief.Finance Minister Nirmala Sitharaman told Parliament on Tuesday that the banks had recovered Rs 14,131.60 crore from Mallya. This recovery…

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