India’s Insolvency & Bankruptcy Code (IBC) is showing stronger results, with two cases now getting resolved for every one that goes into liquidation — a complete reversal of the situation in 2017-18, when five companies went into liquidation for each one resolved, the latest data showed. This change has been driven partly by a decline…
In April 2025, the number of registered company insolvencies in England and Wales was 2,053, 3% higher than in March 2025 (1,996) but 5% lower than April 2024 (2,163) with the construction industry experiencing the highest number of insolvencies in the 12 months to March 2025 at 4,111, making up 17% of all industry cases. James…
AI startup Builder.ai enters insolvency proceedings Investing.com Australia Read the original article here
Workers at Microsoft-backed UK unicorn Builder.ai, which has fallen into insolvency, said today they are “still in shock” at the turn of events. Shalini J, a senior software engineer at Builder.ai, said she was “still in shock”. The software engineer was one of many Builder.ai workers who took to LinkedIn, posting about the “unexpected news”. She said:…
Disclaimer We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or…
Read the memo Builder.ai CEO sent investors blaming lenders for company’s collapse Sifted Read the original article here
More West Australians doing it tough will have access to free financial support, after the Cook Government committed $3 million to financial counselling services in the 2025 to 2026 State Budget. The new funding will help 17 community organisations continue providing advice and assistance to people in financial distress. It follows a $1.4 million increase…
Another 2003 Rugby World Cup winner has been declared bankrupt following financial struggles Ruck.co.uk Read the original article here
The National Company Law Tribunal (NCLT), New Delhi Bench (Court-VI), has admitted an insolvency petition against M/s Pashupati Dairies Private Limited, initiating the Corporate Insolvency Resolution Process (CIRP) on May 19, 2025. The petition, filed by Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeks to recover a default amount…
Michael Clayton shudders when he recalls the night he came within a whisker of losing his best friend. It was two days before Christmas and his eight-year-old cat Frankie was in a bad way. He had been attacked by another cat and needed his eye urgently removed or he would have to be euthanised. The…