Lindsey oil refinery owner Prax falls into administration as ministers urged to intervene One of the UK’s largest oil refineries – and the only big one owned by a British company – has collapsed into administration, prompting urgent calls for government intervention to protect fuel supplies and jobs. State Oil, owner of the Prax Lindsey…
IBBI notifies amendments to streamline corporate insolvency process Press Trust of India Read the original article here
Medtecs Nears Completion of Resilient Medical Liquidation TipRanks Read the original article here
Planet Ark Environmental Foundation, one of Australia’s largest environmental non-for-profits, has entered voluntary administration following a board review of the organisation’s “financial position and future viability”. What is voluntary administration? Have you also been pretending you know what voluntary administration actually means? Don’t worry. We asked an expert to explain in simple terms. The organisation’s…
Creditors owed more than $361 million are set to vote on the future of failed Australian retail giant Mosaic Brands, as Bangladeshi garment suppliers flag mass lay-offs as the result of millions in unpaid orders. Bangladeshi factory owner Jabed Ahmed faces debt of around $2.5 million after Mosaic, which owns Noni B, Millers and Rockmans…
Queensland’s Liberal National government has slashed debt as it prepares for the 2032 Brisbane Games, despite spending big on crime and health. Part of the cost savings will come from capping non-frontline senior public service numbers at 832 until 2029, saving about $18 million. Overall, debt expectations have been cut by $27 billion in the…
It can take work to find the best debt relief company for your needs, but doing so could also pay off. Getty Images/iStockphoto As of mid-2025, Americans are carrying record levels of consumer debt — and if the rising debt levels weren’t concerning enough, they’re carrying this debt at a time when interest rates remain…
The company had left the government with very little time to act, he added. “The government will ensure supplies are maintained, protect our energy security, and do everything we can to support workers and the local community, including engaging with trade unions and industry bodies,” Shanks said. “The government believes that the business’s leadership have…
The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved the Resolution Plans for two projects of Housing Development and Infrastructure Limited (HDIL) — Vertical V – Project BKC (Slum Rehabilitation Project) and Vertical IX: Shahad Maharal Lands (Land parcel at Kalyan Shahad). In both the cases Adani Properties emerged as the successful…
A former Premier League and England youth team star has been declared bankrupt and could be forced to sell his £2 million mansion. Lee Clark, who made well over 200 appearances during his time at Newcastle United and also enjoyed spells at Sunderland and Fulham during a career that saw him win three second division…