The tribunal rendered these observations while rejecting an application filed by the resolution professional (RP) of Shakti Bhog Snacks Limited under Section 54 of the IBC, seeking dissolution of the company on the ground that there are no assets, no ongoing business operations and no scope for its revival. The RP said that continuation of…
Half of Korea’s Petrochemical Firms Could Go Bankrupt Within 3 Years Without Restructuring Businesskorea Read the original article here
20 June 2025, 14:33 Noel Edmonds made his millions in TV and radio. Picture: Alamy Noel Edmonds has made a fortune over his 50-year career but not without his ups and downs – here we explore his net worth, bankruptcy and the story behind his inspiring knight statue. Noel Edmonds is returning to TV screens…
Nourisher, which produces locally-sourced yoghurts, soups, and tray meals, is facing a resolution to wind up the company. The products made by the firm, which is based in Calmore Industrial Estate, were supplied to major supermarket chains, including Aldi and Tesco. The company employs around 100 staff, many of whom live in Totton and its…
Already under federal investigation over gambling allegations, NBA free agent Malik Beasley has also faced recent lawsuits from his former agency, a landlord, a lender and a celebrity barber, according to court documents and a new report by The Detroit News. What The News described Tuesday as ‘$8 million worth of financial problems’ has reportedly…
ASIC’s annual insolvency data shows more than 11,000 companies entered external administration for the first time in 2023-24. While this is slightly higher than prior peaks seen in 2011–12 and 2012–13, it is proportionately smaller as there are now nearly 3.4 million companies in Australia compared to around two million in 2012. The current ratio…
By Catherine Marfin · July 1, 2025, 6:05 PM EDT A small Texas residential and commercial solar company has filed for Chapter 7 liquidation in federal court, citing $3.9 million in liabilities…. To view the full article, register now. Read the original article here
Heartland Bank, German firms claim millions in Nelson storage firm liquidation The Press Read the original article here
Australian logistics operator XL Express has entered voluntary administration, with advisory firm FTI Consulting appointed to manage the process and assess the future of the company. The Queensland-based business, established in 1990, has built a national footprint in road transport and distribution over more than three decades. It is best known for operating a broad…
Controversial property developer Dean Franklin’s Formcrete Construction Ltd has gone into liquidation owing $7.5 million in spite of a Jack’s Point email to residents yesterday claiming the move was just “a strategic clean up.” Creditors included in today’s first liquidators report include the IRD (owed $2.449 million in GST and…