Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
SAPF Estates Private Limited (the “Corporate Debtor”) was admitted into CIRP under Section 7 of the Insolvency and Bankruptcy Code (IBC) on 28.08.2024. Mr. Vijay P. Lulla was appointed as the Interim Resolution Professional (IRP). In compliance with statutory requirements, the IRP issued a public notice on 02.09.2024 inviting claims from creditors, receiving only a…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
The National Company Law Tribunal (NCLT) approved the resolution plan under Section 30(6) of the Insolvency and Bankruptcy Code after the National Company Law Appellate Tribunal (NCLAT) upheld its compliance with the requirements of Section 30(2), including fair asset valuation and equitable treatment of creditors. An application was filed by Mr. Jalesh Kumar Grover, Resolution…
Joanna Seawright, 54, who lives in Dumfries, and Karen Mortimer, 67, who now lives in Tenerife, were instrumental in a scheme allowing struggling firms to wind up without facing massive liabilities. Sisters Karen Mortimer (left) and Joanna Seawright have been banned as directors Two sisters have been named as “key” players in an insolvency avoidance…
The sisters helped the owners of struggling firms walk away from debts they’d built up without having to face the music. (Image: Tony Nicoletti/Daily Record) Scheme a scam affecting us all It’s right that Joanna Seawright and Karen Mortimer have been banned from acting as company directors. The sisters helped the owners of struggling firms…
By OLIVIA DAY, ASSISTANT NEWS EDITOR, AUSTRALIA Published: 10:23 AEDT, 24 October 2025 | Updated: 11:11 AEDT, 24 October 2025 An Australian family-owned food business has collapsed into administration with $3.8million in debts, leaving dozens of employees in the lurch. Spring Gully Foods, a fourth-generation food manufacturer based in South Australia, is known for its…
The UN’s trade and development flagship meeting wrapped up Thursday evening after ringing alarm bells over debt eroding development gains. The highlight: a new hub to tackle the crisis and pave the way for reform – but can it really get creditors to the table? Debt is crushing the developing world. Over 3.4 billion people…
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The board of trustees for Manchester Pride, one of Europe’s biggest LGTBQ+ events has announced that it has entered voluntary liquidation. Originally reported by the Manchester Mill, the Manchester Pride organisers were hoping to secure funding from a successful bid to host Europride in 2028, but lost out to Limerick and Clare. The BBC also…