Leading Tasmanian hospitality group Pub Banc Group and Hotel Banc Group (Pub Banc), which operates seven venues across Hobart, has entered voluntary administration, with Adam Johnston of Apex Advisory appointed to manage the process. Pub Banc’s venues include Cargo Bar, Jack Greene, Post Street Social, Observatory Bar, Republic Bar, Franklin Wharf Restaurant & Bar and…
The Supreme Court on Wednesday (July 8) refused to interfere with the National Company Law Appellate Tribunal (NCLAT) order rejecting an ₹85-crore insolvency petition against Essar Power Gujarat Ltd. on the ground that a pre-existing dispute exists between the parties. A partial court working days bench of Justice Nongmeikapam Kotiswar Singh and Justice K. Vinod…
Half a million Russians declared bankruptcy last year as the country’s banking institutions bear the brunt of the cost of the war in Ukraine, a European intelligence report says this week. As the war in Ukraine continues into its fifth year, Russia’s Ministry of Economic Development has cut its GDP forecast for 2026 from 1.3…
Iconic British Gymnastics kit firm collapses into liquidation after it stops being ‘commercially viable’ The Sun Read the original article here
Iconic British Gymnastics kit firm collapses into liquidation after it stops being ‘commercially viable’ The Sun Read the original article here
A. Joseb Raj v. P.R. Raman and Anr., Company Appeal (AT) (CH) (Ins) No. 457/2025, NCLAT Chennai Bench. In a recent pronouncement, the Chennai Bench of the National Company Law Appellate Tribunal, comprising Justice Sharad Kumar Sharma (Judicial Member) and Mr. Jatindranath Swain (Technical Member), dismissed a company appeal challenging the liquidation-stage e-auction of the assets of…
Ola Electric has rejected the insolvency petitions filed against its manufacturing arm, Ola Electric Technologies Pvt. Ltd., calling them a retaliatory legal tactic. The company dismissed the insolvency claims as a retaliatory legal tactic, asserting that the disputed amount of ₹40.6 crore is already the subject of pre-existing arbitration proceedings with Anevolve Mando E-Mobility and…
Fresh Insolvency Petitions Add To Ola Electric’s Legal Woes BW Businessworld Read the original article here
Former Major League Baseball outfielder Yasiel Puig is in increasing legal and financial distress after filing for Chapter 11 bankruptcy in early July just weeks before he is set to be sentenced in a federal case for illegal sports betting. Former MLB Star Yasiel Puig Files Bankruptcy Amid Court Battle Court documents indicate the filing…
A new Insolvency Service taskforce will target ‘abusive phoenixism’ by company directors. The Insolvency Service will use AI to root out rogue directors who deliberately fold their companies to dodge tax and walk away from their debts. Phoenixism accounted for 22 per cent of the £3.8 billion in total tax losses in 2022-23, according to…