Key takeaways 456 Belgian transport companies went bankrupt in the first half of 2026 — a new record. In the second quarter of 2026 alone, 105 road freight bankruptcies were recorded. 58% of the companies that failed had been operating for more than five years. The higher per-kilometre charge introduced on 1 July is expected…
Today, the Bengaluru Bench of the National Company Law Tribunal (NCLT) issued notice in an insolvency petition against Ola Electric Technologies Private Limited after an operational creditor alleged that the company defaulted on payment of Rs. 9.57 crore. A Bench comprising Judicial Member Sunil Kumar Aggarwal and Technical Member Banwari Lal Meena held: “Subject to…
uThukela District Municipality has announced a financial relief initiative aimed at assisting domestic consumers with outstanding water accounts. The district municipality has approved a 50% incentive discount on outstanding household water debt that is 60 days or older. The incentive came into effect on June 23 and will be available until November 30, giving qualifying…
Insolvency Service data indicates that construction accounts for the largest number of companies entering formal insolvency process, by sector. This data is based on self-designated SIC codes used at Companies House, and does not take account of the size of the companies concerned: the construction sector involves a significant number of SMEs including ‘one-man-band’ contractors.…
The original discrepancies in Bitcoin and Litecoin balances were identified in early 2021. The founder of iCE3X, one of South Africa’s oldest crypto-currency exchanges, has challenged claims by the company’s liquidators that more than R30 million in crypto assets remain unaccounted for. Gareth Grobler, the former sole director and shareholder of iCE3X, says he has…
Liquidator Says H-Pay Assets Not Sufficient to Settle Liabilities, Urges Court to Take Over Process Kiripost Read the original article here
As the wind-up of companies in the former Hawkins construction group draws to a close, liquidators’ reports have revealed the amounts paid by directors John and David McConnell to settle claims they breached their duties. The complex process featured separate liquidations for the former operating company and other parts of the group, renamed H Construction…
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Liquidator Says H-Pay Assets Not Sufficient to Settle Liabilities, Urges Court to Take Over Process Kiripost Read the original article here
More than half of the 3,280 company directors banned in Great Britain since 2023 were caught abusing Covid-19 financial support, new figures reveal, proof that the pandemic’s emergency lending schemes are still claiming casualties five years on. Data released by the Insolvency Service, obtained through Freedom of Information requests by law firm Weightmans, shows that…