The restructuring plan (RP) is the most powerful restructuring tool available in the UK. It was introduced in 2020 against the backdrop of the economic difficulties caused by the COVID-19 pandemic. Since its introduction, over 50 RPs have been successfully sanctioned for companies ranging in size and in many different industries. The RP was created…
NCLT Dismisses NARCL Insolvency Plea Against McLeod Russel After Debt Restructuring scanx.trade Read the original article here
Global Vision International (GVI), based in Exeter, offered charitable travel programmes across the globe for 28 years, providing placements in conservation, education, and community development in countries such as Costa Rica and Fiji. The company announced its closure at the start of July, leaving customers unable to travel. Many of those affected are gap year…
McLeod Russel India Ltd has received relief after the National Company Law Tribunal (NCLT), Kolkata Bench, allowed the withdrawal of an insolvency petition filed against the company, following a debt restructuring arrangement with the National Asset Reconstruction Company Ltd (NARCL). In a regulatory filing on Wednesday, the Company said NARCL, acting through its attorney India…
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
The compulsory liquidation relates to the 6 Bells Pub Group Limited, listed at comes Moncrieffe Road. A petition was presented to Airdrie Sheriff Court by the Advocate General for Scotland on behalf of the Commissioners for His Majesty’s Revenue and Customs seeking that the company “be wound up by the court and to appoint a liquidator”. The…
The average American has $6,595 in credit card debt, according to May 2026 data from Capital One. Carrying that debt can cost a consumer more than $1,500 in interest over a two-year payoff period, based on the Federal Reserve’s estimated average credit card rate. Those extra monthly interest payments can be make-or-break for the 40…
The UK government has opened a consultation on the Insolvency Rules, seeking views on whether the current framework remains clear, proportionate and fit for modern practice. For David Menzies, director of practice at ICAS, the consultation raises important questions about procedure, creditor engagement, remuneration, digital processes and the scope of future reform. The consultation forms…
Independent agency Espresso Communications has entered voluntary liquidation after two decades in business, with creditors owed more than $450,000. The technology-focused PR agency entered liquidation on 9 July, seven months after Mumbrella revealed founder Corrie McLeod was scaling back the business and had ceased working with one of its major clients, IT company NetApp. An…
Scottish gin producer Secret Garden Distillery has gone into voluntary liquidation and is no longer trading. Kate Armstrong and her daughters took on the Secret Garden Distillery business in 2022 Gareth David Wilcox and Mark Harper of Opus Restructuring have been appointed joint liquidators of the company. The company was placed into liquidation on 1…