Leeds-based Torsion Construction has filed a notice of intention to appoint administrators after suffering liquidity pressures and project-related commercial problems. The filing, issued on 20 July, gives the contractor temporary legal protection from creditor action while its directors consider funding and restructuring options. Torsion Group said difficult construction market conditions, delayed capital events, regulatory changes…
The eThekwini Municipality’s Energy Management 80/20 credit control debt relief programme implementation was suspended due to a shortage of electricity meters. According to the municipality’s Audit Risk Committee (ARC), this was one of the significant matters of concern requiring urgent resolution. Professor Imtiaz Vally, chairperson of ARC, presented the report for the third quarter that…
When Kaz Nejatian took over as CEO of Opendoor in early 2026, the company was months from bankruptcy. The former Shopify executive didn’t do change management; he changed every default violently. In the first week, he ended remote work, fired two PR firms by accident, killed two profitable but non‑core business lines, and told the…
A UK haulage and freight business open for just half a decade has become the latest firm to fall into liquidation. T.M.S Service Provider Limited appointed liquidators on July 13, with a notice published in the London Gazette early on July 21. A Resolution for Winding-Up order has revealed that the business would be “wound…
The Supreme Court today agreed to hear Videocon founder Venugopal Dhoot’s plea against an NCLAT order upholding separate insolvency proceedings for two group entities – Videocon Industries Ltd. and Videocon Oil Ventures Ltd. A bench of Justice P S Narasimha and Justice Alok Aradhe issued notice on the plea of Dhoot and posted the matter…
Edge of Memories developer Midgar Studio is being liquidated GameDev.net Read the original article here
Prime Minister Andy Burnham promises help with your money. How could it affect you? BBC Read the original article here
The Ministry of Corporate Affairs (MCA) has invited comments from stakeholders on a proposed Integrated Platform for Insolvency Ecosystem (iPIE), a unified digital platform aimed at bringing together the multiple institutions, stakeholders and technology systems operating under the Insolvency and Bankruptcy Code (IBC). The ministry on Monday sought suggestions from insolvency professionals, creditors, industry bodies,…
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 Supreme Court agreed to hear Videocon founder Venugopal Dhoot’s plea challenging an NCLAT order that upheld separate insolvency proceedings for Videocon Industries and Videocon Oil Ventures. The court issued notice and scheduled the matter for further hearing on August 10 Published Date – 21 July 2026, 02:16 PM New Delhi: The…