A UK-based vehicle hire company has entered administration after more than 15 years in business. Reflex Fleet Solutions provides flexible rental services for commercial vehicles across the UK. The business previously operated as Reflex Vehicle Hire, with its history dating back to 2011. Reflex Fleet Solutions Limited acquired the company in October 2025 in a £16.5…
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Hospitality also continues to face elevated insolvency pressure, with its liquidation rate sitting 3.3 times that of the average New Zealand business. During the past 12 months, 422 hospitality companies entered liquidation, up from 297 a year earlier. More than 2900 hospitality businesses also ceased trading during the period, an increase of 38%. “It doesn’t…
The NCLAT (National Company Law Appellate Tribunal) has deferred the insolvency proceedings against Zee founder Subhash Chandra to October 7, following a legal challenge by Chandra’s counsel over the constitution of a 5-member NCLT bench, reported ET Now on Wednesday. The delay comes as major lenders including Union Bank, Canara Bank, and LIC Housing Finance,…
Self-help guru Robert Kiyosaki is $1.6 billion in debt: report news24.com.au Read the original article here
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As administrators seek a financial lifeline for collapsed construction firm Bathla, a specialist debt recovery firm is vying to represent scores of Sydney businesses as unsecured creditors. A week after Bathla and a suite of related companies entered voluntary administration, leaving the fate of thousands of half-built homes in the balance, Corporate Recovery Partners is…
Subhash Chandra insolvency: NCLT vs NCLAT – Powers, role, structure and key differences | Explained Livemint Read the original article here
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REVEALED: Liquidator appointments for businesses in the Somerset council area for September 2 The Courier Mail Read the original article here