NCLAT dismisses insolvency plea against PepsiCo India – Moneycontrol
NCLAT dismisses insolvency plea against PepsiCo India Moneycontrol Read the original article here
Company behind London art galleries which claimed to sell works by Banksy and Andy Warhol is shut down
Artwork Holdings Ltd, formerly Yield Gallery Limited, described itself as “contemporary art specialists offering the purchase and investment of artwork to the public” Insolvency Service investigations into the company found conflicting accounts as to whether it was trading, inaccurate accounts, and a suspected under-payment of VAT and corporation tax The company has been shut down…
Yorkshire and Humber sees drop in insolvencies and start-ups – Rotherham Advertiser
Yorkshire and Humber sees drop in insolvencies and start-ups Rotherham Advertiser Read the original article here
Tikona Infinet settles CCD dues with L&T Finance, moves to exit insolvency process
Mumbai-based Tikona Infinet Pvt Ltd moves to settle its dues related to Series ‘E’ Compulsorily Convertible Debentures (CCDs) with L&T Finance Ltd, bringing closure to the insolvency resolution process against the broadband services provider.The process for formal withdrawal of the insolvency petition from the NCLT is currently underway, said the company in its release. “It…
Punish bankrupt company owners who don’t cooperate in debt resolution, set up advance ruling to cut down delay: ICAI
Also Read | Court orders reset bankruptcy rules. Now, the govt is amending the law A system of advance ruling on bankruptcy-related laws similar to that existing for income tax would also help, it said in recommendations to the government after studying the working of Insolvency and Bankruptcy Code (IBC). It said a dedicated IBC…
Celebrity investment podcaster has assets frozen by High Court
A twice-bankrupt businessman whose podcast has featured celebrities and sports personalities has had a multi-million pound worldwide asset freezing order imposed by the High Court. Matt Haycox, a self-styled investor, mentor and philanthropist, is facing a fraud claim by a Manchester-based investor and former Conservative Party donor related to two vehicles of an insolvent peer-to-peer…
Tikona Infinet settles CCD dues with L&T Finance, moves to exit insolvency process
Mumbai-based Tikona Infinet Pvt Ltd moves to settle its dues related to Series ‘E’ Compulsorily Convertible Debentures (CCDs) with L&T Finance Ltd, bringing closure to the insolvency resolution process against the broadband services provider.The process for formal withdrawal of the insolvency petition from the NCLT is currently underway, said the company in its release. “It…
In April, 9 percent fewer bankruptcies than a year earlier
As of March 2025, the focus of the news release on bankruptcies is on the changes compared to a year earlier and on the bankruptcy rate. This is the number of declared bankruptcies per 100 thousand businesses. The bankruptcy rate provides a clearer picture of the change in the number of bankruptcies in the Netherlands.…
5 Chain Restaurants You Grew Up With That Went Bankrupt In The Past Year
PeopleImages.com – Yuri A/Shutterstock Chain restaurants come and go, some of which are fondly remembered while others are doomed to fade into obscurity. With rising costs of food and rent, corporate restructuring, and more, there are an unfortunate number of chain restaurants that you… Read the original…
Renewable energy company which failed to deliver customer orders is shut down
Renugen Limited sold renewable energy products including solar panels and wind turbines An Insolvency Service investigation found orders had not been delivered and some customers had yet to receive refunds The company was subject to a winding up order at the High Court in London on 8 May 2025 A renewable energy company, based in…