Lucknow: The troubles for Ansal Group deepened as the National Company Law Appellate Tribunal (NCLAT) allowed all concerned authorities, including the Lucknow Development Authority (LDA), to become parties in the ongoing insolvency case. The move, following strong advocacy by LDA, is expected to reinforce the interests of homebuyers affected by the real estate giant’s alleged…
The Government’s latest company insolvency statistics show accommodation and food services insolvencies were down 11% from 3,829 in the 12 months to February 2024 to 3,405 in the 12 months to February 2025. Insolvencies in the sector fell 20% to 271 in February 2025 against the same month last year (339), and dropped slightly month-on-month…
To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a…
By Willy Lusige Published on: April 16, 2025 08:18 (EAT) File image of the Technical University of Kenya. The financial rot at the Technical University of Kenya (TUK) is now under the spotlight, as both past and current administrators faced tough questions over how the institution sank into billions in debt. The Parliamentary Committee on…
The family company of former Socceroo Steve Horvat has been pushed into liquidation in a development that will send shockwaves through A-League club Western United on the eve of the competition’s finals series. Nathan Deppeler and Scott Andersen from Worrells were appointed liquidators of Horvat’s family company Sava Engineering on Monday, after a meeting of…
Company insolvency statistics show accommodation and food services insolvencies were down 11% from 3,829 in the 12 months to February 2024 to 3,405 in the 12 months to February 2025. Insolvencies in the sector fell 20% to 271 in February 2025, compared to the same month last year (339). However, they remain historically higher than…
Marysville School District declared ‘financially insolvent’ by the state MSN Read the original article here
© r.classen / Shutterstock.com A month after its German parent company went bankrupt, the Belgian Gerry Weber is closing its 24 stores as well. This did not come as a surprise: just like its German counterpart, the Dutch branch had already been declared bankrupt as well. Long-term problems After several of its German companies went bankrupt…
London, July 20: James Bond actor Paul Bhattacharjee was declared bankrupt on July 9, in the days leading up to his suspected suicide. A bankruptcy order, which was made under his full name – Gautam Paul Bhattacharjee, described him as an ‘actor’ on the Insolvency Register, the Mirror reported. The petitioner is named as Hm…
Latest monthly statistics from the Insolvency Service show that in March 2025, personal insolvencies declined while business insolvencies increased in Northern Ireland. The data showed that there were 134 personal insolvencies in, which was 9% higher than in March 2024. The insolvencies consisted of/ 102 IVAs, 18 bankruptcies and 14 DROs. Business insolvency data shows that…