In an unexpected twist, companies are increasingly finding themselves entangled in legal disputes with their vendors. Suppliers and vendors are turning to insolvency petitions over payment delays as a legal tool to recover dues. This comes at a time when companies like Zomato and Ola Electric have been served insolvency petitions by its vendors. According…
New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) has told debt resolution professionals to be more open about bankrupt companies’ past losses that can be carried forward, helping attract fresh investments into the company. The idea is that greater disclosures about ‘carry forward’ of past losses, which will lower future tax liability of…
Scotland witnessed a 10% increase in company insolvencies in February 2025 compared to the same month in 2024, with 103 businesses entering insolvency. This figure comprised 60 Creditors’ Voluntary Liquidations (CVLs), 38 compulsory liquidations, and five administrations. There were no Company Voluntary Arrangements (CVAs) or receivership appointments. The 12-month insolvency rate to February 2025 stood…
Insolvency-related activity increases across Sussex and South East region SussexWorld Read the original article here
Compulsory liquidations hit decade-long high as firms face rising costs MSN Read the original article here
The number of companies going into compulsory liquidation hit its highest point in more than a decade last month, according to official data. Some 393 companies were forced to wind up in February across England and Wales – the highest monthly number since September 2014, the Insolvency Service said. Compulsory liquidation is when a firm…
Insolvency-related activity increases across Sussex and South East region SussexWorld Read the original article here
Insolvency-related activity increases across Bucks and South East region Bucks Herald Read the original article here
Shares of Ola Electric Mobility Limited tumbled 7.23 per cent, or Rs 3.65, on Monday, hitting a record low of Rs 46.86 on the National Stock Exchange (NSE). With this drop, Ola Electric’s stock fell below the Rs 50 mark for the first time. The company’s shares have now fallen 37 per cent from its…
Shares of food delivery giant Zomato gained sharply during the trading session even as it may face an insolvency plea after one of its operational creditors moved the National Company Law Tribunal (NCLT). It has come to light that Nona Lifestyle Private Limited has moved the law tribunal to restore an insolvency plea that it…