Youth bankruptcies a wake-up call, says MCA Youth – Focus Malaysia
Youth bankruptcies a wake-up call, says MCA Youth Focus Malaysia Read the original article here
British supermarket chain on brink of collapse as 300 stores at risk of closure
A major British supermarket chain has warned it could collapse, putting hundreds of stores and thousands of jobs at risk. The business is now scrambling to secure a merger deal as it faces the threat of going bust. Southern Co-op has warned members it faces collapse into administration following three consecutive years of financial losses.…
IBC Appeal Against AG Pipes Rejected: NCLAT Finds Proprietorship Debts Separate, Company Liability Below ₹1 Crore [Read Order]
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) has upheld the NCLT’s decision dismissing the insolvency plea against A.G. Pipes Pvt. Ltd., holding that the claimed operational debt did not meet the ₹1 crore threshold under the Insolvencyand Bankruptcy Code (IBC). The appellant, Bhushan Power & Steel Limited, had approached the tribunal…
Insolvency Service announces partnership to crack down on rogue directors
The Insolvency Service has announced a partnership with Crimestoppers in an attempt to crack down on rogue directors. The partnership aims to boost tip-offs about banned directors still operating in the shadows The Insolvency Service disqualifies more than 1,000 directors every year for misconduct, including failing to pay tax and using company funds for personal…
UK giant TV manufacturer collapses into administration | UK | News
A British TV manufacturer has filed for administration after 16 years in business. The LED Studio Ltd appointed insolvency firm Opus Restructuring LLP to act on behalf of the business on April 20, as filed on the public record The Gazette today. Operating from Hampshire International Business Park in Basingstoke, the UK-owned manufacturer created extra-large…
IBC Is Not a Recovery Tool: Supreme Court Halts Insolvency Proceedings Against Solvent Company, Directs Decree-Holder to Pursue Execution
“Initiation of CIRP is nothing more than the use of the IBC as a recovery mechanism. We will term it as an abuse of the process,” On April 23, 2026, the Supreme Court of India delivered a significant ruling, setting aside the NCLAT’s order directing admission of a Section 7 petition under the Insolvency and…
Paul Stephens the criminal Cornwall ‘luxury’ developer is now personally bankrupt
A local developer of ‘luxury’ homes who is already in trouble with the courts, HMRC, the banks and a plethora of creditors has now been declared bankrupt. Paul Stephens who runs the Truro-based developers Stephens & Stephens Group Ltd with his wife Helen, which recently went into liquidation, has been declared insolvent personally following a…
4,704 Malaysians Aged 34 And Below Declared Bankrupt In Last 5 Years
Cover image via New Straits Times & NSTP Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news. New data shows that 4,704 Malaysians aged 34 and below fell into bankruptcy over the last five years Economy Minister Akmal Nasrullah Mohd Nasir said this figure represents 15% of the 31,517 total cases recorded since 2021.…
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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…