Michelle Elliot Company insolvencies in Scotland rose by 22% year-on-year in May 2024, reaching 118. The latest data from the Insolvency Service showed this was comprised of 71 CVLs, 43 compulsory liquidations and 4 administrations. There were no CVAs and no receivership appointments. The total insolvency rate in Scotland in the 12 months to May…
Recently, news emerged that former Tour de France winner, Sir Bradley Wiggins had filed for bankruptcy and was at risk of being forced to sell his Olympic gold medals. Now, some more details have emerged on the situation. “It is a mess. He has lost everything, absolutely everything. His house, his other home in Mallorca,…
In May there were 118 company insolvencies registered in Scotland, 22% higher than during the same period last year. This was comprised of 71 creditors’ voluntary liquidations (CVLs), 43 compulsory liquidations and four administrations. There were no company voluntary arrangements (CVAs) and no receivership appointments recorded in the figures from Accountant in Bankruptcy, Scotland’s insolvency…
Despite recent reports about his finances and the businesses that were under his name, Bradley Wiggins says he is more comfortable in his skin than ever (Photo: Gian Mattia DAlberto-La Presse) Bradley Wiggins has said he is now happier in my skin than he has ever been, with his remarks coming after a week of…
A building company that straddled two different states and territories has collapsed, leading to a domino effect impacting 130 projects and 80 staff members. On Friday, creditors voted to place Cubitts Granny Flats and Home Extensions into liquidation. The builder worked in both NSW and the ACT and been in business for 30 years. News.com.au…
Mumbai: Fortis Healthcare, Apollo Hospitals, Medanta and Max Healthcare are among half-a-dozen companies that have shown preliminary interest in acquiring Jaypee Healthcare, the last of the Jaiprakash Group’s priced assets to be admitted into bankruptcy.On Friday, the Allahabad bench of the National Company Law Tribunal (NCLT) gave an oral order to admit Jaypee Healthcare for…
Mumbai: Fortis Healthcare, Apollo Hospitals, Medanta and Max Healthcare are among half-a-dozen companies that have shown preliminary interest in acquiring Jaypee Healthcare, the last of the Jaiprakash Group’s priced assets to be admitted into bankruptcy. On Friday, the Allahabad bench of the National Company Law Tribunal (NCLT) gave an oral order to admit Jaypee Healthcare…
Last week the National Company Law Tribunal (NCLT) granted a 60-day extension to the grounded airline Go First to complete its insolvency process. It was the fourth time it was doing so. In this issue of DH Deciphers, Abhilash Reddy, unpacks why the matter is dragging and how it got here. How long has the…
In a shocking turn of events that has left Britain’s third-most decorated Olympian “embarrassed”, Sir Bradley Wiggins, who was declared bankrupt last week, has been forced to sleep on the couches of friends and families and is basically homeless, after his lawyer revealed that he “has lost lost absolutely everything” and “doesn’t have a penny”. News…
New Delhi: The National Company Law Tribunal (NCLT) has ordered initiating an insolvency proceeding against Supertech Realtors, which is developing a residential apartment, office, retail and luxury hotel at its Supernova project. A two-member Delhi bench of NCLT admitted the insolvency plea filed by the Bank of Maharashtra over a default of Rs 168.04 crore…