By Chart Riggall · March 18, 2025, 5:34 PM EDT The bankruptcy trustee of failed fuel distributor Mountain Express Oil Co. has filed a second lawsuit over its alleged financial mismanagement, accusing its former top executives of using a host of… To view the full article, register now. Read the original article here
ACT leads business insolvencies in surprise figures The Canberra Times Read the original article here
[Editor’s Note: This article will continue to be updated as the CCAA creditor protection proceedings for Hudson’s Bay progresses. Last update: March 18, 2025.] Canada’s oldest retailer and one of its most-storied companies, the Hudson’s Bay Company, is insolvent. It’s a stunning turn of events for a company that is so deeply ingrained in Canada’a…
New Delhi: JSW, Dalmia Bharat, Jindal Power, Vedanta, GMR, Welspun and Torrent are among the top business groups that have submitted expressions of interest (EoIs) for Jaiprakash Associates Ltd (JAL), which will go under the hammer in a court-monitored insolvency proceeding, according to people aware of the matter. The Adani Group is also expected to…
Ola electric subsidiary faces insolvency plea over payment default MSN Read the original article here
Insolvency-related activity increases across Portsmouth and South East region Portsmouth News Read the original article here
The latest company insolvency statistics, published today (18 March), show accommodation and food services insolvencies also rose 3% when compared to the same month last year (January 2024: 265 insolvencies). However, in the 12 months to January 2025 insolvencies fell 7%, from 3,747 to 3,474. Commenting on the figures, Saxon Moseley, partner and head of…
The latest company insolvency statistics, published today (18 March), show accommodation and food services insolvencies also rose 3% when compared to the same month last year (January 2024: 265 insolvencies). However, in the 12 months to January 2025 insolvencies fell 7%, from 3,747 to 3,474. Commenting on the figures, Saxon Moseley, partner and head of…
Today’s company insolvency statistics show accommodation and food services insolvencies fell 7% from 3,747 in the 12 months to January 2024 to 3,474 in the 12 months to January 2025. However, insolvencies in the sector increased 21% month-on-month, from 225 in December 2024 to 273 in January 2025, and were up 3% when compared to…
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…