While the collapse of Spirit Airlines is the most high-profile case, multiple small- and mid-size airlines have had to file for bankruptcy and in some cases shut down operations entirely since the start of the year. Earlier this week, Mexican low-cost carrier Magnicharters filed for bankruptcy protection in the First District Court for Bankruptcy Proceedings…
Recruiter made bankrupt after failing to pay council tax is sentenced for Covid fraud Credit Connect Read the original article here
Founder of private school declared bankrupt amid firm’s £1.4m debts Wilts and Gloucestershire Standard Read the original article here
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has reaffirmed that withdrawal of insolvency proceedings under Section 12A of the Insolvency and Bankruptcy Code, 2016, is impermissible once liquidation has commenced, thereby upholding the Bank of Baroda‑initiated process The appeal arose from the NCLT’s common order dated 21 February 2024, which allowed the…
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MHHL incorporates Dhananya Capital to acquire Winsome Yarns scanx.trade Read the original article here
He was a billionaire, then a bankrupt and now Nathan Tinkler is back again with a deal to become executive chairman of ASX-listed mining aspirant White Energy. Tinkler was announced on Friday as the next executive chairman of White, based on expectations the micro-cap company would successfully raise $15 million to buy a private company…
Our Bureau Ahmedabad India’s largest private ports operator, Adani Ports and Special Economic Zone (APSEZ), announced on Thursday that it will acquire 100% stake in Jaypee Fertilizers & Industries Ltd (JFIL) from Jaiprakash Associates Limited for ₹1,500 crore. The deal is part of the National Company Law Tribunal (NCLT)-approved insolvency resolution plan for Jaiprakash Associates.…
A Lancaster construction director who had spent autumn watching his company’s cash flow tighten, his HMRC arrears climb, and his accountant’s advice grow increasingly bleak, hadn’t slept in months. By December, James had accepted the reality many UK directors facing insolvency eventually confront behind closed doors: after eleven years of building the business, it could…
The family-run AA Carpets and Furnishings confirmed in April that it would be entering insolvency, writing on social media: “We recognise this will impact our customers, partners, and employees, and we sincerely apologise for any disruption caused.” Documents show that the firm has formally entered a Creditors’ Voluntary Liquidation, with Armstrong Watson appointed on May…