Janet Paraskeva and Ben Stimson wrote the letter to clarify the society’s position after “a lot of speculation about the proposed merger” surfaced online. The statement reads: “Southern Co-op has made losses for the past three years. Over the last year, trading has become more difficult, and we have relied on ongoing support from our banks…
16 people declared bankrupt every day | New Straits Times … Read the original article here
Another European hyperloop start-up goes bankrupt rollingstockworld.com Read the original article here
Youth bankruptcies a wake-up call, says MCA Youth Focus Malaysia Read the original article here
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.…
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…
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…
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…
“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…
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…