Richard Bathgate, restructuring partner and licensed insolvency practitioner at Johnston Carmichael LLP, has been appointed interim liquidator of Centurion Plumbing Services (Scotland) Ltd. The company, which operated depots in Muir of Ord and Elgin, ceased trading on 31 March 2026 due to significant cash flow challenges. All 10 staff were made redundant by the director.…
A Scottish property company has been placed into liquidation. Liquidators were appointed to the company trading in Airdrie following a court action. Companies House documents show liquidators were appointed after FKA Property Limited, which was registered to a West Lothian address, following an action at Livingston Sheriff Court. The company address was changed from Inchwood…
Can firms withhold payments to sanctioned suppliers without facing insolvency? Mint Read the original article here
Company behind Thomson TVs & media boxes goes bankrupt FlatpanelsHD Read the original article here
BGR Energy Systems has informed stock exchanges that the National Company Law Tribunal (NCLT), Amaravati Bench, has admitted an insolvency petition against the company, initiating the Corporate Insolvency Resolution Process (CIRP). According to the company’s disclosure, the tribunal, in its order dated April 17, 2026, admitted the application filed by National Asset Reconstruction Company Limited…
Iran war to tip 15,000 more firms into insolvency, Allianz warns Insurance Business Read the original article here
Iran war to tip 15,000 more firms into insolvency, Allianz warns Insurance Business Read the original article here
Several significant judicial decisions were released in 2025 that remain relevant to businesses, commercial lenders and restructuring professionals. This bulletin summarizes the key developments of 2025 and highlights areas of significance for restructuring professionals and market participants to monitor in 2026. 1. Hudson’s Bay Company and Assignment of Contracts North America’s oldest corporation, the Hudson’s…
A company had deducted Rs 15.14 lakh from employees’ salaries for their provident fund for the period March 2012 to March 2013 and from May 2013 to July 2013, but didn’t deposit this money with the Employee Provident Fund Organisation (EFPO). Now, this company is insolvent. Seeing this gross misconduct, the Employee Provident Fund inspector…
In 2019, £15m was transferred to Kavanagh by company Rockfire Investment Finance, where he was chief executive. Kavanagh said he believed these were fees for the transactions made on behalf of the council. He admits spending £13.7m on a yacht, £9.1m on a private jet, purchasing a £3m villa in Mallorca and spending £800,000 on…