Bankruptcy court dismisses revival plan for Ujaas Energy – Economic Times

The bankruptcy court in Indore has rejected the revival plan for listed energy company Ujaas Energy, with the observation that the Committee of Creditors (CoC) cannot extinguish the right of the secured creditor to proceed against the company’s personal guarantor. The ruling will set a precedent for lenders in other cases where dissenting secured creditors…

Failed Canterbury house builder forecast to cost creditors more than … – New Zealand Herald

The residential construction sector is under pressure. Photo / file Creditors of an insolvent Canterbury house-building and renovation business have been projected to lose more than $1 million after the company went under. ACC, a council, telco, an energy provider, a roofing business, building material suppliers, plumbing businesses, scaffolders and Inland Revenue want money from…

Burton cabinet maker ‘buried her head in the sand’ over bankruptcy … – Derbyshire Live

A failed businesswoman “buried her head in the sand” after going bankrupt and failed to reply to repeated requests for evidence of her assets by the insolvency service. A judge told mother-of-three Karen Achilleos she “closed her eyes” to letter after letter from the authorities after her bespoke cabinet-making business went bust. Derby Crown Court…

Barclays joins forces with insolvency specialist to chase Covid loan … – Financial Times

Receive free Barclays PLC updates Well send you a myFT Daily Digest email rounding up the latest Barclays PLC news every morning. Barclays is joining forces with an insolvency specialist to try to recover millions of pounds of misappropriated loans advanced under the UK governments Covid-19 bounceback scheme. The bank is among the lenders that…