Sheffield United’s owners are focused on the new season despite the club’s former owners suggesting they face a “real prospect” of administration ahead of an insolvency court hearing on Wednesday. Sky Sports News reported last month that the club’s previous owners, United World, had issued a winding-up petition against the current owners. United World, which sold Sheffield…
Leeds freight business shut down after Insolvency Service investigation reveals unpaid international debts Insider Media Ltd Read the original article here
Nyka Steel is already undergoing a Corporate Insolvency Resolution Process (CIRP) before the NCLT. The National Company Law Appellate Tribunal (NCLAT) has upheld an order passed by the NCLT, directing insolvency proceedings against a personal guarantor of Mumbai-based Nyka Steel. A two-member bench of the appellate tribunal upheld a February 3, 2026 order of the…
Underlying Contract’s Subsistence Cannot Revive Time-Barred Debt Under IBC: Supreme Court Case Title : Srinivasa Reddy Velagala v. Sravanthi Infratech Pvt Ltd Case Number : Civil Appeal No. 876 of 2021 CITATION : 2026 LLBiz SC 272 The Supreme Court on Wednesday held that the mere subsistence of an underlying contract cannot give a creditor…
REVEALED: Liquidator appointments for businesses in the Redland council area for August 17 The Courier Mail Read the original article here
New Delhi: The National Company Law Appellate Tribunal (NCLAT) has upheld an order passed by the NCLT, directing insolvency proceedings against a personal guarantor of Mumbai-based Nyka Steel. A two-member bench of the appellate tribunal upheld a February 3, 2026 order of the National Company Law Tribunal (NCLT), Mumbai, which had admitted UCO Bank‘s plea…
The Federal Court has ruled against the shadow director of a collapsed formwork company, while finding the business attempted to leave behind millions of dollars in tax debts through a phoenixing scheme. Those findings open the door for liquidators to claw back more than $9 million that allegedly passed through the business in “uncommercial” transactions.…
Prosecutors sell remaining crypto from bankrupt trading site Knaken for €2.2 million | NL Times Skip to main content Read the original article here
Manolete Partners PLC (AIM: MANO), the UK’s foremost insolvency claims financing firm, has confirmed the receipt of a £3.425 million settlement in July 2026 following the successful resolution of a significant insolvency case. This settlement was achieved after High Court proceedings initiated by Manolete, which had acquired and financed a complex insolvency claim. The company’s…
Diamond Luxury, incorporated in 2020, operates a builder business from 1534 Dundas Street West in Mississauga, which is owned by 1000704900 Ontario Inc. Both companies are directed by Imran Ahmed. RBC provided Diamond Luxury with a $1.5 million revolving demand facility and $50,000 business credit card, while the numbered company received a $1.125 million non-revolving…