Croydon: Met drops probe into council's 'financial collapse' – BBC
Croydon: Met drops probe into council’s ‘financial collapse’ BBC Read the original article here
New insolvency framework to be creditor-led: IBBI chairman Ravi Mital
New Delhi: Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mital on Saturday said a creditor-led resolution framework under the bankruptcy law is in the offing. The move aims to lower the workload of the adjudicating authority by enabling the committee of creditors (CoC) to take on greater responsibility and expedite the rescue of…
Six restaurants ‘declared insolvent every day between January and March’ according to data from the Insolvency Service
A total of 3,347 eateries have been unable to pay their debts in the past two years to March 2023, according to data from the Insolvency Service and first reported by Sky News. During the first three months of 2023, an average of six restaurants were affected every day. Of those restaurant declared insolvent, 98%…
Insolvency risk on the rise – Global Directors’ and Officers’ Survey 2024
Since the pandemic, during which insolvency rates were low due to government measures, there has been a considerable rise in insolvencies in the UK and many other jurisdictions. High interest rates have significantly increased the cost of borrowing and many companies are saddled with mountains of debt that was taken out in better times and…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
E-Voting rejects PVRN & Co. and Nangia & Co. LLP for CIRP cost audit, ET LegalWorld
Highlights The Committee of Creditors rejected the e-voting for the appointment and fees of PVRN & Co. and Nangia & Co. LLP for conducting the Corporate Insolvency Resolution Process Cost Audit of Jaiprakash Associates Limited, with votes receiving 49.07% and 46.63% respectively. The National Company Law Appellate Tribunal upheld the National Company Law Tribunal’s decision…
Rene Benko files for sole trader insolvency after Signa collapse
Austrian real estate, media and retail investor and founder of Signa Holding Rene Benko is seen prior to the Formula One Austrian Grand Prix at the Red Bull race track in Spielberg, Austria on July 2, 2023. Georg Hochmuth | Afp | Getty Images Rene Benko, the fallen property tycoon whose Signa empire toppled in…
Europe’s 3rd Largest Tour Operator Goes Bankrupt
Europe’s third largest Tour Operator “FTI Touristik” has declared bankruptcy upsetting the plans of thousands of travelers, with scheduled trips expected to be either canceled or partly suspended as early as tomorrow, Tuesday, June 4. According to sources, the German-based company has reportedly settled any outstanding debts to nearly all its client hotels in Crete,…
Electric vehicle start-up Fisker files for bankruptcy – The Washington Post
Electric vehicle start-up Fisker files for bankruptcy The Washington Post Read the original article here