The National Company Law Tribunal (NCLT), Ahmedabad Bench, has admitted an insolvency petition, initiating the Corporate Insolvency Resolution Process(CIRP) over unpaid operational dues. Also found that the corporate debtor defaulted on payments amounting to ₹5.86 crore, including contractual interest, even after service of a statutory demand notice under Section 8 of the Insolvency and Bankruptcy…
A UK aircraft sales company has collapsed into liquidation after nearly a decade in business. P3R Aviation Limited, which was based in Glenthroes, Scotland, before it ceased trading this month, has appointed liquidators to “conclude its affairs in an orderly manner”. The firm dealt with the sale of machinery, industrial equipment, ships and aircraft for…
National Company Law Tribunal, Hyderabad Bench: In an application filed under Section 95, Insolvency and Bankruptcy Code, 2016 (IBC) by Bank of Baroda (Financial creditor) seeking initiation of personal insolvency resolution process (PIRP) against the personal guarantor of Vijay Home Appliances Ltd., the Bench of Rajeev Bhardwaj, Member (Judicial), and Sanjay Puri, Member (Technical), held…
He failed more than once before he found his footing, a young confectioner whose early ventures collapsed under financial strain and inexperience. Each setback chipped away at his resources but quietly strengthened his resolve. Instead of stepping away, he studied what went wrong, refined his craft, and returned with sharper focus. Those early failures became…
He failed more than once before he found his footing, a young confectioner whose early ventures collapsed under financial strain and inexperience. Each setback chipped away at his resources but quietly strengthened his resolve. Instead of stepping away, he studied what went wrong, refined his craft, and returned with sharper focus. Those early failures became…
Latest monthly statistics from the Insolvency Service show that business insolvencies and personal insolvencies rose in Northern Ireland in February 2026. The data showed that there were 25 company insolvencies registered in Northern Ireland, 19% higher than in February 2025. The insolvencies comprised of eight compulsory liquidations, 16 CVLs and one administration. There were no CVAs or receivership…
Scottish business insolvencies fall 5% Credit Connect Read the original article here
The ex-Manchester United star has opened up about a big financial mistake Peter Schmeichel has one big financial regret(Image: Getty Images) Peter Schmeichel has admitted his regret at getting involved in a tax relief scheme that took him 15 years to put right. The goalkeeper legend won the lot with Manchester United, including the Treble…
A film studio based in a former luxury mall on the Atlantic City Boardwalk has filed for bankruptcy protection, citing financial struggles after three years in business. ACX1 Studios filed for Chapter 11 protection in U.S. Bankruptcy Court in New Jersey, according to a petition filed on Friday. The company moved into the former Playground…
Film studio goes bankrupt after three years trying to bring Hollywood to the Jersey Shore NJ.com Read the original article here