A British TV manufacturer has filed for administration after 16 years in business. The LED Studio Ltd appointed insolvency firm Opus Restructuring LLP to act on behalf of the business on April 20, as filed on the public record The Gazette today. Operating from Hampshire International Business Park in Basingstoke, the UK-owned manufacturer created extra-large…
“Initiation of CIRP is nothing more than the use of the IBC as a recovery mechanism. We will term it as an abuse of the process,” On April 23, 2026, the Supreme Court of India delivered a significant ruling, setting aside the NCLAT’s order directing admission of a Section 7 petition under the Insolvency and…
A local developer of ‘luxury’ homes who is already in trouble with the courts, HMRC, the banks and a plethora of creditors has now been declared bankrupt. Paul Stephens who runs the Truro-based developers Stephens & Stephens Group Ltd with his wife Helen, which recently went into liquidation, has been declared insolvent personally following a…
Cover image via New Straits Times & NSTP Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news. New data shows that 4,704 Malaysians aged 34 and below fell into bankruptcy over the last five years Economy Minister Akmal Nasrullah Mohd Nasir said this figure represents 15% of the 31,517 total cases recorded since 2021.…
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Cape Town – The Western Cape High Court has granted a sequestration order against Sam Buthelezi after he failed to pay the R475 000 agreed to by the close of business last Tuesday. Buthelezi had allegedly misappropriated the pension funds of workers affiliated to the Southern African Clothing and Textile Workers’ Union (Sactwu). Sactwu’s attorney,…
SAB Events & Governance Now Media Limited Announces 5th Creditors Committee Meeting Under Insolvency Process scanx.trade Read the original article here
Southern Co-op will “most likely” go into administration if members vote against the merger with Co-op Group, resulting in store closures and jobs losses, it has warned. CEO Ben Stimson and chair Janet Paraskeva issued the warning in a letter to members yesterday (22 April), as they were “concerned that some of the conversations being…