Scottish motorsport racing company plunges into liquidation – The Scottish Sun
Scottish motorsport racing company plunges into liquidation The Scottish Sun Read the original article here
IBBI proposes financial creditor nod for big deals in distressed firms
New Delhi: Banks initiating bankruptcy proceedings without replacing existing management in defaulting companies will set a monetary threshold above which the distressed firm must obtain financial-creditor approval, according to a set of draft regulations released by rule maker Insolvency and Bankruptcy Board of India (IBBI) on Wednesday for public feedback. IBBI said the draft regulations…
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Microsoft Russian branch declared bankrupt
Microsoft Russian branch declared bankrupt The Moscow Arbitrage Court has recognised the company Microsoft Rus, the Russian subsidiary of Microsoft, as bankrupt, reports RBC. The legal process was initiated by Microsoft. The debt of Microsoft Rus totaled RUB 1.54 billion. Microsoft still owns three affiliated companies in the country, but stopped its activities there in…
Spirit Airlines may go bankrupt this week as fuel costs spike after Iran war – US News – News
Spirit Airlines could liquidate as soon as this week (Image: Getty) This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more Spirit Airlines could liquidate as soon as this week amid a second bankruptcy declaration in less than a year, and a spike in fuel prices…
NCLAT Chennai Adjourns Aban Offshore CIRP Appeal Hearing to June 2, 2026 – scanx.trade
NCLAT Chennai Adjourns Aban Offshore CIRP Appeal Hearing to June 2, 2026 scanx.trade Read the original article here
Workington-based AA Carpets and Furnishings’ insolvency blow
AA Carpets and Furnishings, based in Workington, announced in a statement on social media that it had entered into insolvency yesterday, April 15. In a statement the company said it was ‘sorry to share that AA Carpets and Furnishings has entered into insolvency’, saying further information will be shared as soon as they can. AA…
Workington-based AA Carpets and Furnishings’ insolvency blow
AA Carpets and Furnishings, based in Workington, announced in a statement on social media that it had entered into insolvency yesterday, April 15. In a statement the company said it was ‘sorry to share that AA Carpets and Furnishings has entered into insolvency’, saying further information will be shared as soon as they can. AA…
Manchester tech scale-up Partful ‘enters insolvency’ days after awards recognition leaving staff scrambling for jobs and answers
Manchester tech firm Partful has reportedly entered insolvency just days after being shortlisted for a major industry award leaving staff scrambling for answers as well as new jobs. Staff at the 3D aftersales SaaS platform began sharing news of the company’s collapse over the past 48 hours, with multiple employees confirming they are now out…