Court documents show the debt was reduced to $203,000 through repayments or credits allowed by the time Mr Jane was served with a bankruptcy notice in March 2016. The tyre titan was one of Mr Mitchell’s first clients when he opened his ad agency in the 1970s and the two remained friends, with Mr Mitchell…
(Bloomberg) — For the past three years, steel tycoon Sanjeev Gupta has performed an extraordinary feat of corporate survival. The British industrialist managed to keep most of his empire of steel plants even as creditors circled, concerns arose about alleged wrongdoing regarding trades and he faced probes for suspected fraud and money laundering. Now his…
A total of 82 companies out of the top 100 bank defaulters of 2019, including some of the biggest companies run by prominent industrialists, landed in the National Company Law Tribunal (NCLT) under Insolvency and Bankruptcy Code (IBC), 2016 and out of this, nearly one third of the companies went into liquidation over the years,…
A total of 82 companies out of the top 100 bank defaulters of 2019, including some of the biggest companies run by prominent industrialists, landed in the National Company Law Tribunal (NCLT) under Insolvency and Bankruptcy Code (IBC), 2016 and out of this, nearly one third of the companies went into liquidation over the years,…
Tupperware Bankruptcy: What Went Wrong And Lessons For Startups Jumpstart Media Read the original article here
Dive Brief: One Table Restaurant Brands, the parent company of the 24-unit chain Tender Greens and the 15-unit chain Tocaya, filed for Chapter 11 bankruptcy protections Wednesday, court documents show. One Table was created in 2021 after the COVID-19 devastated Tender Greens and Tocaya. The unusual business combination was intended to “provide a leveraged platform of…
“One said the house-building entity would be declared insolvent if it was a ‘normal’ company, while another said the council would be better off buying houses and ‘getting rid of Treveth’. Treveth was created by Cornwall Council in 2019 with a mission to provide high-quality sustainable new homes, communities and commercial spaces for the benefit…
‘ASX Wolf’ finfluencer flaunts Rolls-Royce after being declared bankrupt WAtoday Read the original article here
Croydon: Met drops probe into council’s ‘financial collapse’ BBC Read the original article here
