The Supreme Court on Wednesday stayed a recent judgment delivered by the National Company Law Appellate Tribunal (NCLAT) closing insolvency proceedings initiated against ed-tech firm Byju’s (Glas Trust Company LLC v. Byju Raveendran and ors). A Bench of Chief Justice of India (CJI) DY Chandrachud with Justices JB Pardiwala and Manoj Misra passed the…
25 Jun 2024 • 4 min read The latest insolvency statistics for May 2024 for company and individual insolvencies have been published on 18 June 2024 for England and Wales. This comes just before the announcement on 19 June 2024 by the Office for National Statistics, that UK inflation fell to the Bank of England’s…
The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12…
Zulu Travel Services Ltd was wound up at the High Court of Justice in Manchester following an investigation into its trading practices, and the official receiver appointed as liquidator Company director Dr Darren Anderson had changed his name three times and was already banned from running a company for 15 years under his previous name Anderson…
Annual ASIC insolvency data reveals increase in companies failing The National Tribune Read the original article here
Fact Check: Has Trump declared bankruptcy four or six times? The Washington Post Read the original article here
At least 26 councils in some of Britain’s most deprived areas are at risk of effective bankruptcy within the next two years, according to a leading local government group, which says many authorities simply have “nothing left”. Britain’s local government network has been shaken by a string of financial collapses in the past two years,…
Birmingham city council, the largest local authority in the country, has in effect declared itself bankrupt after issuing a section 114 notice, signalling that it does not have the resources to balance its budget. The notice, preventing all but essential spending to protect core services, was issued on Tuesday with council leaders blaming a £760m…
Metals magnate Sanjeev Gupta’s efforts to sell his troubled Liberty Ostrava steelworks hit a setback as the Czech government said potential buyers had lost interest in taking over the company. Gupta’s Liberty Steel has been looking to divestBloomberg Terminal its Czech operations after a court declared the dormant unit with about 5,000 employees insolvent and…
Left: Richard Lawrence of Mackay Goodwin. Source: Supplied. Recent data released by the Australian Securities and Investments Commission (ASIC) reveals a record high of 1,245 insolvency appointments in May 2024, marking a 44% increase from a year ago and a remarkable 122% surge compared to 2022. This upsurge in business failures has been linked to adverse…