Category Archives: Bankruptcy

London construction boss gets suspended sentence, unpaid work order and six-year director ban

Adebanjo Adebayo Talabi was the director of Bebo Construction Limited.   He pleaded guilty to three counts of fraud by false representation for claiming £150,000 in Covid Bounce Back Loans.  He received a two-year sentence, suspended for two years, an unpaid work order, and a six-year director disqualification.   The south-London director of a construction company has narrowly avoided jail after admitting exaggerating his company’s turnover…

Supreme Court says repeated challenges by unsuccessful bidders erode IBC’s framework

New Delhi: The Supreme Court on Friday pulled up unsuccessful bidding companies in insolvency cases for challenging commercial decisions taken by lenders, warning that such attempts undermine the design of India’s bankruptcy framework. A bench led by Justice B.V. Nagarathna made the observations while upholding the resolution plan of Sarda Energy & Minerals Ltd for…

Scots engineering firm goes into liquidation after almost 100 years – The Scottish Sun

Scots engineering firm goes into liquidation after almost 100 years  The Scottish Sun Read the original article here

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East India Company Shuts Down Again After 170 Years: London Luxury Revival Ends In Bankruptcy

The East India Company’s flagship store in Mayfair, London | Image: Tripadvisor New Delhi: The East India Company, a name once synonymous with global trade dominance and colonial rule – has ceased operations for the second time in its long history, this time as a luxury retail brand in London, bringing an unusual chapter in…

Oxfordshire pub firm with £1.5m debts winds up in liquidation – Herald Series

Oxfordshire pub firm with £1.5m debts winds up in liquidation  Herald Series Read the original article here

Oxfordshire pub firm with £1.5m debts winds up in liquidation – Oxford Mail

Oxfordshire pub firm with £1.5m debts winds up in liquidation  Oxford Mail Read the original article here

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The 28 UK companies that have collapsed into administration this week | UK | News

Over 150 businesses have gone into administration between December and January (Image: Getty) A shocking 28 companies have appointed administrators so far this week, according to notices published in The Gazette, the UK’s official public record. The appointments span several sectors including manufacturing, healthcare, renewable energy, property development, retail, biotech and leisure. One notable example…