Care company wound up after entering voluntary liquidation

Jay’s Home Support Services Ltd, based in Neyland, provided domiciliary and palliative care to residents across Pembrokeshire. The company, which also operated a day centre and offered social support services, was placed into creditors’ voluntary liquidation on September 9 following a general meeting held at the offices of Stones & Co Insolvency Practitioners in Swansea.…

Construction insolvencies: 3,866 failures

Construction recorded more company insolvencies than any other industry in England and Wales over the past year, despite a modest fall in failures. Insolvency Service figures show 3,866 construction companies entered insolvency in the 12 months to August 2026. That was 2% fewer than in the previous 12 months, but still accounted for 17% of…

Nbcc: NCLAT Raises Alarm Over Delays in Supertech’s Insolvency Process, ETLegalWorld

New Delhi: Appellate Insolvency Tribunal NCLAT has raised concerns over construction major NBCC‘s delay in meeting deadlines set for resumption of work at Supertech Ltd’s stalled housing projects. Besides, a three-member bench has also pulled up the authorities over the delay in appointing an interim resolution professional (IRP) for the realty firm, which is currently…

Supertech insolvency: NCLAT raises concern over delay in appointing IRP, slippage on deadline, ETRealty

NEW DELHI: Appellate Insolvency Tribunal NCLAT has raised concerns over construction major NBCC‘s delay in meeting deadlines set for resumption of work at Supertech Ltd‘s stalled housing projects. Besides, a three-member bench has also pulled up the authorities over the delay in appointing an interim resolution professional (IRP) for the realty firm, which is currently…

Prolonged Timelines, 70% Haircut: IBC Needs Reforms

Chennai : The latest controversy involving Essel Group chairman Subhash Chandra has brought out the discrepancies in the Insolvency and Bankruptcy Code (IBC). The creditors have to take close to 70 per cent haircut on their claims, proceedings prolong for more than double the prescribed timeline and by then most distressed companies lose their value.…

Rapido files insolvency plea against Magicpin over unpaid dues

Rapido has approached the National Company Law Tribunal (NCLT) against hyperlocal e-commerce company Magicpin over alleged unpaid operational dues of close to ₹10 crore, Business Standard reported. The insolvency application was filed by Roppen Transportation Services Private Limited, the entity that operates Rapido, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The…