Six restaurants ‘declared insolvent every day between January and March’ – Restaurant
Six restaurants ‘declared insolvent every day between January and March’ Restaurant Read the original article here
Suraksha Group invests Rs 250 cr in Jaypee Infratech, secures Rs 3K cr loan | Company News
On June 4, Suraksha Group took control of JIL following the insolvency appellate tribunal NCLAT decision on May 24, upholding its bid to acquire JIL. 4 min read Last Updated : Aug 25 2024 | 4:10 PM IST Suraksha Group has infused Rs 250 crore in Jaypee Infratech after acquiring it through insolvency process…
Travel agency shut down with holidaymakers owed almost £600,000 in refunds | Insolvency Service
Customers were left out of pocket, without a holiday and with no refunds provided Travel agents Felix Travels and Tours Limited has been wound-up at the High Court after customers complained they had not received the holiday they paid for In some cases, trips were cancelled at late notice and holidaymakers had to pay for…
Kuwaiti tycoon behind ‘Dartford Disneyland’ declared bankrupt
The London Resort theme park was due to be built in Swanscombe, Kent – The London Resort The Kuwaiti businessman behind a troubled £2.5bn Kent theme park meant to rival Disneyland has been declared bankrupt. Abdulla Al-Humaidi, who was a key backer of the proposed London Resort development scheme, was confirmed to be insolvent at…
Post Office completely insolvent with R12.5-billion debt – MyBroadband
The South African Post Office (SAPO) is insolvent, and its debt obligations have increased to R12.5 billion. This is according to a statement from the business rescue practitioners this week, who said the state-owned company must improve revenue and implement an effective and efficient cost structure to become factually solvent. Joint Business Rescue Practitioners Anoosh…
Company insolvencies in England and Wales higher in past year than during financial crisis; gold hits record highs – as it happened | Business
More companies went bust in past year than during financial crisis More companies in England and Wales went bust in the last year than at the height of the financial crisis, the latest insolvency figures show. There were 25,551 insolvencies in the 12 months from August 2023 to July 2024, new data from the Insolvency…
Insolvency: 5 Noida projects face insolvency, Rera asks allottees to file claims with IRP | Ghaziabad News
Ghaziabad: Homebuyers of five residential projects in Noida, which are undergoing corporate insolvency resolution process, can now file their claims with the interim resolution professional, UP Rera chairman Sanjay Bhoosreddy said. Earlier this year, the National Company Law Tribunal (NCLT) gave its nod to initiate insolvency proceedings against five developers, including Supertech Realtors Pvt Ltd’s…
Record number of UK care homes declared insolvent | Social care
A record number of care home businesses failed last year as the financial pressure on social care in Britain took its toll. New government figures show that 75 care home businesses were declared insolvent in 2016, up from 74 the previous year. The failures mean that in total 421 care home businesses have collapsed since…
Tommy Robinson pursued for estimated £2m debt after bankruptcy claim | Tommy Robinson
The far-right activist Tommy Robinson is being pursued for an estimated £2m by creditors after he claimed bankruptcy during a high court libel trial. The English Defence League founder, whose real name is Stephen Christopher Yaxley-Lennon, declared himself bankrupt in a high court trial last year in which he was ordered to pay £100,000 in…
Ex-England and Liverpool footballer John Barnes banned as company director
John Barnes has been banned as a company director after his company did not pay tens of thousands of pounds in both VAT and corporation tax Insolvency Service investigations began after his John Barnes Media Limited company went into liquidation in 2023 Former England and Liverpool footballer John Barnes has been banned as a director…