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…
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…
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…
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…
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…
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…
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…
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…
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…
Advent Technologies Holdings, Inc. (NASDAQ:ADN), a manufacturer of miscellaneous electrical equipment, announced today that its Danish subsidiary, Advent Technologies A/S, has been declared bankrupt pursuant to the Denmark Bankruptcy Act. The bankruptcy declaration was made on Thursday, July 25, 2024. The proceedings will be overseen by Attorney Ulla Skov of ADOKATFIRMAET BØRGE NIELSEN, who has…