In a gesture that took the internet by surprise, the owner of a Chandigarh-based pharmaceutical company gifted 51 luxury cars to his employees ahead of Diwali. The man behind the viral moment is MK Bhatia, founder and chairman of the MITS Group, who personally handed over the keys of the brand-new Scorpio SUVs during the…
TT-Line could have faced insolvency without emergency borrowing arrangements approved during the election caretaker period, Tasmania’s lending authority has revealed. TASCORP chair Gary Swain told a parliamentary committee the ferry operator’s financial position was “not sustainable” when it requested an extra $410 million in borrowing capacity in April. The Tasmanian Public Finance Corporation approved a…
Around 28,000 British businesses face going bust this year This is Money Read the original article here
Insolvency rates set to remain 20% to 30% above pre-pandemic levels By MIKE SHEEN, BUSINESS EDITOR Updated: 15:00 AEDT, 21 October 2025 Business insolvency rates will remain 30 per cent above pre-pandemic levels next year after with another 27,650 firms set to go bust in 2025, research suggests. Official data last week that showed another…
Commenting on the rise in company failures, Blair Milne, a partner in the Glasgow office of accountancy firm Azets, pinpointed a change in approach from HMRC following the “softly slowly” approach it took in the aftermath of the coronavirus pandemic. Its rise in enforcement has come as companies have faced rising costs on a variety…
NCLT Admits Insolvency Case Against Blu-Smart Mobility Cartoq Read the original article here
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Liverpool legend John Barnes declared bankrupt after company racks up £1.5m debt MSN Read the original article here
The Orissa High Court, Bench comprising Justice Chittaranjan Dash, has ruled that the proceedings under section 138 of the NI Act will sustain against the directors or signatories of the company even if the entity has been declared insolvent under the IBC, 2016. The complainant extended a loan of Rs. 1 Cr. to Zenith Mining Pvt.…
Zoe Adjay, a senior lecturer in hospitality at the University of East London, said Pizza Hut had been “at the forefront of bringing fast food into the UK” in the 1970s, but had struggled to remain relevant amid increased competition. “The pizza market has become a lot more upmarket,” she said. “There’s a lot more…