A profitable professional services company. Three decades of consistent dividends. A comprehensive shareholder agreement that looked bulletproof on paper. Yet when two major shareholders decided to exit, the company was 24 hours away from insolvency. The twist? Their accountant had reviewed this shareholder agreement multiple times over the years and never spotted the fatal flaw. …
CHENNAI: The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by Central Bank of India against the resolution plan for bankrupt real estate firm Neptune Developers Pvt. Ltd. The tribunal ruled that as a dissenting financial creditor, the bank cannot block a plan that has already been approved by the Committee of…
MUMBAI: The National Company Law Appellate Tribunal (NCLAT) has rejected an appeal by the Central Bank of India challenging the approval of a resolution plan for Neptune Developers Pvt. Ltd, a bankrupt real estate company. The tribunal ruled that as a dissenting financial creditor, the bank cannot block a plan endorsed by the Committee of…
File photo: Gerow NS Bikes is a well-known mountain bike brand founded in Poland in 2003 which sells a comprehensive range of bikes. On August 18, 2025, the brand’s parent company, 7anna, officially filed for bankruptcy proceedings with the Polish government — the latest in a long line of bankruptcy proceedings and restructurings sweeping the…
Katie Price‘s response to her ex Alex Reid‘s cash-counting video has been revealed after she was left ‘blindsided’ by the drama. The former cage fighter, 50, shared a clip on Instagram on Monday that showed the TV personality, 47, who at the time had been declared bankrupt, counting a wad of notes. It’s the latest…
Former EastEnders star Martine McCutcheon is declared bankrupt less than a year after split from husband MSN Read the original article here
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Holly Willoughby’s media company is set to return to a specialist insolvency court in November following the result of a…
Liberty Steel company millions in debt but ‘has only £650,000’ Yorkshire Post Read the original article here
NCLT Declares Kapil Wadhawan Bankrupt As Supreme Court Tightens Scrutiny On DHFL Scam BW Legal World Read the original article here
The number of private schools collapsing into administration has doubled in the first half of this year, as the government’s VAT changes bite into the sector’s finances. Figures released by risk advisory firm Kroll show that 12 private schools went into administration between January and July, compared with six during the same period last year.…