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Category Archives: Bankruptcy

Aircraft lessor files insolvency petition against SpiceJet over $5.94 million dues

BankruptcyBy EditorMarch 22, 2025

In more trouble for cash starved private sector airline SpiceJet, Indonesia-based aircraft lessor PT BBN Airlines has filed an insolvency petition against the Indian company over certain outstanding payments. The petition was filed in the Delhi unit of insolvency court National Company Law Tribunal (NCLT). PT BBN Airlines has stated that SpiceJet has yet to…

UK Energy Firm That Let Customers Own a Share of a Wind Farm Nears Insolvency

BankruptcyBy EditorMarch 22, 2025

Article content (Bloomberg) — A UK energy company that allows households and communities to own a stake in solar and wind farms has entered administration, according to an email it sent to customers. Article content Ripple Energy Ltd. provided a platform for people to buy into renewable power plants in exchange for getting money off…

UK Energy Firm That Let Customers Own a Share of a Wind Farm Nears Insolvency – Bloomberg

BankruptcyBy EditorMarch 22, 2025

UK Energy Firm That Let Customers Own a Share of a Wind Farm Nears Insolvency  Bloomberg Read the original article here

13 Firefighters Declared Bankrupt Taken Disciplinary Action – BERNAMA

BankruptcyBy EditorMarch 22, 2025

13 Firefighters Declared Bankrupt Taken Disciplinary Action  BERNAMA Read the original article here

13 Firefighters Declared Bankrupt Taken Disciplinary Action – BERNAMA

BankruptcyBy EditorMarch 22, 2025

13 Firefighters Declared Bankrupt Taken Disciplinary Action  BERNAMA Read the original article here

Katie Price given bankruptcy warning as she’s ‘already set to make millions’ again

BankruptcyBy EditorMarch 22, 2025

Katie Price has given fans some good news this week (Picture: Getty) Katie Price has declared that she’s already on her way to ‘making millions again’ – but a financial expert has warned she still needs to be careful in the future. The media personality and former glamour model, 46, had owed more than £750,000…

UK bucking global trend of rising insolvencies

BankruptcyBy EditorMarch 22, 2025

Creditors receive nothing from Niceair bankruptcy estate

BankruptcyBy EditorMarch 22, 2025

A recent meeting of the Niceair bankruptcy estate has confirmed that creditors will not receive any funds, as the estate was declared assetless. According to the list of claims, creditors had filed for a total of 184 million ISK, consisting of 32.5 million ISK in priority claims, 144 million ISK in general claims, and an…

Bankruptcy and beyond: The fate of licensed intellectual property during bankruptcy and insolvency – Dentons

BankruptcyBy EditorMarch 21, 2025

Bankruptcy and beyond: The fate of licensed intellectual property during bankruptcy and insolvency  Dentons Read the original article here

SpiceJet faces fresh insolvency plea amid mounting legal battles

BankruptcyBy EditorMarch 21, 2025

New Delhi: Budget carrier SpiceJet is facing fresh insolvency proceedings, this time from Indonesia’s PT BBN Airlines over unpaid lease rentals totalling $5.94 million. The National Company Law Tribunal (NCLT), Delhi bench, heard the case on Friday but has yet to issue a notice after SpiceJet sought time to respond. The next hearing has been…

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