The Public Investments Committee on Commercial Affairs and Energy has declared the National Oil Corporation technically insolvent and questioned its deal with a private fuel station chain in Kenya. A session scheduled by the committee with NOCK officials on Thursday was also suspended, with the MPs citing grave concerns over the financial mismanagement and rising…
Automarket Europe Limited, Integra Group Limited, Maxell Limited, Montana & Montana Limited, and Supermarket Plus Ltd filed false accounts showing turnovers of up to £642 million despite having no genuine business activity All five companies shared office addresses in South London and Croydon. They also falsely named reputable accountants as auditors, and failed to co-operate…
London-based vertical farming technology firm Vertical Future has been listed for sale on an insolvency marketplace after posting a sharp decline in revenue and widening financial losses. The company generated just £692,000 in turnover in 2024, down from £6.7 million the previous year, according to a report by City A.M. Pre-tax losses exceeded £10…
In a major relief to JSW Steel, the Supreme Court has agreed to revisit its earlier ruling that cancelled the company’s ₹19,350-crore acquisition of bankrupt Bhushan Power and Steel Ltd (BPSL) and directed its liquidation. A special bench comprising Chief Justice B.R. Gavai and Justice Satish Chandra Sharma said that the 2 May ruling may…
The Supreme Court on Thursday admitted review petition filed by JSW Steel Ltd. on Bhushan Power and Steel’s insolvency case. The apex court will hear the matter on Aug. 7. Last month, JSW Steel had filed a review petition in the Supreme Court regarding its earlier judgment related to Bhushan Power ‘s resolution plan. In…
Onboards 12 new partners into InCorp Restructuring Services LLP (IPE Entity) to service Pan India Projects MUMBAI, India, July 31, 2025 /PRNewswire/ — In a significant boost to India’s restructuring landscape, InCorp Restructuring Services (IRS) LLP, a registered Insolvency Professional Entity (IPE) with the Insolvency and Bankruptcy Board of India (IBBI), has expanded its national footprint by…
Mohammed Liaqat and Rubani Ghulam were directors of a company which harassed people with nuisance cold-calls in 2020 and 2021 Posh Windows UK Ltd, based in Stoke-on-Trent, made more than 400,000 unsolicited marketing calls trying to sell home improvements within a nine-month period Both have now been disqualified as company directors following investigations by the…
The National Oil Corporation of Kenya (NOCK) has been declared “technically insolvent” by a parliamentary watchdog committee, which has now ordered a special audit into the agency’s operations. According to the National Assembly’s Public Investments Committee on Commercial Affairs and Energy, NOCK is unable to meet its recurrent expenditures, owes over Sh7.4 billion in…
The National Oil Corporation of Kenya (NOCK) has been declared “technically insolvent” by a parliamentary watchdog committee, which has now ordered a special audit into the agency’s operations. According to the National Assembly’s Public Investments Committee on Commercial Affairs and Energy, NOCK is unable to meet its recurrent expenditures, owes over Sh7.4 billion in…
The National Oil Corporation of Kenya (NOCK) has been declared “technically insolvent” by a parliamentary watchdog committee, which has now ordered a special audit into the agency’s operations. According to the National Assembly’s Public Investments Committee on Commercial Affairs and Energy, NOCK is unable to meet its recurrent expenditures, owes over Sh7.4 billion in…