Melb builder probed for alleged insolvent trading in $4m collapse – Herald Sun
Melb builder probed for alleged insolvent trading in $4m collapse Herald Sun Read the original article here
Jon Adgemis debt balloons to $1.8b, creditors to receive even less: trustee report
Embattled hospitality entrepreneur Jon Adgemis has been paying $60,833 per month in rent to billionaire Will Vicars and funding his “extravagant lifestyle” via company loans and fees earned from his refinancing deal with Deutsche Bank, according to an updated report from his trustee. The trustee, WLP Restructuring, who was placed in charge of Adgemis’ affairs…
Once-Booming Cycling Industry Now in Crisis: Another Brand Folds – bikemag.com
Once-Booming Cycling Industry Now in Crisis: Another Brand Folds bikemag.com Read the original article here
The $2m shareholder agreement that nearly killed a company
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. …
NCLAT clears rescue plan for Neptune Developers; relief for 2,000 homebuyers
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…
NCLAT rejects Central Bank of India plea, clears ₹390 crore plan for Neptune Developers
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…
NS Bikes parent company 7anna files for bankruptcy
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 responds to ex Alex Reid’s cash-counting video as she reveals her next moves after being left ‘blindsided’ by the drama
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
Former EastEnders star Martine McCutcheon is declared bankrupt less than a year after split from husband MSN Read the original article here
Further delay in Holly Willoughby media company winding up case
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…