Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales increased by 2.9% in February 2025 to a total of 2,035 compared to January 2025’s total of 1,978, and decreased by 7% compared to February 2024’s figure of 2,188. The business insolvencies consisted of 393 compulsory…
Scottish business insolvencies increase by 10% Credit Connect Read the original article here
The increase was reported by R3, the UK’s insolvency and restructuring trade body, which analysed data from Creditsafe. The data revealed a rise in insolvency-related activities from 172 in January to 212 in February. These figures include administrator and liquidator appointments, as well as creditors’ meetings. READ MORE: FOUNDRY: Hundreds attend networking business event in Poole…
The National Company Law Appellate Tribunal (NCLAT) has set aside the bankruptcy case against Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a subsidiary of Essar Group. An NCLAT bench led by chairperson Justice Ashok Bhushan overturned the National Company Law Tribunal (NCLT) order, based on a petition from Greka Green Solutions (India) Ltd,…
Zomato is facing potential insolvency proceedings as Nona Lifestyle Pvt Ltd has filed a petition with the National Company Law Tribunal (NCLT) seeking to restore an earlier insolvency plea under Section 9 of the Insolvency & Bankruptcy Code. Nona Lifestyle claims Zomato owes ₹1.64 crore, including interest, due to delayed payments and incomplete delivery, a…
Swindon & Wiltshire Economy Tuesday March 18 2025 Author Name: Peter Davison Insolvency-related activity increased by more than 23 per cent across across the Thames Valley and Wiltshire region last month, according to R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe showed a rise in insolvency-related activities from…
By Emily Lever · March 18, 2025, 8:53 PM EDT In its second bankruptcy in six years, fast-fashion chain Forever 21 is winding down and plans to close more than 300 U.S. stores, and has disclosed more than $1 billion in… To view the full article, register now. Read the original article here
Katie Price says both her bankruptcies have been discharged MSN Read the original article here
While some markets, including Australia, Singapore, and Japan, may see a moderation in insolvencies in 2025, other economies – such as Taiwan (8%), South Korea (3%), and Hong Kong (2%) – are expected to continue experiencing increases, primarily due to subdued trade demand and prolonged financial pressures. Read the original article here
Electric two-wheeler maker Ola Electric is facing a major legal and financial crisis as Rosmerta Digital Services and Rosmerta Safety Systems, two of its largest vehicle registration partners, have filed two insolvency petitions against its subsidiary, Ola Electric Technologies Pvt. Ltd. The dispute, over unpaid dues, has reached the National Company Law Tribunal (NCLT), putting…