MBL Seeks Investors After Filing for Insolvency – Stereophile.com
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FirstCry Parent Faces Turmoil as Insolvency Plea Hits Key Subsidiary GlobalBees
An insolvency petition has been launched against GlobalBees Brands, a significant subsidiary of Brainbees Solutions, the parent company of well-known baby products retailer FirstCry, in a significant development that could upend one of India’s leading consumer brand aggregators. The case demonstrates growing financial strain, legal complications, and conflicts over outstanding debts. Credits: startuptalky Insolvency Petition…
Premier League icon declared bankrupt as £2m house listed on court order | Football | Sport
Former Premier League footballer Lee Clark has been declared bankrupt, according to recent documents. The 52-year-old, who played for Newcastle United, Sunderland and Fulham during his career, later transitioned into management and television punditry. The Magpies favourite made 265 appearances for the club over two spells, netting 28 goals. However, the ex-midfielder’s financial situation is…
Insolvencies jump as Rachel Reeves’ labour costs hike hits businesses
The number of businesses folding rose 15% year-on-year in May By MIKE SHEEN Updated: 21:34 AEST, 20 June 2025 Business insolvencies across England and Wales rose sharply last month as firms buckled under the pressure of higher labour costs associated with last year’s Autumn Budget, official data suggests. Insolvencies jumped 8 per cent month-on-month to…
April trade boost for hospitality sector pushes down insolvencies
Amid a boost a trade caused by sunny weather over the month, insolvencies in the sector fell, also dropping 2.5% month-on-month. Additionally, the Government’s company insolvency statistics show that hospitality insolvencies are down 12% in the 12 months to April 2025, falling from 3,824 in the 12 months to April 2024 to 3,369. “April was…
Premier League legend declared bankrupt as £2m house listed on court order
Lee Clark’s bank accounts, savings and other valuable assets could be used to pay his unsecured creditors if he does not address the debt, according to an order made Former Newcastle and Sunderland midfielder Lee Clark(Image: Andy Commins / Daily Mirror) A former Premier League star has been declared bankrupt over a debt to a…
Premier League icon declared bankrupt as £2m house listed on court order | Football | Sport
Former Premier League footballer Lee Clark has been declared bankrupt, according to recent documents. The 52-year-old, who played for Newcastle United, Sunderland and Fulham during his career, later transitioned into management and television punditry. The Magpies favourite made 265 appearances for the club over two spells, netting 28 goals. However, the ex-midfielder’s financial situation is…
Premier League legend Lee Clark bankrupt as £2m mansion listed on court order
Newcastle United hero Lee Clark, once part of one of British football’s most controversial incidents when playing for rivals Sunderland, has been made bankrupt 15:06, 20 Jun 2025Updated 15:10, 20 Jun 2025 Former Premier League footballer Lee Clark has been declared bankrupt(Image: Andy Commins / Daily Mirror) Former Premier League footballer Lee Clark has been…
Wadhawan Disputes ₹1,709 Cr Suraksha ARC Claim in HDIL Insolvency, Alleges Circular Deal
The ongoing insolvency proceedings of Housing Development and Infrastructure Ltd (HDIL) have taken a contentious turn, with suspended director Rakesh Kumar Wadhawan challenging the legitimacy of a ₹1,709.69 crore claim admitted by the Resolution Professional (RP), the FPJ reported. In a letter dated June 1, 2025, Wadhawan has alleged that Suraksha Asset Reconstruction Company (ARC)…
NCLAT Upholds Insolvency Against Jaypee Cement, Dismisses Appeal by Suspended Director [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has upheld the commencement of insolvency proceedings against Jaypee Cement Corporation Ltd. (JCCL), dismissing the appeal filed by its suspended director, Alok Gaur. The appeal had challenged the 22 July 2024 order of the National Company Law Tribunal (NCLT), Allahabad Bench, which had admitted a Section 7 application…