Struggling hydrogen electrolyser maker McPhy launches tender to find buyer for itself – Hydrogen Insight
Struggling hydrogen electrolyser maker McPhy launches tender to find buyer for itself Hydrogen Insight Read the original article here
How Abengoa Group impacted the Spanish economy – EY
How Abengoa Group impacted the Spanish economy EY Read the original article here
NCLT admits insolvency petition against Three C Infratech
The National Company Law Tribunal (NCLT), New Delhi Bench, has admitted an insolvency petition against Three C Infratech Pvt. Ltd, a subsidiary of the embattled Three C Group, while directing a thorough investigation into allegations of round-tripping and fraud involving its sister concern, Three C Green Developers Pvt. Ltd. The petition, filed under Section 7 of the Insolvency and…
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County Down director accepts disqualification undertaking for six years
Date published: 14 April 2025 The Department for the Economy (the Department) has accepted a disqualification undertaking from the director of a company involved in other specialised construction activities not elsewhere classified. The undertaking was received for six years from Eamon McNamee (58) of Carrowmannan Road, Belleeks, Newry, in respect of his conduct as director…
Insolvency Service Bars 1,000+ Directors in 2024-25
More than 1,000 directors disqualified following Insolvency Service investigations. Of these, 736 were banned for Covid loan abuse. The report also highlights the average length of a ban was eight years. Latest figures from the Insolvency Service show the agency banned more than 1,000 directors in 2024-25, of which 736 were for Covid loan abuse.…
Case offers guidance on Australian administrators’ ability to remove and replace directors
Although section 442A of the Corporations Act 2001 (Cth) (‘the Act’) gives administrators the power to remove a director from office or appoint a replacement to a company, section 437A of the Act sets out the role of an administrator and specifies that while a company is in administration, the administrator has control of…
Insolvency and forfeiture – a tale of two companies
Posted: 03/03/2025 The case of SBP 2 S.À.R.L v 2 Southbank Tenant Limited [2025] EWHC 16 (Ch) highlights the importance of careful drafting and robust legal advice when looking to forfeit a lease. Background 2 Southbank Tenant Limited is a WeWork company and the tenant in this claim. WeWork Companies LLC was a guarantor of…
IBC Weekly Round-Up [7th April-13th April 2025] – Live Law
IBC Weekly Round-Up [7th April-13th April 2025] Live Law Read the original article here
Businesses ‘struggle to repay Covid Bounce Back Loans’
BUSINESSES are struggling to repay Bounce Back Loans (BBLs) five years after the pandemic, a Bournemouth-based insolvency practitioner has said. These loans, introduced by the Government in May 2020, were crucial for many during the Covid 19 crisis. However, for some, the repayment journey has been tough. Elaine Wilkins, director at Antony Batty and Company Licensed…