Builder jailed after taking money from homeowners while company was insolvent – TheBusinessDesk.com
Builder jailed after taking money from homeowners while company was insolvent TheBusinessDesk.com Read the original article here
bk plus appoints new restructuring and insolvency director
Herberts is a licensed insolvency practitioner with more than 15 years of experience. Credit: PeopleImages/Shutterstock.com. UK accountancy practice bk plus has named Peter Herberts as director of its restructuring and insolvency practice. Herberts will be based in the company’s Sheffield office and work within the restructuring team led by David Griffiths. Access deeper industry intelligence…
Kernowfornia and Morvala festivals organiser ‘personally ruined’
He also addressed ‘false and damaging’ rumours being spread about him 13:21, 06 Jul 2026Updated 13:52, 06 Jul 2026 Jon Stafford leading his band Haunt the Woods at The Kernowfornia Festival(Image: Submitted) The organiser of two arts and music festivals has come out to say how devastating the collapse of the two events has been…
Will you lose your PF and gratuity if your company goes bankrupt? Experts explain
If your employer goes bankrupt, do you risk losing your provident fund (PF) and gratuity? The short answer is no. However, while employees remain entitled to these dues, recovering them may still take time if the company is undergoing insolvency proceedings. Open FREE Demat Account within minutes! Join now The issue has come into focus…
LiveLawBiz IBC Weekly Digest: June 29
Supreme Court Likens AI Hallucinations To Gas Behind Bhopal Gas Tragedy, Sets Aside CIRP Orders Over Fake Case Law Case Title : POOJA RAMESH SINGH Versus JAMMU AND KASHMIR BANK LTD AND ANR. Case Number : C.A. No. 11950/2025 Comparing fake AI-generated legal material to the release of methyl isocyanate (the gas behind the Bhopal…
Insolvency Service to use AI to catch rogue phoenix directors
The Insolvency Service is to deploy artificial intelligence to root out rogue directors who deliberately fold their companies to dodge tax and walk away from their debts, but the agency has admitted its new taskforce cannot fix an £800 million problem on its own. The chancellor committed £25 million over five years in November’s budget…
Ola Electric shares fall 5 pc after report says two suppliers seek insolvency proceedings over unpaid dues
Ola Electric share price dropped as much as 5.3 per cent to an intra-day low of Rs 42.10 apiece. At noon, the stock was trading 5.02 per cent lower, even as the benchmark Nifty index was up 0.78 per cent. According to multiple reports, Sterling and Anevolve Mando, both suppliers to Ola Electric Technologies Private…
BRE makes senior insolvency appointment
Restructuring and insolvency practice Business Rescue Expert (BRE) has bolstered its North West operation with the appointment of Gareth Hunt. Insolvency Practitioner Hunt has joined the firm’s Manchester office from RPG, where he was head of business recovery. He brings more than 20 years’ experience in the debt advisory and insolvency sector, handling corporate and…
Set-Off Under IBBI Liquidation Rules Applies Only Between Same Parties, Not Group Companies: NCLAT
The National Company Law Appellate Tribunal (NCLAT), New Delhi, has held that the benefit of set-off under the IBBI (Liquidation Process) Regulations, 2016 is available only where the mutual dealings are between the same parties and cannot be invoked to adjust dues owed by other group companies. The bench of Judicial Member Justice R.N. Seshasayee,…
IBC-PMLA Conflict: The Clash Between Insolvency and Anti-Money Laundering Laws
The IBC-PMLA Conflict clarifies that insolvency proceedings cannot shield assets alleged to be proceeds of crime from attachment under the PMLA. IBC-PMLA Conflict Latest News Background of the Case Siddhi Vinayak Logistics Ltd. is at the centre of this dispute. Its promoters are accused of serious financial crimes — bank fraud, forgery, criminal conspiracy, and…