A Staffordshire businessman who sold seven historic cars, including two Jaguars and three Rolls-Royces, for just £1 to another company he also controlled has been banned as a director. Kulbarg Singh, 62, was the director of Aldridge Construction Engineering Ltd when he entered into an asset purchase agreement with Ace Earth Solutions Ltd in 2021.…
Yes Bank has withdrawn its appeal before the Supreme Court regarding the insolvency allegations against Essel Group’s Zee Learn on August 6. The bank had claimed a default of ₹468.99 crore against the company in 2023. On Tuesday, Yes Bank said it wanted to drop the court proceedings on the matter. “The Counsel for the…
A criminal investigation is now underway following the collapse of Monegasque travel agency Star Croisières, which has been officially declared bankrupt by a Monaco court after leaving hundreds of holidaymakers out of pocket. Judges delivered their ruling on Tuesday 5th August, placing the company into official cessation of payments and setting the insolvency date provisionally…
Section 213 liability does not rest exclusively with directors or those managing the insolvent business The recent UK Supreme Court judgment in Bilta (UK) Ltd (in liquidation) and others v Tradition Financial Services Ltd [2025] upheld the Court of Appeal’s broad interpretation of section 213 of the Insolvency Act 1986, deciding that its scope is…
A few years ago, California’s state government and its cities were flush with cash as the feds dumped $600 billion in stimulus funds into the state. Like all good parties, this one couldn’t go on forever. As the spigot closed, inflation spiked (gee, maybe there’s a connection?) and the economy slowed, the state budget went…
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SPAL have been officially declared bankrupt today as the club disappears from Italian football. After victory a few months ago in a Serie C relegation playoff, the former Serie A side failed to register for the new season back in June and now, after a judicial hearing, the club have been declared bankrupt. Advertisement Gazzetta…
SPAL have been officially declared bankrupt today as the club disappears from Italian football. After victory a few months ago in a Serie C relegation playoff, the former Serie A side failed to register for the new season back in June and now, after a judicial hearing, the club have been declared bankrupt. Advertisement Gazzetta…
FERRARA, ITALY – JULY 26: General view during the Serie A match between SPAL and Torino FC at Stadio Paolo Mazza on July 26, 2020 in Ferrara, Italy. (Photo by Gabriele Maltinti/Getty Images) SPAL have been officially declared bankrupt today as the club disappears from Italian football. After victory a few months ago in…
The tween jewellery and ear piercing retailer Claire’s has declared bankruptcy for the second time in seven years as it struggles amid a slowdown in consumer spending and the switch to online shopping. The US accessories retailer, which has more than 2,700 stores in 17 countries including the UK and France, said in papers filed…