The Insolvency and Bankruptcy Code, 2016 (IBC) was brought in as a time-bound solution to the problem of interminable winding-up proceedings. It provides for strict timelines to complete the resolution process, even as the company keeps its business running. However, adherence to timelines has proved challenging in practice. We are looking at an average of…
The number of businesses going bust in Scotland has risen as firms continue to face challenges amid a tough economic climate. According to the latest figures from Accountants in Bankruptcy (AiB) – Scotland’s insolvency service – there were 1,175 corporate insolvencies in the year 2024-2025, an increase from the previous year’s figure of figure of 1,168.…
By JOHN-PAUL FORD ROJAS Updated: 06:51 AEST, 26 April 2025 Britain could be ‘hurtling towards a new wave of business insolvencies’ as tariff turmoil and higher taxes batter firms. Official figures yesterday showed the number of companies going bust rose by 9 per cent to nearly 2,000 last month. And a report from restructuring firm…
Court declares Sam Buthelezi insolvent IOL Read the original article here
Nearly one-tenth more companies went insolvent in England and Wales in March than the same time last year, according to new figures. The number of registered firms that went bust was 1,992 last month, according to the Insolvency Service, a 2% fall compared with February but a 9% increase compared with March 2024. Creditors’ voluntary…
Insolvency wave to batter Britain as tariffs and higher taxes hit firms This is Money Read the original article here
French firearms manufacturer Verney-Carron, which had a contract to supply Ukraine with assault rifles, has declared bankruptcy, according to its parent company, CYBERGUN. The company has stopped paying wages and suspended production due to a complete freeze on its finances. Verney-Carron, which has a two-century history, currently holds a debt of €1 million. Despite receiving…
Big Companies Went Bankrupt at Fastest Pace Since 2010, S&P Says Bloomberg.com Read the original article here
Stars who went bankrupt despite big hits Times of India Read the original article here
Michael Jordan’s Chicago Bulls dominated the NBA in the 1990s. Scottie Pippen, Dennis Rodman, Toni Kukoc, Steve Kerr, John Paxson, and others helped His Airness on his way to basketball immortality. 6 Caffey won two championships with the BullsCredit: Getty Jason Caffey was also part of the dynastic Bulls, winning two of the Bulls’ six…