Sussex Covid loan company directors ‘sleepwalking’ into disqualification – SussexWorld
Sussex Covid loan company directors ‘sleepwalking’ into disqualification SussexWorld Read the original article here
Bankruptcy Court admits Oban Fashions under insolvency resolution
The bankruptcy court in Mumbai has admitted Oban Fashions Pvt Ltd, a wholly-owned subsidiary of listed Knitwear brands Rupa & Co Ltd under the Corporate Insolvency Resolution Process (CIRP) in an application filed by its operational creditor Sunrise Knitting Mills Pvt Ltd. The Mumbai bench of the National Company Law Tribunal (NCLT) admitted the company…
Bankruptcy Court admits Oban Fashions under insolvency resolution
The bankruptcy court in Mumbai has admitted Oban Fashions Pvt Ltd, a wholly-owned subsidiary of listed Knitwear brands Rupa & Co Ltd under the Corporate Insolvency Resolution Process (CIRP) in an application filed by its operational creditor Sunrise Knitting Mills Pvt Ltd. The Mumbai bench of the National Company Law Tribunal (NCLT) admitted the company…
U.K. trade darling Stenn went from $900 million to insolvency in days – Fortune
U.K. trade darling Stenn went from $900 million to insolvency in days Fortune Read the original article here
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UK Trade Darling Stenn Went from $900 Million to Insolvency in Days
(Bloomberg) — Greg Karpovsky, the founder of Stenn Technologies who was once feted by some of the biggest players on Wall Street, had suddenly gone quiet. Karpovsky, 45, said little on a Dec. 4 call with his 250-odd staff as they learned that his trade-finance business — valued at almost $1 billion just two years…
Judicial liquidation of a company kicks off a series of measures aimed at protecting creditors
A judicial liquidation is aimed at protecting creditors and is done by a collective procedure. This was held in a judgment given by Mr Justice Ian Spiteri Bailey in Dr Michael Psaila noe vs X before the Civil Court in its commercial jurisdiction. Dr Psaila was representing a BVI company, Mediterranean Overseas Holding Limited and…
Can BBC Dragon Sara Davies MBE save Crafter’s Companion?
RetailDeals BBC Dragon Sara Davies MBE is set to step in and rescue Crafter’s Companion after its directors called in administrators – but can she turn the business around? Davies, who returns for series 22 of Dragons’ Den this Thursday, hopes to save 100 jobs at the Durham firm she founded as student two decades…
Woking council declares bankruptcy with £1.2bn deficit | Local politics
Woking council has declared it is in effect bankrupt after admitting a risky investment spree involving hotels and skyscrapers overseen by its former Conservative administration had left it facing a deficit of £1.2bn. In what is thought to be the biggest financial failure in local government history, the Surrey council said it had issued a…
Record number of jobs lost to due bankruptcies in 2024
In all three regions saw an increase in the number of companies being declared bankrupt in 2024. – In Flanders there was a record number of bankruptcies for the second year running: 6,674. This is 5.49% more than in 2023. – In Brussels, a total of 1,969 companies were declared bankrupt, a rise of 15.08%…