Reliance Infrastructure Ltd. (RInfra) on Friday said the National Company Law Appellate Tribunal (NCLAT), New Delhi stayed insolvency order against the company. On June 4, NCLAT had suspended the National Company Law Tribunal (NCLT), Mumbai’s insolvency order against RInfra after the company settled its dues to its creditors. On May 30, NCLT, Mumbai bench had…
Builder.ai hit with winding up petition by PR firm over unpaid debt Sifted Read the original article here
Company insolvencies in England and Wales fall Just in: the number of companies in England and Wales falling into insolvency dropped last month. The Insolvency Service has reported that there were 2,043 registered company insolvencies in England and Wales in June, 8% lower than in May 2025 (2,230) and 16% lower than in June 2024,…
This week’s company insolvency statistics show accommodation and food services insolvencies rose 6% from 277 in April 2025 to 295 in May 2025, reaching the highest monthly figure since November 2024. Insolvencies in the sector were also up 4% year-on-year. Saxon Moseley, partner and head of leisure and hospitality at RSM UK, said, “Today’s figures…
Scottish company insolvencies fell by 4% in June 2025 compared to the previous year, with 105 firms collapsing. Experts have warned this may only be a temporary reprieve and a challenging economic climate. The monthly total comprised 62 creditors’ voluntary liquidations, 37 compulsory liquidations, five administrations, and one company voluntary arrangement. Over the 12 months…
Company insolvencies in England and Wales fall Just in: the number of companies in England and Wales falling into insolvency dropped last month. The Insolvency Service has reported that there were 2,043 registered company insolvencies in England and Wales in June, 8% lower than in May 2025 (2,230) and 16% lower than in June 2024,…
The number of UK companies falling into insolvency dropped sharply in June, offering a moment of respite for businesses after months of economic turbulence. But experts have warned that the decline may be only temporary, with ongoing pressures threatening a renewed wave of financial distress later this year. According to the Insolvency Service, there were…
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Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options. Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to operate normally as the sale progresses. “After a thorough evaluation…
The National Company Law Appellate Tribunal (NCLAT) has stayed an earlier NCLT order that had directed insolvency proceedings against Reliance Infrastructure. The case was initiated following a plea by IDBI Trusteeship, which alleged a default of around ₹90 crore by the Anil Ambani-led company. However, Reliance Infrastructure informed the appellate tribunal that all outstanding dues,…