The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved the Resolution Plans for two projects of Housing Development and Infrastructure Limited (HDIL) — Vertical V – Project BKC (Slum Rehabilitation Project) and Vertical IX: Shahad Maharal Lands (Land parcel at Kalyan Shahad). In both the cases Adani Properties emerged as the successful…
A former Premier League and England youth team star has been declared bankrupt and could be forced to sell his £2 million mansion. Lee Clark, who made well over 200 appearances during his time at Newcastle United and also enjoyed spells at Sunderland and Fulham during a career that saw him win three second division…
Parent company of Prax, owner of UK’s Lindsey oil refinery, in administration Global Banking | Finance | Review Read the original article here
Case set up guidance for insolvency practitioners This page provides guidance for insolvency practitioners who need to set up a case with the Redundancy Payments Service (RPS) which is part of a government agency called the Insolvency Service. For businesses with employees in Northern Ireland, contact the Northern Ireland Insolvency Service. There is guidance for…
The owner of the Lindsey oil refinery has crashed into insolvency, putting hundreds of jobs at risk at the energy conglomerate behind the Lincolnshire site. Sky News has learnt that State Oil, the parent company of Prax Group, which has oilfield interests in the Shetlands and owns roughly 200 petrol stations, has been forced to…
Lindsey oil refinery owner Prax Group crashes into insolvency MSN Read the original article here
AROUND 400 jobs are at risk after the Lindsey oil refinery on Humberside, UK was placed into insolvency. The UK government has called for an immediate investigation into the directors’ conduct, while a trade union is urging swift government action. The refinery, which Prax bought from Total in 2021, filed for insolvency on 29 June.…
How Abengoa Group impacted the Spanish economy EY Read the original article here
UK’s Lindsey oil refinery in insolvency process Reuters Read the original article here
James Hickmann, founder of South Australian-based LED lighting and technology company Vailo, has been declared bankrupt by the Federal Circuit Court in Adelaide after failing to repay a $600,000 loan. The decision automatically disqualifies Hickmann from managing corporations or holding positions such as director of more than 50 of his companies, including Vailo. As reported…