Stats released today by The Insolvency Service unveiled a 2% decrease in company insolvencies in March compared to the month before, yet remain 9% higher than in March 2024. Despite company insolvencies falling in March, they remain much higher than last year, with the construction sector taking the brunt of the pain. If recession is…
The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by the BCCI and Riju Raveendran, brother of Byju Raveendran, seeking withdrawal of insolvency proceedings against Byju’s and to consider the settlement between the beleaguered edtech company and the BCCI. They had challenged the order passed by the Bengaluru bench of the…
Retirement home in Ganshoren declared bankrupt The Brussels Times Read the original article here
Exotifruit EU declared bankrupt FreshPlaza Read the original article here
The corporate debtor may be sold as a going concern or its assets may be sold after liquidation The Calcutta High Court has held that in light of the bar under Section 33(5) of the Insolvency and Bankruptcy Code, 2016 (Code), all proceedings, including those that were ongoing at the time of the order, under…
Plymouth company with links to royal family collapses business-live.co.uk Read the original article here
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Latest annual data analysis by the Accountant in Bankruptcy has shown that there were 1,175 corporate insolvencies in the year 2024-2025. This was a slight increase of 0.6% from 2023-2024’s figure of 1,168, and an increase of 3.8% on 2022-2023’s figure of 1,132. Commenting on the data, Tim Cooper, President of insolvency and restructuring trade…
8. “Life changes at the drop of a dime. I went from a nice-paying job to going through my first job loss during a company restructure in COVID to being unable to find work and having to resort to serving at a restaurant and doing delivery apps. The restaurant went bankrupt.” “I got a temp…
Brighton’s GAK – a pillar of the UK music retail industry – has faced weeks of speculation after closing its store and shutting down its website in March. As rumours of the retailer’s fate swirled, industry spectators spotted a listing on UK business marketplace Business Sale Report, advertising a “Musical Instrument Retailer and Supplier” seeking…