He was a billionaire, then a bankrupt and now Nathan Tinkler is back again with a deal to become executive chairman of ASX-listed mining aspirant White Energy. Tinkler was announced on Friday as the next executive chairman of White, based on expectations the micro-cap company would successfully raise $15 million to buy a private company…
Our Bureau Ahmedabad India’s largest private ports operator, Adani Ports and Special Economic Zone (APSEZ), announced on Thursday that it will acquire 100% stake in Jaypee Fertilizers & Industries Ltd (JFIL) from Jaiprakash Associates Limited for ₹1,500 crore. The deal is part of the National Company Law Tribunal (NCLT)-approved insolvency resolution plan for Jaiprakash Associates.…
A Lancaster construction director who had spent autumn watching his company’s cash flow tighten, his HMRC arrears climb, and his accountant’s advice grow increasingly bleak, hadn’t slept in months. By December, James had accepted the reality many UK directors facing insolvency eventually confront behind closed doors: after eleven years of building the business, it could…
The family-run AA Carpets and Furnishings confirmed in April that it would be entering insolvency, writing on social media: “We recognise this will impact our customers, partners, and employees, and we sincerely apologise for any disruption caused.” Documents show that the firm has formally entered a Creditors’ Voluntary Liquidation, with Armstrong Watson appointed on May…
Leading UK charity in liquidation with £430,000 owed and jobs lost Oxford Mail Read the original article here
The directors of failed $122.5 million Lion Property Group, Garry Pesochinsky and John Sader, have both been declared personally bankrupt. Filings with the bankruptcy register show shows Garry Pesochinsky, 48, was registered as a bankrupt on 27 April; and John Sader, 46, was declared bankrupt on 10 March. The filings with the National Personal Insolvency…
The glamour associated with Bollywood attracts people from every strata of society as it is believed that if you make it in the movies, you will be swimming in riches; but, despite being the most successful star, one’s fortunes can turn overnight, and they can lose it all. And the same happened with the yesteryear…
The electric car industry was, for a little while there, the new gold rush. It was relatively easy to get public or private funding for promising battery-powered vehicles like the Fisker Ocean, infrastructure support was growing, and investors were terrified of being left out of the next big thing. In retrospect, it’s obvious that this…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Lucien Ekamba-Elombe criminal actions were said to be ‘calculated, persistent and wide-ranging’ Lucien Ekamba-Elombe was sentenced for a string of offences including Covid fraud, flouting director disqualifications and running a phoenix company while bankrupt.(Image: Northumbria Police) A recruitment consultant from the West End of Newcastle has been sentenced for various offences including Covid fraud, flouting…