‘As bad as it gets’: hospitality sector bears brunt of insolvencies – The Australian
‘As bad as it gets’: hospitality sector bears brunt of insolvencies The Australian Read the original article here
India’s Coffee Day jumps after appellate court quashes insolvency process — TradingView News
** Shares of Coffee Day Enterprises COFFEEDAY rise to an exchange-allowed maximum of 20% to 25.5 rupees after National Company Law Appellate Tribunal sets aside insolvency process initiated against the coffee chain ** Stock exchanges last year suspended trading of co’s shares under additional surveillance measures as part of the Insolvency and Bankruptcy Code **…
Indian payments firm AGS Transact Technologies faces insolvency over alleged unpaid dues
AGS Transact defaulted on dues totalling 7.26 billion rupees Crisil downgraded stock on February 4, India Ratings on February 5 Shares slump 62.4% since February 4, hit record low MUMBAI, March 3 (Reuters) – Indian payments services firm AGS Transact Technologies said on Saturday that a creditor plans to initiate insolvency proceedings against the company…
Insolvency firm’s advice for small business directors
A director at a Bournemouth insolvency firm has shared advice for directors of small companies. Elaine Wilkins, from Antony Batty & Company, said directors often find themselves in a cycle of liquidation and business restart. She said: “‘What am I going to do for work if I have to liquidate my company?’ is a question…
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This Tenant stays in Mumbai from Mon-Friday, goes Home on Weekend | The Tenant In this episode of The Tenant, meet a Mumbai professional who spends ₹40,000 per month just to avoid a long daily commute! His 1BHK in Nahur is his “transit home” for weekdays, while he moves to his real home in Badlapur…
Business behind Billabong, Quiksilver files for bankruptcy in US
Australian magnate Dick Smith has issued a grim warning for the future of iconic Billabong and Quiksilver, and outlined the key mistake made as the US firm selling the iconic surfwear files for bankruptcy. Liberated Brands makes and sells Australian-founded surfwear brands Billabong, Quiksilver and Roxy, and will close 120 stores in the US and…
Coffee Day Enterprises hits 20% upper circuit as NCLAT sets aside insolvency proceedings
Shares of Coffee Day Enterprises Ltd (CDEL) surged to their 20 percent upper circuit limit of ₹25.65 in intra-day trading on Monday, March 3, after the National Company Law Appellate Tribunal (NCLAT) dismissed insolvency proceedings against the company. The case, filed by IDBI Trusteeship Services over an alleged ₹228 crore default, was set aside by…
A Turkish steel company is a potential buyer of Liberty Steel Dudelange
The Luxembourg plant is preparing for a new owner, awaiting the resumption of production The bankrupt Liberty Steel Dudelange steel plant in Luxembourg has found a potential buyer, Kallanish reports, citing informed sources. The asset manager has informed the trade unions that an agreement has been reached with the new owner, which, according to preliminary…
Coface: Over 7,200 new insolvency proceedings opened in Romania in 2024, 9.38% more YoY
The latest study conducted by Coface Romania revealed that 7,274 new insolvency proceedings were opened in 2024, compared to 6,650 in 2023, marking a 9.38% increase. Among companies with a turnover above EUR 5 million, there was a 75% rise in insolvencies last year. Denied payment instruments have increased both in value (+30%) and number…
Why Lottie London collapsed into administration and what’s next
Lottie London and its partner company Brand Agency collapsed into administration in January, with the future of the Charlotte Knight-founded make-up brand remaining unclear. The company filed for insolvency on 9 January, with Geoffrey Paul Rowley and Anthony John Wright from FRP Advisory being appointed as administrators on 15 January. Lottie…