Suspended HDIL director Rakesh Kumar Wadhawan has strongly opposed the admission of a ₹1,709.69 crore claim by Suraksha Asset Reconstruction Company (ARC) in the company’s insolvency process, calling it unlawful and alleging fraud. In a letter dated June 1 to Resolution Professional (RP) Abhay Manudhane, Wadhawan demanded immediate revocation of the claim and threatened legal…
Company insolvencies in England and Wales rise 8% in May Accountancy Today Read the original article here
The number of companies going bust across the UK increased last month after firms swallowed increased costs, according to figures. Official data from the Insolvency Service showed there were 2,238 company insolvencies in England and Wales in May. This was 8% jump compared with April, and 15% higher than the same month last year. The…
In February, the Commission hosted its free online event with representatives from the Fair Work Ombudsman, “Navigating Casual Employment”. Attendees left with a better understanding of how to manage casual staff effectively and ensure their business remains compliant. If you were unable to attend, information about changes to casual employment can be found on the…
Published: 20 Jun. 2025, 16:00 A Homeplus store in Incheon on May 27 [NEWS1] Homeplus, which is currently under court receivership, is seeking a new owner. The Seoul Bankruptcy Court granted permission Friday for a “prepackaged M&A,” or merger and acquisition, before the court approves a rehabilitation plan… Read the original article here
KATO WORKS Waives Claims Amid Subsidiary Liquidation in China TipRanks Read the original article here
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The ongoing saga surrounding Victoria’s Esoteric Festival this year has come to an unfortunate end, with the festival officially announcing its demise. According to a post shared on Facebook by Co-Founder and Director Sam Goldsmith this week, the festival officially entered voluntary administration as of June 11th. “This is by far the hardest thing Ive…
Man behind collapsed trucking firm bankrupted Stuff Read the original article here
The FCA confirmed that on 4 June 2025, the company ceased trading and entered liquidation, with Simon Farr and Tom Bowes of FRP Advisory Trading Limited appointed as joint liquidators. The regulator said it is working closely with them to ensure customers are supported through the transition. MNEL, which is authorised and regulated by the…