Sri Lanka’s Hela Apparel files for liquidation – EconomyNext
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Restructuring & Insolvency Laws and Regulations Report 2025
You are viewing an archived edition. Overview 1.1 Where would you place your jurisdiction on the spectrum of debtor- to creditor-friendly jurisdictions? In India, the principal statute dealing with Insolvency and Bankruptcy proceedings is the Insolvency and Bankruptcy Code, 2016 (“Code”). The Code provides for a creditor in a control regime where the financial creditors…
MHA’s Zaneta passes key insolvency exam
MHA Restructuring and Recovery Manager Zaneta Resiak has passed one of the most demanding professional exams in the insolvency field. She successfully completed the Personal Insolvency paper of the Joint Insolvency Examination Board (JIEB) – one of two standalone papers candidates must pass to become a licensed insolvency practitioner. Zaneta is now preparing to sit the…
Five Zeros Supercars enters liquidation after repossession
According to filings in the London Gazette from August 3, Five Zeros Supercars Ltd will be folded as a company. The advertisement states Molly Monks of Parker Walsh was appointed Liquidator of the Company by the Secretary of State on July 17. David Bush, the founder and director of Five Zeros Supercars Ltd, declined to comment…
Scottish road haulage company collapses into liquidation
A petition was presented to Paisley Sheriff Court for HMRC in relation to AllAbout Transport Limited, listed at Manse Court. It called for the company to be wound up and for a liquidator to be appointed. Scottish road haulage company collapses into liquidation (Image: Getty Images) James Stephen, of BDO, was appointed liquidator, documents show. The…
Barry motor trade company enters voluntary liquidation
Easy Fleet Limited, based in Barry, entered the process following resolutions passed at a general meeting held on June 16 in Cardiff. The company was based at Unit 10 Palmerston Workshops and operated in the motor trade sector. During the meeting, members approved a special resolution to “wound up voluntarily” and appointed Katrina Orum and…
UK demolition company enters administration after 23 years
Forshaw Demolition is a family-owned business that has operated for 23 years and boasts more than 80 years of combined experience. It provides services such as asbestos removal, industrial decommissioning, and the dismantling of concrete and steel structures, including road and rail bridges. The company also delivers residential, city centre, and high-rise demolition projects. The…
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Winding-up order filed by liquidator for Patten Arms Hotel
An official winding-up order notice has been published on The Gazette, the UK’s official public record, for Patten Arms Hotel Ltd. Registered to Parker Street in Warrington, the High Court of Justice notice was filed on July 22 and now appears on The Gazette following a winding-up petition on June 5. Located opposite Bank Quay…
Head of Oxfordshire bakery firm speaks out amid liquidation
Fraser Jones, the director of Barefoot Oxford, has made clear that all its shops are staying open and there will be no job losses, as the company ‘streamlines’. This process has seen Barefoot Oxford Limited go into liquidation with liquidators from JT Maxwell Ltd appointed on July 29. A resolution to wind up the company…