Business failures on the rise in England and Wales – business-live.co.uk
Business failures on the rise in England and Wales business-live.co.uk Read the original article here
Scarp is a solid and much-needed tool
Crowe Ireland has noted a significant number of distressed companies seeking advice as to whether the Small Company Administrative Rescue Process (Scarp) could be used to reduce their liabilities and resize their balance sheet, so the restructured operation can become a going concern again. “We adopt an approach where we will quickly establish from consultation…
Supercars news: Liquidation reveals VAILO Adelaide race debt
VAILO is in liquidation. Image: InSyde Media According to a report in the Adelaide Advertiser, VAILO – which went into receivership back in March – now has Liquidator Robert Hutson of KordaMentha seeking debts owed to parties, while a seperate Supreme Court wind up order has been made with Robert Ferguson from Ferguson Hannam. This…
Glastonbury Festival glampers ticketless after company goes bust
Glastonbury Festival said Yurtel was one of a small number of campsites local to Worthy Farm with limited access to purchase hospitality tickets for their guests in certain circumstances. “As such we have no records of their bookings and are unable to take any responsibility for the services and the facilities they offer,” the festival…
Death By Thousand Cuts: How Indias Insolvency Regime Fails MSMEs – NDTV Profit
Death By Thousand Cuts: How Indias Insolvency Regime Fails MSMEs NDTV Profit Read the original article here
As corporate insolvencies hit 2025 high, full impact of current economic uncertainty yet to be felt, says R3 Midlands
Rising costs and ongoing economic and political uncertainty are continuing to drive corporate insolvencies upward, while an increasing number of local entrepreneurs are seeking insolvency and restructuring advice and considering the future of their businesses. This is according to the Midlands branch of the UK’s insolvency and restructuring trade body R3 and comes on the…
Interim Resolution Professional Can Take Possession of Assets Owned by Corporate Debtor: NCLAT – Taxscan
Interim Resolution Professional Can Take Possession of Assets Owned by Corporate Debtor: NCLAT Taxscan Read the original article here
IREDA Files Insolvency Application Against Gensol Engineering Ltd for ₹510 Crore Default
The Indian Renewable Energy Development Agency Ltd (IREDA) has filed an insolvency application against Gensol Engineering Ltd, citing a default of ₹510 crore. The state-owned green energy financier submitted the application on Wednesday under Section 7 of the Insolvency and Bankruptcy Code, 2016, according to a stock exchange filing. Section 7 of the IBC empowers…
KTM Narrowly Avoids Liquidation Thanks To €600M Lifeline – ADV Pulse
KTM Narrowly Avoids Liquidation Thanks To €600M Lifeline ADV Pulse Read the original article here
Pashupati Dairies admitted into CIRP by NCLT Delhi
The National Company Law Tribunal (NCLT), New Delhi Bench (Court-VI), has admitted an insolvency petition against M/s Pashupati Dairies Private Limited, initiating the Corporate Insolvency Resolution Process (CIRP) on May 19, 2025. The petition, filed by Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeks to recover a default amount…