Dundee pub firm liquidated owing taxman £140,000 – The Courier
Dundee pub firm liquidated owing taxman £140,000 The Courier Read the original article here
Aussie building company collapses owing $3 million and homes left unfinished: ‘Going to be bad’
Clarke Homes has been entered into administration and owes more than $3 million to creditors. (Source: Facebook) Significant concerns for the construction industry have been raised after another Australian building company collapsed. Clarke Homes, which is based on the NSW Central Coast, was plunged into administration this week after a meeting with creditors. It owes…
Australian surf retailer collapses as Nike takes it to court over $237,000 debt claim
The world’s largest sportswear company will be in court next week as it seeks nearly $250,000 it claims it is owed by a collapsed Australian surf retailer. SurfStitch, which touts itself as the country’s number one online surf and fashion store, fell into administration earlier this month after Nike Australia filed a winding up order…
Inventis Limited Places Furniture Division into Voluntary Administration Amid Strategic Shifts – TipRanks
Inventis Limited Places Furniture Division into Voluntary Administration Amid Strategic Shifts TipRanks Read the original article here
Solid as steel: the insolvency implications of rigorous reforms to Victoria's building laws – Lexology
Solid as steel: the insolvency implications of rigorous reforms to Victoria’s building laws Lexology Read the original article here
European corporate distress index rises to nine-month high, Weil index shows – Global Banking | Finance | Review
European corporate distress index rises to nine-month high, Weil index shows Global Banking | Finance | Review Read the original article here
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JSW Steel seeks ‘open hearing’ in BPSL liquidation review plea
New Delhi: JSW Steel has transformed Bhushan Power & Steel Ltd (BPSL) into a viable and going concern after acquiring it out of bankruptcy in 2021, and its liquidation would have adverse ramifications on all stakeholders, the Sajjan Jindal-led steelmaker and BPSL’s lenders told the Supreme Court. They also sought an ‘open court’ hearing of…
JSW Steel files review petition against Supreme Court verdict directing liquidation of Bhushan Power
The Court erred in holding its resolution plan as non-compliant with Sections 30(2) and 31(2) of the Insolvency and Bankruptcy Code, leading to an erroneous rejection of the plan, it has been stated. The company has also alleged that there was a violation of principles of natural justice. According to the petition, JSW was not…
Germany sees highest corporate bankruptcy rate in a decade: report
Corporate bankruptcies in Germany were at their highest level in a decade in the first half of 2025, as firms in Europe’s largest economy struggle with weak demand, rising costs and uncertainty, a study by economic tracking agency Creditreform has showed. Some 11,900 corporate insolvencies were registered in the first six months of this year,…