A UK-based restaurant firm has collapsed into liquidation following court action by His Majesty’s Revenue and Customs (HMRC). Laila Edinburgh Limited, which ran two hospitality sites in the Scottish capital, was wound up in April after accruing significant debts. The firm’s 2025 accounts showed that it was £100,500 in the red, rising from £81,000 the…
Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA The company overseeing $75 million in investments for a host of high-profile names, including Collingwood legend Scott Pendlebury, has been ordered into liquidation at the request of an investor. The collapse comes as shareholders in…
Liquidation grocery stores are booming as appetite for food deals soars thecanadianpressnews.ca Read the original article here
Haulage firm based near Huntingdon falls into liquidation Peterborough Telegraph Read the original article here
The Privy Council has dismissed two connected appeals in Manhattan Coffee Investment Holding (in liquidation) v Stephen Mbugua Mwagiru [2026] UKPC 21, clarifying the circumstances in which a person other than a liquidator may be authorised to bring or continue proceedings in the name of a company in liquidation. The judgement, delivered on 14 May…
A SCOTTISH whisky company has collapsed into liquidation, plunging thousands of cask investors into uncertainty. Edinburgh-based Whisky Merchants Trading Limited was placed into liquidation by administrators Griffins after an estimated £80 million was raised from investors across the company’s brands. Administrators said the collapse of the firm had left “thousands of global customers uncertain of…
A UK clothing manufacturer is the latest business to close for good, with all its employees laid off in another blow to the economy. Aberdeen-based North East Rig Out has fallen into liquidation after 40 years of business, with the firm’s remaining eight workers having been made redundant. The clothing manufacturer specialised in workwear, school…
The Supreme Court of India, while deciding a batch of appeals involving ICICI Bank and SBI, held that simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings against a principal debtor and its corporate guarantor are maintainable under the Insolvency and BankruptcyCode (IBC), 2016. The appeals arose from conflicting orders by the NCLAT and NCLT regarding the…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…