A British airline has collapsed into liquidation following a reported attempt to raise £20million. Scottish firm Ecojet Airlines had been heralded as the world’s first all-electric airline, established in 2023 by entrepreneur Dale Vince, a prominent Labour donor and owner of Forest Green Rovers football club. The airline harboured ambitious plans for long-haul flights and…
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The Insolvency and Bankruptcy Code (Amendment) Act, 2026 marks a significant evolution in India’s insolvency framework, promising faster resolutions and improved efficiency. But a key question remains: do these changes meaningfully benefit debtors and smaller stakeholders such as MSMEs, suppliers, and employees? According to Saloni Kothari, Partner and Group General Counsel at BDO India, the answer is nuanced. The amendments do offer…
Project-Level Insolvency Mandated The National Company Law Appellate Tribunal (NCLAT) has ruled that insolvency proceedings initiated by homebuyers against real estate firms must be strictly confined to the specific project where a financial default has occurred. This tribunal’s clarification prevents a single project’s distress from triggering legal action against an entire corporate group’s unrelated assets.…
The National Company Law Appellate Tribunal (NCLAT) has ruled that insolvency proceedings initiated by homebuyers against realty firms should be confined to the specific project in default. This decision aims to protect the interests of homebuyers and stakeholders involved in unrelated projects who might otherwise be adversely affected. The judgment was delivered in an…
Baron Infotech Limited Concludes 22nd Committee of Creditors Meeting with Resolution Plan Review scanx.trade Read the original article here
Forty jobs and the future of three village pubs have been saved. The Yew Tree in Avon Dassett, The Peacock in Oxhill and The Cherington in Cherington will continue after a pre-packaged sale via liquidation rescued the business. The Happy Wolf Pub Company Ltd was placed into voluntary liquidation after a company meeting on 30th…
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REVEALED: Latest business liquidations in Moreton Bay The Courier Mail Read the original article here
Construction work at the site stopped earlier this year The Brewery Yard development at the former Kimberley Brewery in Nottinghamshire(Image: Joseph Raynor/ Reach PLC) A Nottinghamshire housebuilder has been forced into liquidation by HMRC after its bank took control of its stopped development. Fairgrove Investments Ltd, which had been building houses at the former Hardys…