Rajeswari Infrastructure Reports Q1FY25 Results Post CIRP Resolution – scanx.trade
Rajeswari Infrastructure Reports Q1FY25 Results Post CIRP Resolution scanx.trade Read the original article here
Sporting elite, including Scott Pendlebury, facing losses as $75m trust collapses
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…
Mattress maker plunges into administration after 126 years despite supplying 10,000 a week
A.H. Beard has entered voluntary administration after more than 125 years in business, in a move that has been described as a “sad day for the industry” A mattress maker has plunged into administration(Image: Getty) A century-old Australian family-owned mattress manufacturer has gone into voluntary administration in a development that has been labelled a “sad…
All flights cancelled as airline collapses in liquidation with jobs lost – Oxford Mail
All flights cancelled as airline collapses in liquidation with jobs lost Oxford Mail Read the original article here
4 airlines plummet into administration or liquidation – all flights cancelled | World | News
Four airlines have now plummeted into administration or liquidation in 2026 so far, with every single one of their flights cancelled as a result. Today, Sprint became the latest casualty of the turbulence in the travel sector. Sprint Airlines has announced an immediate shutdown, with all flights cancelled, after it failed to secure a rescue…
Man charged after Peter Kay show evacuated over ‘bomb hoax’
Comedian Peter Kay was ushered off stage mid-performance at the Utilita Arena in Birmingham and the show was halted on Friday evening with an evacuation of the audience Olivia Bridge Reporter in Live News Network and Emma O’Neill Content Editor 21:42, 02 May 2026Updated 21:49, 02 May 2026 (Image: Steve Aspinall/PA Wire) A man has…
Spirit Airlines shuts down: How to protect yourself if your airline goes under
Spirit Airlines, the eighth-largest U.S. airline carrier that shook up the budget travel industry, is shutting down its operations after 34 years, leaving passengers scrambling. “It is with great disappointment that on May 2, 2026, Spirit Airlines started an orderly wind-down of our operations, effective immediately,” the company wrote in a statement on its website.…
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BGR Energy: NCLAT Stays CIRP Order, Proceedings Halted Pending Settlement
BGR Energy Systems’ Corporate Insolvency Resolution Process (CIRP) is now stayed following a National Company Law Appellate Tribunal (NCLAT) order, suspending the April 17, 2026, National Company Law Tribunal (NCLT) admission. The default amount cited was Rs. 584.67 crore. Reader Takeaway: NCLAT stay averts immediate CIRP; settlement talks hold key to final resolution. What just…
Simultaneous Insolvency Against Borrower and Guarantor Permissible: NCLT Admits Axis Bank’s ₹5.7 Crore Plea Against IMOST Academy [Read Order]
The National Company LawTribunal (NCLT), Kochi Bench, has held that insolvency proceedings can be initiated simultaneously against both borrower and guarantor, while admitting Axis Bank Ltd’s petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against IMOST Academy (India) Private Limited over a ₹5.7 crore loan default. IMOST Academy, a privately owned educational institution in Ernakulam, Kerala, had availed…