A dealership praised by customers for its “five-star service” and “hassle-free” experience is facing a legal battle for survival after an industry creditor issued a winding-up petition. RA Motors (Bolton) Limited, a used car dealer based on Rossini Street in Bolton, has been served with a winding-up petition, signalling a potential end for the firm…
One of the firm’s Warwickshire venues is the Peacock in Oxhill (Image: Wolf Club Collective) A UK pub firm was nearly £800,000 in debt when it was liquidated, a report has revealed. Its owner insists that the situation is a success story, as the firm’s venues remain open. The Express reported earlier this month that…
Darlington-headquartered insolvency specialist Business Rescue Expert has entered its next phase of expansion. The firm has launched Turnaround & Restructuring Expert – a specialist division to help SMEs under pressure navigate challenges earlier and secure their future. Business Rescue Expert (BRE) is part of Robson Scott Associates, an independent insolvency group specialising in business rescue…
The Supreme Court of India, in its judgment dated April 29, 2026, in Shankar Khandelwal v. Omkara Asset Reconstruction Pvt. Ltd. & Anr. [(2026) INSC 429], delivered a significant ruling on the interplay between the Insolvency and Bankruptcy Code, 2016 and the Limitation Act, 1963, specifically addressing whether the admission of a claim by an…
Synairgen progresses wind-down, targets liquidation this year By Investing.com Investing.com Canada Read the original article here
Manchester-based financial advice firm LCM Family Limited (FRN: 227651) has entered administration following agreeing to a voluntary requirement with the FCA. LCM agreed to the voluntary agreement on 14 April. The firm was formerly known as LCM Wealth Management and SPH 225 Limited. LCM has been authorised by the FCA since it was founded in…
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Synopsis: Reliance Power has come under pressure after the US Export-Import Bank filed an insolvency application over a $165 million debt linked to its subsidiary. The company, however, has strongly contested the claim, stating that the debt is not due and is already under arbitration. Reliance Power Ltd, part of the Anil Ambani-led group, is…
PS IT Infrastructure & Services Limited Admitted to Insolvency Proceedings by NCLT Mumbai scanx.trade Read the original article here