All eight jobs were lost with the collapse of North East Rig Out (Aberdeen) Limited, which had operated for over 40 years. Scottish clothing manufacturer collapses with all jobs lost. (Image: Getty Images) It worked across sectors including oil, gas and energy, construction, engineering, automotive, aviation, shipping and transportation, government, military and retail and services.…
To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a…
A number of UK kitchen companies have faced difficulties despite earlier success, including one that was among the UK’s largest independent wholesale distributors of kitchens and bathrooms 15:44, 17 May 2026Updated 15:44, 17 May 2026 Kitchen businesses have encountered challenges in recent years(Image: Getty) As businesses ranging from high street eateries to airlines tumble into…
Silvergate Capital is winding down after the crypto banking crisis. What do current developments mean for the remaining stock and for investors watching the case from the US and Europe? Silvergate Capital, once a prominent US banking partner for crypto exchanges and institutional investors, is in voluntary liquidation after severe stress during the 2023 crypto…
A Cambridgeshire haulage and courier business has collapsed into voluntary liquidation, leaving behind debts of more than £774,000 and a trail of unpaid suppliers, subcontractors and tax liabilities across the transport sector. S Peacock & Son Ltd, trading as John Smith Haulage, formally entered insolvency after directors Steve and Michelle Peacock placed the family-run company…
NCLAT overturned NCLT’s earlier order What’s the story The National Company Law Appellate Tribunal (NCLAT) has approved separate insolvency proceedings for two entities of the Videocon group: Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL). The decision comes after overturning an earlier order by the… Read the original article here
Realty developer Parsvnath Developers has been admitted into corporate insolvency resolution process (CIRP) by the National Company Law Tribunal (NCLT), New Delhi Bench, after a prolonged legal and financial battle with lender Sammaan Capital and subsequently Asset Reconstruction Company India Limited (ARCIL). The insolvency proceedings stem from a Section 7 petition filed by Sammaan Capital,…
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Supreme Housing Faces Insolvency as NCLT Admits Canara Bank’s Rs 567 Cr Claim The National Company Law Tribunal (NCLT) has formally admitted Canara Bank’s insolvency petition against Supreme Housing and Hospitality Private Limited. The claim totals Rs 567.43 crore, including Rs 175.83 crore in principal and Rs 391.60 crore in interest as of October 31,…
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