The Court emphasized that creditors invoking the IBC must do so with a genuine intent to pursue revival of the corporate debtor. (AI image) The Supreme Court on 15.01.2026, clarified the scope of admission of insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), holding that once the existence of financial…
George Lafferty of BTG has been appointed provisional liquidator of Enterprise Foods Limited by Hamilton Sheriff Court on 18 March, following a petition by the company. The East Kilbride-based wholesale food supplier, which traded as Localist from its premises on Reynolds Avenue, had been in operation for 35 years and served as a vital link…
A UK holiday company that offered trips at home and abroad crashed into liquidation as it had close to £1 million in debts. Gold Crest Holidays offered coach holidays to destinations such as Disneyland Paris and the Cotswolds, as well as various European city breaks. After more than 30 years in business, the company entered…
The family business specialised in designing and manufacturing quality springs for a variety of industries and was passed down four generations Olivia Beeson UK & World News Reporter 06:00, 25 Mar 2026Updated 06:08, 25 Mar 2026 Charles Blyth & Co. Ltd has gone into administration(Image: Charles Blyth & Co. Ltd ) A historic business with…
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