August 28, 2026 — 7:37pm Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA The Western Sydney Wanderers’ sponsorship agreement with a collapsed developer has been terminated, as staff at the company are stood down without pay and the state government remains unconvinced about…
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The Mechanics of Corporate Insolvency Over 33,000 corporate executives across France found themselves forcefully ejected from their leadership roles during the first six months of 2026, exposing deep structural fractures within the European Union’s second-largest economy. This staggering figure represents a severe 7 percent year-on-year surge in executive unemployment, confirming that the cascading pressures of…
NEW DELHI, Aug 27: The National Company Law Tribunal’s approval of a repayment plan for Essel Group founder Subhash Chandra does not mean banks have written off 99.97 per cent of Rs 22,000 crore in loans, sources said, citing the insolvency court’s order. The Rs 22,006 crore figure represents claims admitted against Chandra in his…
The National Company Law Tribunal (NCLT) has approved a repayment plan in Zee Group founder Subhash Chandra’s personal insolvency case, letting him settle admitted claims of Rs 22,006 crore by paying just Rs 6.25 crore. The order has drawn sharply different reactions: dissenting lenders call the payout unviable, government sources say the widely reported haircut…
The liquidation of Fish and Forest Ltd in Grape Lane follows that of top York restaurant chain Frango Eduardo Ltd, owned by Ted Hustler, which has also entered liquidation and restructured to save its constituent businesses and staff jobs in recent weeks. Stephen Andrews stresses the Michelin-listed Fish and Forest is also trading under new…
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Simon Thomas, 38, provided incorrect turnover figures in order to access a greater loan, according to the Insolvency Service. He has now been disqualified and the company, Evergene Ltd, has been liquidated. During the Covid pandemic, the previous government introduced the BBL scheme to help companies try to survive. The terms of the scheme were…
Flip Out, based in the Mortimer Trading Estate, shut its doors on June 17 after a spokesperson said they had exhausted every option possible to keep the business going, but rising costs and historic debt had taken over. The company behind the park, Jump House Hereford Limited, has since entered creditors’ voluntary liquidation. A statement…
Thursday, August 27, 2026 • 3 min read The High Court has dismissed a woman’s bid to have the firm she jointly owns with her estranged husband wound up. A judge ruled that a failed marriage alone cannot justify liquidating a financially healthy company, stressing the separation between personal… Read the original article here