German Corporate Insolvencies Surge to Decade-High Amid Economic Headwinds Rising Bankruptcy Rates and Economic Challenges in Germany Corporate Insolvency Statistics Reach Decade High BERLIN, March 13 (Reuters) – The total number of corporate bankruptcies in Germany rose to its highest level in more than a decade last year, according to data published by the federal…
Gracey Avenue sat on the city’s New Row for around two decades, but plummeting sales led owner Tracey Grayson to make a tough decision and close the doors for good. She told the Press back in January: “We just can’t survive any longer, because the government is pushing us out and making it impossible for…
The National Company Law Tribunal (NCLT) has ordered the liquidation of Hero Electric Vehicles Pvt. Ltd. after efforts to revive the company through the insolvency resolution process failed to produce an approved plan. The order was passed by the NCLT’s New Delhi Bench on March 3, 2026.The tribunal noted that no resolution proposal received the…
A popular hair salon, located in one of the UK’s biggest cities, has gone into liquidation. Art.Salon, in Birmingham, is a “premier women only hijab friendly luxury hair and beauty salon. A Corporate Insolvency notice has been posted to The Gazette for the business. On Treatwell, a review website for salons across the UK, customers…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…
The clock is ticking for embattled sugar giant Tongaat Hulett and the hundreds of thousands of people who depend on it. The company has two critical deadlines looming in April: the opening of its mills, and a court case to determine whether the company is placed in provisional liquidation. Tongaat head office stripped of expensive…
Hero Electric is headed for liquidation after the Committee of Creditors (CoC) failed to achieve the mandatory 66 percent majority required to approve a resolution plan under the Insolvency and Bankruptcy Code. The company’s insolvency journey began on December 20, 2024, following an application by operational creditor Metro Tyres Limited. CoC deadlocked at 50-50 split…
Franklin Global Trust enters liquidation, scheme approved Investing.com Australia Read the original article here
In the wake of Bluesfest’s 2026 event being cancelled, a liquidator has now been appointed to manage their financial obligations. Jimmy Barnes, Tommy Emmanuel @ Bluesfest 2024(Credit: BD Lewis) Bluesfest Alongside today’s unexpected announcement regarding the cancellation of Bluesfest, it has also now been confirmed that the Byron Bay festival has entered liquidation. In the…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…