Founder warns PE model flawed as Clyde Munro parent enters liquidation under BDO administrators

Clive Schmulian – Founder of Clyde Dental Practice Beatty Topco Limited, the holding company for major Scottish dental organisation Clyde Munro Group Limited and Clyde Dental Practice Ltd, has entered voluntary liquidation with BDO appointed as administrators. Despite the financial collapse, patient care will remain uninterrupted, with the 65-practice network across Scotland continuing to operate…

March 2025 | PDF print issue archive

Cracking the code Despite negatives, the IBC’s processes have matured Prominent voices such as the former governor of the Reserve Bank of India (RBI), Shaktikanta Das, have raised concerns about the long delays and low recoveries in the corporate insolvency resolution process (CIRP) and called for changes. Despite more resolution plans seeing approval, the average…

Accepting OTS Payments While Simultaneously Pursuing CIRP Proceedings Is An Attempt To Use IBC For Debt Recovery: NCLT Mumbai

The National Company Law Tribunal (NCLT), Mumbai bench comprising Ms. Reeta Kohli, Member (Judicial) and Ms. Madhu Sinha, Hon’ble Member (Technical) has held that the conduct of the Financial Creditor in accepting substantial ‘one-time settlement’ (OTS) payments while simultaneously pursuing Corporate Insolvency Resolution Process (“CIRP”) proceedings represents an attempt to use the Insolvency and Bankruptcy…

Collingwood’s Molly Rose Brewing Has Entered Liquidation

Molly Rose Brewing, the Hot-Listed Collingwood bar and brewing company, went into liquidation this morning. Nic Sandery, who founded the company in 2017, announced the news via an Instagram post. “A combination of rapidly increasing costs of operations and a reduction in consumer sentiment have made our financial situation untenable and after exploring every possible…

Liquidators Brought In By Molly Rose; Founder Hopeful Of Fresh Start

Another highly-rated indie brewery has fallen foul of the ongoing economic headwinds facing the drinks and hospitality sector today, with Molly Rose Brewing appointing liquidators. The Collingwood-based brewing company cited delays in their most recent expansion, increases in construction costs and rising interest rates, and the ongoing cost-of-living crisis as contributing factors that have…