Cotswolds pub in liquidation had £500,000 debts – Witney Gazette
Cotswolds pub in liquidation had £500,000 debts Witney Gazette Read the original article here
RBI cancels licence of Sarvodaya Co-operative Bank, orders winding up
The Reserve Bank on Tuesday cancelled the licence of city-based Sarvodaya Co-operative Bank due to a lack of adequate capital and earning prospects. Consequently, the bank ceases to carry on banking business, with effect from the close of business on May 12, 2026, it said in a statement. The RBI has asked the Commissioner for…
Warehouse One at Rupert mall will close as parent company faces bankruptcy
Warehouse One at Rupert mall will close as parent company faces bankruptcy Published 11:08 am Tuesday, May 12, 2026 Another clothing store is leaving Prince Rupert as Warehouse One faces liquidation Warehouse One in Rupert Square Mall is expected to close after parent company Warehouse One Clothing announced plans to liquidate stores across Canada under…
Why experts are warning people to spend their loyalty points and gift cards now – Wales Farmer
Why experts are warning people to spend their loyalty points and gift cards now Wales Farmer Read the original article here
Adani Power gets CCI nod to acquire GVK Energy
New Delhi, May 12 (PTI) Fair trade regulator CCI on Tuesday approved billionaire Gautam Adani-led Adani Power Ltd’s proposal to acquire GVK Energy. GVK Energy Ltd, through its subsidiary AHPL, is engaged in the generation of power from a 330 MW hydroelectric power project in Srinagar, Uttarakhand. “The proposed combination involves the acquisition of 100…
Bracknell company Prestige Roofing Services in liquidation
Liquidators have been appointed for Prestige Roofing Services Ltd, a company registered to a principal trading address on Western Road, according to official public records. Mark David Charles Hopkins of FTS Recovery Limited and Michael Ian Field of Opus Restructuring were announced as joint liquidators on May 6. The announcement follows a general meeting of…
Insolvency asset recovery: key tools, techniques and enforcement risks — Financier Worldwide
“The Model Law is an effective and valuable tool in enabling cooperation between jurisdictions, providing a structural framework for recognition and clarity around the types of relief available to a foreign insolvency officeholder,” says Mr Child. “It has clearly increased efficiencies in terms of cost and time in pursuing cross-border asset recovery. The main drawback…
Compuage Infocom Schedules 25th Committee of Creditors Meeting on May 14, 2026 – scanx.trade
Compuage Infocom Schedules 25th Committee of Creditors Meeting on May 14, 2026 scanx.trade Read the original article here
Supha Pharmachem: NCLT Appoints New RP, Board Powers Suspended Amid Insolvency
Mr. Raju Mangilal Marshiya has been appointed as the Resolution Professional (RP) for Supha Pharmachem Limited on May 11, 2026.This appointment, approved by the National Company Law Tribunal (NCLT), signifies the transfer of control from the board to the RP for the Corporate Insolvency Resolution Process (CIRP). Reader Takeaway: New RP appointed to manage insolvency;…
IFFCO group enters provisional liquidation amid US$2B debt restructuring | Dairy Business Middle East & Africa
UAE – IFFCO Group has entered provisional liquidation following a significant shift in the company’s financial strategy as it moves to address an estimated US$2 billion debt burden through court-supervised restructuring. The proceedings, initiated in the Isle of Man and Singapore, represent a proactive step by creditors to stabilize the conglomerate’s global operations and preserve…