A UK kitchen firm has collapsed into administration ‘with immediate effect’ and customers are being urged to act before Friday. Kaboodle Ltd, which has been in business since 2005, announced that insolvency firm BRI Business Recovery and Insolvency has been appointed to put the firm into voluntary liquidation. The firm had offered home appliances and…
UK’s first ‘electric airline’ collapses: What the EcoJet liquidation means for passengers and staff A major setback occurred for the aviation industry when a planned airline promised to transform green air travel, collapsed before carrying a single passenger. Edinburgh-based EcoJet Airlines has entered liquidation as of May 1, 2026, after failing to secure £20 million…
Boss of refrigeration dealer speaks out on its liquidation Catering Insight Read the original article here
10 The Scotland-based startup Ecojet entered voluntary liquidation after failing to secure funding. On May 1, Paul Dounis and Mark Harper of Opus Restructuring were appointed as joint liquidators to wind up the company. Ecojet, founded by Dale Vince in 2023, had plans to become the world’s first electric airline but went under last year.…
Michele Civiera, founder of the restaurant chain Civerinos, has closed his Hot Slice Studio in the Scottish capital, saying the “time was right” to bring the venture to a close, according to The Herald. The George Street creative space is separate from the wider Civerinos group, which has venues across Edinburgh and in Glasgow, and…
UK meat supplier plunges into liquidation – in business since 2016 MSN Read the original article here
Correlation between insolvencies and fuel price Soaring global oil prices are emerging as a major insolvency trigger for Australia’s construction industry, amplifying pressures on contractors already battling thin margins, volatile input costs and tightening cash flow A new report from Halo Advisory reveals a 25-year correlation between Brent Crude spikes and surges in Australian corporate…
Introduction The sanctity of timelines in corporate insolvency proceedings has once again been affirmed by the National Company Law Appellate Tribunal in a ruling that highlights the mandatory nature of procedural compliance under the Insolvency and Bankruptcy Code, 2016. In Ram Prasad Agarwala v. Bijay Murmuria (Resolution Professional) and Others, decided on 29th April 2026,…
Embassy Developments Ltd, erstwhile Equinox India Developments and earlier Indiabulls Real Estate Ltd, saw its shares rallying 20 per cent in Wednesday’s trade, as the Corporate Insolvency Resolution Process (CIRP) against the company under the Insolvency and Bankruptcy Code, 2016 (IBC), has been quashed. All consequential directions arising from the NCLT order stand terminated, Embassy…
Over 4,200 Homebuyers Get Relief as Supreme Court Restores Insolvency Plans for Earth Infra’s Projects Moneylife Read the original article here