The Supreme Court of India has held that liabilities arising from corporate guarantees squarely fall within the ambit of “financial debt” under the Insolvency and Bankruptcy Code (IBC), 2016. A Bench comprising Justice Pamidighantam Sri Narasimha and Justice Alok Aradhe set aside the concurrent findings of the NCLT and NCLAT, which had previously derecognized the…
Award-winning UK sausage and bacon supplier is liquidated after 121 years The Sun Read the original article here
The administrators of Resorthoppa have received claims exceeding £3.8 million from unsecured creditors to date, according to their latest progress report, well short of the more than £8 million in claims expected. However, the administrators make clear there will be no funds to re-pay creditors whatever claims are received. The report to the…
The Supreme Court of India has held that the Insolvency and Bankruptcy Code (IBC) cannot be used as a shortcut to recover money or to pressure someone into making payments. It clarified that insolvency proceedings are not meant to resolve disputes over how much money is actually due under a court decree. A Bench of…
The west Fife family business has been running since 1905. Olivia Beeson and Eilidh Farquhar Trainee Trends, Showbiz and Lifestyle Writer 11:07, 28 Apr 2026 A Scottish family run butcher company has plunged into liquidation.(Image: Getty Images) Another blow has come to the UK food sector as an award winning family run sausage and bacon…
UK airline goes into liquidation after 3 years due to fuel crisis & rising costs The Sun Read the original article here
Autagco Reports No New Developments in Subsidiary Liquidations TipRanks Read the original article here
Soaring fuel costs, rising domestic expenses and an inability to secure contracts were all cited UK airline collapses into liquidation with over 100 jobs impacted(Image: PA) Ascend Airways, a UK carrier company, has collapsed into liquidation leaving 161 jobs at risk. The airline provided aircraft to carriers including Oman Air, Air Sierra Leone and TUI…
A major airline operating flights out of the UK has plunged into liquidation and ceased operations. Ascend Airways, which operated for just three years under its current name, supplied aircraft to carriers including Oman Air, Air Sierra Leone and TUI Airways before stopping flights with immediate effect on April 27. Crew were informed of the…
The beloved Auckland cafe and bar is in liquidation over unpaid tax debt, and its doors are closed. Will there be a lifeline? In painful news for Auckland’s hospitality industry and its patrons, the legendary Karangahape Road cafe and bar Verona has shut up shop. The business was placed into liquidation by the high court…