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Scottish bus firm in liquidation over HMRC tax bill

Gillens Coaches Limited is now in the process of liquidation. Companies House listed a change of address from its registered base at Sandyford Place to the care of Glasgow-based Opus Restructuring. The petition was presented to Glasgow Sheriff Court by the Advocate General for Scotland for HMRC to order that Gillens Coaches Limited “be wound up…

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NCLT Approves ₹52.43 Cr Scheme, Exits CIRP

Birla Cotsyn (India) Limited’s financial commitment from acquirers reaches ₹52.43 Crore; admitted secured creditor claims stand at ₹656.78 Crore. Reader Takeaway: Higher recovery via NCLT approval; legal overhangs and implementation risks remain. What just happened (today’s filing) Birla Cotsyn (India) Limited is set for a revival after the National Company Law Tribunal (NCLT), Mumbai Bench,…