Gala Global Products Conducts EGM to Approve Insolvency Resolution Process Initiation – scanx.trade
Gala Global Products Conducts EGM to Approve Insolvency Resolution Process Initiation scanx.trade Read the original article here
UK food company crashes into administration – in business for 13 years | UK | News
A UK food and drink company, based online, has entered administration after 13 years of business, putting future operations at risk. The company, which originated in London, has amassed a large following that includes tens of thousands of customers. Press launched back in 2013, setting out with “a mission to bring natural & healthy nutrition…
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Global insolvency surge to filter into South Africa – Allianz – Moonstone Information Refinery
South African business insolvencies are expected to stabilise in 2026 before increasing modestly in 2027, within a global environment in which the Middle East conflict is affecting energy markets, inflation, financial conditions, and business confidence, according to Allianz Trade’s latest Insolvency Report. The trade credit insurer forecasts local insolvencies will move from 1 534 cases…
Taunton’s The Handmade Boutique – traders speak out
The Handmade Boutique, which allowed independent traders from across the south west to sell their products in Taunton and at Clarks Village, first opened at 51 Station Road in April 2022, with more than 50 local businesses showcasing their products. It was then relocated to Taunton’s High Street, and by February 2024, it was supporting…
Taunton shop set to go into liquidation with traders claiming to be ‘out of pocket’
A TAUNTON company is set to go into liquidation, with former traders claiming they’ve been left ‘out of pocket’. The Handmade Boutique, which allowed independent traders from across the south west to sell their products in Taunton and at Clarks Village, first opened at 51 Station Road in April 2022, with more than 50 local…
East Lothian gastro-pub forced into liquidation over £250,000 HMRC tax bill
Liquidators have been appointed to Sea Glass Limited following a successful petition from HMRC for the Port Seton-based company to be wound up. James Alexander Dewar of Edinburgh-based Interpath was appointed liquidator by Edinburgh Sheriff Court. A winding-up petition from HMRC is a legal demand to the court to close down a company that is…
IBC Cannot Be Used as a Coercive Recovery Tool for Predominantly Contractual Disputes: Supreme Court
The Supreme Court of India has dismissed an appeal filed by Dhanlaxmi Bank Limited, affirming that the Insolvency and Bankruptcy Code (IBC) should not be utilized as a coercive mechanism for debt recovery in cases involving intertwined contractual obligations. The Court upheld an order by the National Company Law Appellate Tribunal (NCLAT) which had set…
Tubos Reunidos files for insolvency
Spanish seamless tube supplier Tubos Reunidos (TR) has filed for voluntary administration, Kallanish notes. The company says in a note to the Spanish National Securities Market Commission (CNMV) that it has failed to secure either new financing or strategic partnerships aimed at boosting the group’s business. “The board has taken note of the fact that,…
Kaboodle Kitchens Enters Liquidation
Kaboodle, which describes itself as the UK’s largest independent white goods installer, is set to enter liquidation just weeks after announcing plans to withdraw completely from the housebuilding sector due to ongoing market pressures. The company’s commercial director, David Simpson, confirmed the closure in a LinkedIn post, describing the decision as the result of severe…