The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Friday admitted a corporate insolvency plea against Gensol Engineering Ltd (GEL) and Gensol EV Lease (GEVL), which was filed by the Indian Renewable Energy Development Agency (Ireda) for a loan default of Rs 510 crore.

The bench of Judicial Member Shammi Khan and Technical Member Sanjeev Kumar passed the order under Section 7 of the Insolvency and Bankruptcy (IBC) code, following which an interim resolution professional (IRP) will take control over GEL’s management and establish a committee of creditors (CoC) to evaluate resolution plans. It is said that if no resolution plan is approved within 180 to 330 days, the company will be liquidated. A copy of the order is…

Trevor Sinclair, who played nearly 100 times for Manchester City and made 12 caps for England, has been declared bankrupt after failing to pay a tax bill of more than £36,000

Former Manchester City star Trevor Sinclair has been declared bankrupt after accumulating a debt of over £36,000. The 52-year-old failed to settle taxes and penalties he owed.

The former pro’s debt was linked to punditry work carried out in the 2021/22 tax year. Despite being granted additional time to find a solution, Sinclair failed to appear in court on Thursday, having not managed to raise the funds or propose an alternative proposal.

Judge Caroline…

Staff and expectant mums were caught off guard after the established Stirling business went into liquidation

Liquidators dealing with the fallout after a Stirling city centre pram business collapsed are asking worried customers to get in touch.

Mums-to-be were left in limbo and out of pocket after Stirling Pram went into liquidation around a week ago.

The business, most recently operating from STEP’s business park, closed its doors suddenly, in a move which shocked both staff and customers.

Families – some of whom had forked out over £1000 for prams, furniture and other goods – have now been left waiting to hear when or if they will…

A highly rated south Down seafood restaurant is on the market just weeks after a court approved an application to wind up the business.

The Harbour Inn, located in the village of Annalong, had been operated by the award winning chef Trevor Orr for the past decade.

Originally recruited as head chef in 2014, the Co Down man took over the venue some time later.

Nestled in the foothills of the Mournes and with views overlooking Annalong’s harbour, the restaurant quickly won plaudits for its scenery and seafood menu.

However, the trading company behind the hospitality business, Orville Ltd, was the subject of a court order on May 1 under the Insolvency (Northern Ireland) Order 1989, approving the liquidation of the business.

Former England international Trevor Sinclair was not in court as he was judged to be bankrupt after failing to come to an arrangement to pay a debt of more than £36,000

Former England international Trevor Sinclair has been declared bankrupt after racking up a debt of more than £36,000. The 52-year-old failed to pay taxes and penalties that he owed.

The ex-Premier League ace‘s debt related to punditry work undertaken in the 2021/22 tax year and was previously handed extra time to come up with a solution. But he did not turn up to court on Thursday after failing to come up with the money or offer an alternative proposal.

Judge Caroline…

Former England footballer Trevor Sinclair was declared bankrupt yesterday after failing to pay £36,424 in tax debt related to his pundit work.

The 52-year-old former QPR, West Ham and Manchester City winger did not attend Central London County Court for the hearing.

Former England star Trevor Sinclair, pictured third from the left on the bottom row, has been declared bankrupt

PA

Sinclair, who earned 12 England caps during his playing career, had been granted…