Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Liquidators are investigating if a Christchurch restaurant operation owing Inland Revenue an estimated $800,000 has further debts. Bikanervala Christchurch Limited,
The Supreme Court of India has reaffirmed the importance of legal compliance in corporate insolvency proceedings by setting aside the resolution plan submitted by JSW Steel for Bhushan Power & Steel Limited, emphasising that commercial convenience cannot override statutory obligations.
The judgment revealed significant procedural lapses and non-disclosures by JSW Steel, including the failure to disclose a critical Joint Venture Agreement, which raised eligibility concerns under Section 29A of the Insolvency and Bankruptcy Code.
The Supreme Court invoked Article 142 of the Constitution to order the liquidation of Bhushan Power & Steel Limited, marking a significant shift in…
This year was brutal for a number of well-known companies and their bottom lines.
As inflation continued to rear its ugly head, consumers slashed their discretionary spending, tilting some companies to file for bankruptcy. Other brands fell victim to changing trends or even more malicious ailments, like cyberattacks.
At least 19 companies have cut a combined 14,000 jobs because of bankruptcies, according to Challenger, Gray & Christmas, an outplacement services firm.
Notably, retail closures have picked up this year because the sector’s sugar high of 2021 and 2022 — when…
Controversial vegan activist Tash Peterson has declared bankruptcy and surrendered her passport following a failed defamation case with a vet, marking another wild step in her long history in activism.
Ms Peterson and her boyfriend Jack Higgs lost a defamation case initiated by Bicton Veterinary Clinic owner Kay McIntosh and her husband Andrew over comments Peterson made in a video she shared to social media.
WA Supreme Court Chief Justice Peter Quinlan found Ms Peterson and Mr Higgs published defamatory claims and were ordered to pay $280,000 in damages.
Vegan activist Tash Peterson and boyfriend Jack Higgs on their way to the bankruptcy office to hand in their passports after losing a defamation case. Picture: Instagram.
Ant Middleton, the former presenter of hit reality TV series SAS: Who Dares Wins, has reportedly agreed to sell his lavish family home as his company faces potential bankruptcy
00:26, 10 May 2025Updated 00:26, 10 May 2025
Ant Middleton is selling his family home(Image: Getty Images)
Former SAS: Who Dares Wins star Ant Middleton has reportedly sold his sprawling family home amid claims he faces bankruptcy.
The ex presenter of the hit reality TV series is thought to have had to put his house up for sale due to business debts which left him facing bankruptcy. Ant had initially bought the lavish property in Essex with his wife Emilie in 2019. They paid £1.16million for the home.
Now, it’s claimed the pair have sold the property at a profit -…
New Delhi, May 9 (KNN) Financial Services Secretary M. Nagaraju chaired a review meeting on Thursday to assess the progress of Public Sector Banks in clearing pending cases awaiting admission at the National Company Law Tribunal (NCLT).
The meeting followed up on key issues aimed at enhancing the effectiveness of the insolvency resolution process.
Senior officials from the Department of Financial Services, Ministry of Corporate Affairs, Insolvency and Bankruptcy Board of India, and top management from Public Sector Banks attended the meeting.
The gathering conducted a thorough review of cases pending admission at NCLT. Banks received directives to accelerate the resolution process by reducing delays in filing Corporate…
Liquidators are investigating if a Christchurch restaurant operation owing Inland Revenue an estimated $800,000 has further debts.
Bikanervala Christchurch Limited, trading as Bikanervala, appears to have gone under as a result of difficult trading conditions.
A first liquidator’s report was put out on Monday, May 5 by Paul Vlasic and Derek Ah Sam from Rodgers Reidy (NZ) after they were appointed joint liquidators of the business on April 28.
Bikanervala began trading in December, 2017 with Thomas Shaji Kurian listed as a company director and Divya Bereddy, Padmakar Shevde and Shawn Kurian Thomas as shareholders.
The liquidators were advised the business and assets were sold last March with Mr Kurian informing them difficult…
The Scottish Institute based in Livingston has been placed in liquidation by an order passed at Livingston Sheriff Court on Thursday.
The court has appointed Katie McLachlan of Middlebrooks Business Recovery & Advice Limited as Interim Liquidator. This order was effective from 6 May 2025.
On 22 April a notice was posted on the London Gazette that a petition had been presented by Drillcycle Limited of Quality Street in Edinburgh on 28 March 2025 to wind up the company, The Scottish Institute of Theatre, Dance, Film and TV Limited. All interested parties were invited to oppose the petition and lodge answers within 8 days – by 29 April.
it is unclear whether there is only one creditor which has caused the appointment of a…
