Chain restaurants come and go, some of which are fondly remembered while others are doomed to fade into obscurity. With rising costs of food and rent, corporate restructuring, and more, there are an unfortunate number of chain restaurants that you…
Insolvency Guardian Media Centre
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.
Mumbai-based Tikona Infinet Pvt Ltd moves to settle its dues related to Series ‘E’ Compulsorily Convertible Debentures (CCDs) with L&T Finance Ltd, bringing closure to the insolvency resolution process against the broadband services provider.The process for formal withdrawal of the insolvency petition from the NCLT is currently underway, said the company in its release.
“It was a dispute amongst the shareholders about Coupon Rights,” said Prakash Bajpai, founder and chief executive of Tikona Infinet, in a statement. “I am glad to inform that a settlement agreement has been executed already, which will settle all disputes amicably between LTF Limited and the other majority shareholders. A withdrawal application to NCLT is under…
Read the original article here
Also Read | Court orders reset bankruptcy rules. Now, the govt is amending the law
A system of advance ruling on bankruptcy-related laws similar to that existing for income tax would also help, it said in recommendations to the government after studying the working of Insolvency and Bankruptcy Code (IBC).
It said a dedicated IBC mediation and arbitration centre, expanding the scope of the existing informal debt resolution framework for micro, small and medium businesses and a special set of measures including a fast-track scheme for bankruptcy resolution of defunct companies, could speed up the way India addresses sickness among businesses and fetch better outcomes.
…
Read the original article here
A twice-bankrupt businessman whose podcast has featured celebrities and sports personalities has had a multi-million pound worldwide asset freezing order imposed by the High Court.
Matt Haycox, a self-styled investor, mentor and philanthropist, is facing a fraud claim by a Manchester-based investor and former Conservative Party donor related to two vehicles of an insolvent peer-to-peer lending group called Huddle.
A judge ordered a £5.6 million asset-freezing injunction against Haycox, 44, based in Dubai, last year. He has since been warned of contempt of court, the risk of imprisonment and having assets seized if he disobeys court orders, including to attend a hearing in person.
Read the original article here
Johnson Winter Slattery (JWS) has appointed Alistair Fleming as a partner in the firm’s Restructuring & Insolvency team. He will be based in Perth.
Alistair practises in corporate restructuring and insolvency and commercial litigation. He advises on all aspects – both contentious and non-contentious – of informal and formal insolvency and restructuring processes, and on transactions involving corporate disputes or financial distress.
He regularly advises companies, directors, financiers, external administrators, hedge funds, creditors, investors and restructuring professionals across most industry sectors. In addition, Alistair has a strong general corporate litigation practice.
Commenting on Alistair’s appointment, JWS…
Read the original article here
freep.com wants to ensure the best experience for all of our readers, so we built our site to take advantage of the latest technology, making it faster and easier to use.
Unfortunately, your browser is not supported. Please download one of these browsers for the best experience on freep.com
Read the original article here
Mumbai-based Tikona Infinet Pvt Ltd moves to settle its dues related to Series ‘E’ Compulsorily Convertible Debentures (CCDs) with L&T Finance Ltd, bringing closure to the insolvency resolution process against the broadband services provider.The process for formal withdrawal of the insolvency petition from the NCLT is currently underway, said the company in its release.
“It was a dispute amongst the shareholders about Coupon Rights,” said Prakash Bajpai, founder and chief executive of Tikona Infinet, in a statement. “I am glad to inform that a settlement agreement has been executed already, which will settle all disputes amicably between LTF Limited and the other majority shareholders. A withdrawal application to NCLT is under…
Read the original article here
More Painful Than Combat: 91% of Veterans Say Debt Worsens PTSD In a New Study from National Debt Relief StreetInsider
Read the original article here
The UAE’s well-capitalized and liquid banks stand ready to provide funding if capital markets become unsupportive, ensuring stability
Abu Dhabi and the UAE federal government will issue more than $8 billion of local currency debt this year to support the establishment of a domestic yield curve, a new report suggests.
S&P Global Ratings anticipated anticipated that Abu Dhabi is preparing to issue local currency debt as part of an ongoing initiative to develop the UAE domestic debt capital markets.
Overall, S&P Global Ratings expects individual emirates and the UAE federal government to issue approximately $18 billion of local currency debt in 2025, slightly down from $19 billion in 2024. About 55 percent of that will be used for…
Read the original article here
As of March 2025, the focus of the news release on bankruptcies is on the changes compared to a year earlier and on the bankruptcy rate. This is the number of declared bankruptcies per 100 thousand businesses. The bankruptcy rate provides a clearer picture of the change in the number of bankruptcies in the Netherlands. It also allows for better comparison between sectors. The number of businesses can fluctuate over time and differ greatly between sectors.
| 2021 | april | 37 | 156 |
|---|---|---|---|
| 2021 | mei | 30 | 133 |
| 2021 | juni | 20 | 119 |
| 2021 | juli | 17 | 108 |
| 2021 | augustus | 12 | 97 |
| 2021 | september | 24 | 117 |
| 2021 | oktober | 18 | 108 |
| 2021 | november | 19 | 164 |
| 2021 |
Read the original article here
Read the original article here
-
Renugen Limited sold renewable energy products including solar panels and wind turbines
-
An Insolvency Service investigation found orders had not been delivered and some customers had yet to receive refunds
-
The company was subject to a winding up order at the High Court in London on 8 May 2025
A renewable energy company, based in Kent, has been shut down after an Insolvency Service investigation found it had failed to deliver orders and not refunded some customers for undelivered products.
Renugen Limited, last registered in Canterbury, sold renewable energy products online – from £50 batteries to £350,000 wind turbines.
The Insolvency Service identified 34 customers who had paid £74,570…
Read the original article here
Beacon Products, Zandox Group and Mr Warren Skry in court for alleged misleading and unconscionable sales practices The National Tribune