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.
Michigan State beat Ole Miss in the Sweet 16 round of March Madness on Friday in Atlanta. The sheer number
Karnataka High Court quashes sale of UB City unit, orders its auction  Deccan Herald Read the original article here
THE parent company behind one of Scotland’s largest dental groups has entered liquidation, it has been announced.  Beatty Topco Limited,
This is because, with the government converting spectrum dues worth ₹36,950 crore, the telecom operator would now have to pay
How Joann Fabrics went from a cult-favorite retail darling to a bankruptcy disaster  Fortune Read the original article here
Katie Price had a 'wake-up call' when she was declared bankrupt  MSN Read the original article here
Clive Schmulian – Founder of Clyde Dental Practice Beatty Topco Limited, the holding company for major Scottish dental organisation Clyde
See How Expert Guidance and the IRS Fresh Start Program Delivered a Life-Changing Tax SettlementIRVINE, CA / ACCESS Newswire /
Clear Start Tax Helps Client Reduce Tax Debt from $9,059 to Just $323, Securing Financial Relief  ACCESS Newswire Read the original
Cracking the code Despite negatives, the IBC’s processes have matured Prominent voices such as the former governor of the Reserve
The National Company Law Tribunal (NCLT), New Delhi bench of Justice Ashok Kumar Bhardwaj (Judicial Member) and Anil Raj Chellan
Darren Campbell: Controversial ‘brand builder’ shuts down company and enters liquidation  MSN Read the original article here

Michigan State beat Ole Miss in the Sweet 16 round of March Madness on Friday in Atlanta. The sheer number of games to bet on in a short time makes the NCAA tournament popular with legal sportsbook games.

Michigan State beat Ole Miss in the Sweet 16 round of March Madness on Friday in Atlanta. The sheer number of games to bet on in a short time makes the NCAA tournament popular with legal sportsbook games.

Grant Halverson/NCAA Photos via Getty Images


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Grant Halverson/NCAA Photos via Getty Images

Gambling — online and in person — is more widely accessible in the U.S. than it’s ever been, and…

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Karnataka High Court quashes sale of UB City unit, orders its auction  Deccan Herald

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THE parent company behind one of Scotland’s largest dental groups has entered liquidation, it has been announced. 

Beatty Topco Limited, whose registered office is in Leeds, is the parent company of Clyde Dental Practice Ltd and Clyde Munro Group Limited, which operate 65 dental practices across Scotland. 

It was announced on Monday that Investec Bank’s private equity division has stepped in to acquire Clyde Dental Practice. 

The new owners said the daily running of the 65 practices across Scotland will remain uninterrupted for patients and staff. 

Investec also announced it had written off an undisclosed portion of its £55 million loan to Clyde Dental Practice, while Synova Capital and minority…

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This is because, with the government converting spectrum dues worth 36,950 crore, the telecom operator would now have to pay a total of over 66% less in statutory dues over the next three years after the expiry of the current moratorium later this year. However, analysts said the company must meet a yearly 43,000 crore payment obligation (spectrum and adjusted gross revenue dues) to the government over FY28-31.

Without equity conversion, Vodafone Idea’s payable spectrum dues to the government would have been 11,000 crore for FY26. For FY27 and FY28 each, the spectrum-related outgo would have been 25,000 crore.

However, with the conversion, the company’s dues…

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How Joann Fabrics went from a cult-favorite retail darling to a bankruptcy disaster  Fortune

Read the original article here

Katie Price had a ‘wake-up call’ when she was declared bankrupt  MSN

Read the original article here

Founder warns PE model flawed as Clyde Munro parent enters liquidation under BDO administrators

Clive Schmulian – Founder of Clyde Dental Practice

Beatty Topco Limited, the holding company for major Scottish dental organisation Clyde Munro Group Limited and Clyde Dental Practice Ltd, has entered voluntary liquidation with BDO appointed as administrators.

Despite the financial collapse, patient care will remain uninterrupted, with the 65-practice network across Scotland continuing to operate under new ownership. Investec Bank’s private equity division has stepped in to acquire Clyde Dental Practice Ltd and maintain continuity for patients and staff.

The group’s rapid growth had been…

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See How Expert Guidance and the IRS Fresh Start Program Delivered a Life-Changing Tax Settlement

IRVINE, CA / ACCESS Newswire / March 31, 2025 / Clear Start Tax, a leader in tax resolution, has helped another client, Tracy, overcome a crushing tax burden. Through expert negotiation and IRS advocacy, the company successfully reduced her $9,059 tax debt to just $323, giving her and her family a fresh financial start.


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Clear Start Tax Helps Client Reduce Tax Debt from $9,059 to Just $323, Securing Financial Relief  ACCESS Newswire

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Cracking the code

Despite negatives, the IBC’s processes have matured

Prominent voices such as the former governor of the Reserve Bank of India (RBI), Shaktikanta Das, have raised concerns about the long delays and low recoveries in the corporate insolvency resolution process (CIRP) and called for changes. Despite more resolution plans seeing approval, the average time to complete a CIRP rose to 843 days in the financial year ending March 2024, far exceeding the mandated 330 days. Investors recovered 28% in the same period as per RBI figures. India’s corporate insolvency scenario, once portrayed as possessing immense opportunity, has been a mixed bag in terms of challenges and opportunities.

With this in mind, our Cover story is an…

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The National Company Law Tribunal (NCLT), New Delhi bench of Justice Ashok Kumar Bhardwaj (Judicial Member) and Anil Raj Chellan (Technical Member) has held that third parties who sold land to the Corporate Debtor cannot be said to fall within the ambit of expression “any persons who were knowingly parties to the carrying on the business of the Corporate Debtor” as used in Section 66 of the Insolvency and Bankruptcy Code, 2016 (“Code”). It observed that an application under the Section may be maintainable against the persons who were responsible for the management of the Corporate Debtor.

Background Facts

On 17.02.2019, the Tribunal initiated the Corporate Insolvency Resolution Process (“CIRP”) against M/s…

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Darren Campbell: Controversial ‘brand builder’ shuts down company and enters liquidation  MSN

Read the original article here