Katie Price had a ‘wake-up call’ when she was declared bankrupt MSN
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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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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
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The owner of a controversial ‘brand building’ company facing a civil lawsuit from former clients says the firm has shut down with immediate effect and gone into liquidation.
Ballymena entrepreneur Darren Campbell from the FBA Brand Builder issued the update on social media on Monday where he said he had “lost everything” and “couldn’t afford to pay most of my team their last wages”.
The liquidation of the company comes after more than 100 people joined a group legal action against Mr Campbell and the business last month alleging they had lost more than £1million to the scheme.
Allegations against the FBA Brand Builder include misleading claims of profitability and success, failure to disclose hidden costs of the programme,…
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Thai banks roll out measurers to help earthquake victims http://en.vietnamplus.vn/
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Mumbai: As his company undergoes corporate insolvency proceedings, Byju Raveendran, the founder of what was once India’s most valued startup, has joined the social media platform ‘X’, stating that he wants to talk about the past 20 years and plans to relaunch his company by tapping into the pool of former employees of his firm.
Other than the occasional letter to his employees, Raveendran, the founder of Think & Learn Private Limited, popularly known as Byju’s, had, by and large, stayed silent until this month, despite his company’s health continuing to deteriorate through most of 2023 and 2024 amid his widening differences with a section of its investors. Amid the chaos, there were reports of the founder escaping to Dubai…
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The National Company Law Tribunal (NCLT), Mumbai bench comprising Ms. Reeta Kohli, Member (Judicial) and Ms. Madhu Sinha, Hon’ble Member (Technical) has held that the conduct of the Financial Creditor in accepting substantial ‘one-time settlement’ (OTS) payments while simultaneously pursuing Corporate Insolvency Resolution Process (“CIRP”) proceedings represents an attempt to use the Insolvency and Bankruptcy Code, 2016 (“Code”) as a ‘recovery mechanism’, which goes against the very spirit and purpose of the Code. The Tribunal reiterated that the IBC is not intended to be used as a mechanism for debt recovery but rather as a process for resolution of the Corporate Debtor.
Background Facts
IFCI Limited…
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Molly Rose Brewing, the Hot-Listed Collingwood bar and brewing company, went into liquidation this morning. Nic Sandery, who founded the company in 2017, announced the news via an Instagram post.
“A combination of rapidly increasing costs of operations and a reduction in consumer sentiment have made our financial situation untenable and after exploring every possible option we have decided to appoint DBA Reconstruction & Advisory as liquidator,” the post states.
“We are working with DBA to make an offer that will hopefully allow us to retain control of Molly Rose and to continue to keep serving you great beer and food.”
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