Kuti Miah, the charismatic entrepreneur who ran Kuti’s Brasserie in the city for decades, is being pursued over an unpaid bill for refurbishing the Grade II listed restaurant building at The Royal Pier, which the business moved into in 2018.

A recent county court case brought by painter and decorator Wayne Holbrook, of Design Dec, will go no further after the court heard that due to being declared bankrupt Mr Miah ‘does not legally exist’.

(Image: Newsquest) READ MORE: Winners of the 2025 Southampton Hospitality Awards announced at glitzy ceremony

Mr Holbrook, who has been chasing payments, which now with interest and legal costs add up to more than £25,000, since the 2021 spruce up, was told to attempt to get his…

LONDON: Almost a year after he was declared bankrupt by a UK court, Hasan Nawaz, the son of former prime minister Nawaz Sharif, was included on a list of “deliberate tax defaulters” by the UK government.

The list, which was published on Tuesday, features the names of scores of individuals and companies that the HM Revenue & Customs (HMRC) has issued penalties to for either making deliberate errors in their tax returns or then deliberately failing to comply with their tax obligations.

Hasan Nawaz’s name is the second in the list, which appears to be organised in descending order of penalties and tax owed to the UK government. It identifies Hasan Nawaz as a property developer, with listed addresses at Avenfield House as well as 1…

Reliance Capital Limited (RCL) has successfully exited insolvency after the implementation of its approved resolution plan, making it the first Non-Banking Financial Company-Core Investment Company (NBFC-CIC) to complete resolution under the Insolvency and Bankruptcy Code (IBC).

The Reserve Bank of India (RBI) had superseded the company’s board and appointed Nageswara Rao Y as the administrator under Section 45-IA of the RBI Act, 1935.

Following this, the National Company Law Tribunal (NCLT), Mumbai Bench, admitted the corporate insolvency resolution process (CIRP) application on December 6, 2021, officially placing Reliance Capital under resolution.

The resolution plan, submitted by IndusInd International Holdings Limited, was…

The National Company Law Tribunal, Mumbai bench partially granted Canara Bank’s interim plea concerning the CIRP of Carnival Techno Park Pt. Ltd (CTPPL). Although Canara Bank’s request to recall CIRP admission was denied by the Tribunal, the forensic audit was permitted to look into the validity of the RCFL claim and its classification as secured financial debt.

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The application stems from Carnival Techno Park Pvt. Ltd.’s (CTPPL) Corporate Insolvency Resolution Process (CIRP), which is…

The Board of Control for Cricket in India (BCCI) and Riju Ravindran, the co-founder of Byju’s, are embroiled in a legal battle over a National Company Law Tribunal (NCLT) order impacting the insolvency resolution of the popular edtech company. This dispute centers on a Rs 158-crore settlement deal that was reached between BCCI and Think & Learn Pvt. Ltd. (the parent company of Byju’s) before the constitution of a creditors’ committee.

Senior advocate CK Nandakumar, representing BCCI, argued before the National Company Law Appellate Tribunal (NCLAT) that the tribunal should have made the decision regarding the settlement instead of delegating it to the committee of creditors (CoC). The BCCI initiated the insolvency…

The Bengaluru-based startup’s lack of success in orientating its business model towards stronger target markets and failure to pivot to an alternate strategy in time led to the current state of affairs, four people with direct knowledge of the matter told Mint, seeking anonymity. Over the past six months, payments to multiple vendors have been stalled, while employees have only received delayed and partial salaries, the people said.

The company is now consulting lawyers and its investors, with a consensus emerging towards filing for insolvency with the National Company Law Tribunal (NCLT), the people cited above said.

Read more: Online-first gourmet food brands take…

The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Manoj Kumar Upadhyay of ACME Cleantech for erstwhile Anil Ambani-promoted Reliance Infrastructure Consulting & Engineers Private Limited (Corporate Debtor). The Rs 1.05-crore plan, which was unanimously approved by the Committee of Creditors (CoC), aims to resolve the corporate insolvency of the debt-ridden company.

The resolution plan, dated December 30, 2023, and amended on February 20, 2024, along with an addendum dated March 26, 2024, was approved under Section 31(1) of the Insolvency and Bankruptcy Code, 2016 (IBC).

Background:
The Corporate Insolvency Resolution Process (CIRP) against Reliance Infrastructure…

An expanding program between Rowan University and Amazon is helping students fund their education and, in some cases, graduate debt free.

Operating through a partnership via Rowan Online, the University’s web portal, the Amazon Career Choice program supports eligible operations and fulfillment employees with pre-paid tuition and reimbursement for books and fees.

“Through programs like Amazon Career Choice, we’re helping deliver education where it’s needed,” said David Coyner, Rowan vice president for Academic Innovation & Online Partnerships.

Florinda Friend, who graduates in May with a degree in Applied Professional Communication, is a five-year Amazon employee who began taking courses through Career Choice…