Insolvency Guardian Media Centre
Geelong cleaning company with $1.5m debt liquidated Geelong Advertiser
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Latest monthly statistics from the Insolvency Service have shown that personal insolvencies increased whilst business insolvencies declined in Northern Ireland in February 2025.
The data showed that there 21 business insolvencies registered in Northern Ireland, this was 19% lower than in February 2024. The total number of company insolvencies was comprised of nine compulsory liquidations, eight CVLs, two CVAs and two administrations.
There were no receivership appointments.
Personal insolvency data showed that there 126 individual insolvencies in Northern Ireland. This was 3% higher than in February 2024.
There were 83 IVAs, 21 bankruptcies and 22 DROs.
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Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales increased by 2.9% in February 2025 to a total of 2,035 compared to January 2025’s total of 1,978, and decreased by 7% compared to February 2024’s figure of 2,188.
The business insolvencies consisted of 393 compulsory liquidations, 1,520 creditors’ voluntary liquidations (CVLs), 115 administrations and 7 company voluntary arrangements (CVAs). There were no receivership appointments.
The number of compulsory liquidations was 41% higher than in January 2025 and 49% higher than in February 2024.
CVLs accounted for 75% of all company insolvencies. The number of CVLs decreased by 2% from…
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Scottish business insolvencies increase by 10% Credit Connect
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Top business groups such as JSW, Dalmia Bharat, Jindal Power, Vedanta, GMR, Welspun and Torrent have reportedly submitted expressions of interest (EoIs) for Jaiprakash Associates Ltd (JAL). The Adani Group is also expected to submit an EoI before the final deadline of March 25.
According to a report in The Economic Times, another large Delhi-based industrial house is expected to submit an EoI, as is Kotak Alternate Assets. EoIs are the first stage in the bidding process for a new owner for JAL.
This comes as JAL is set to go under the hammer in a court-monitored insolvency proceeding. A National Company Law Tribunal (NCLT) bench instructed the company’s Deloitte-backed resolution professional, Bhuvan Madan, to invite resolution…
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The increase was reported by R3, the UK’s insolvency and restructuring trade body, which analysed data from Creditsafe.
The data revealed a rise in insolvency-related activities from 172 in January to 212 in February.
These figures include administrator and liquidator appointments, as well as creditors’ meetings.
READ MORE: FOUNDRY: Hundreds attend networking business event in Poole
The South East reported the sixth highest number of insolvency-related activities in the UK, behind Greater London, which had 463, the North West with 359, East Anglia at 313, the West Midlands with 285 and Yorkshire and Humberside at 223.
Every region saw increases, except for Northern Ireland.
Interestingly, the number of…
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Updated Mar 19, 2025 12:15 IST
Adani, GMR, Dalmia Bharat, Vedanta among Jaiprakash Associates insolvency bidders, says report
According to a report by ET, big names such as JSW, Dalmia Bharat, Jindal Power, Vedanta, GMR, Welspun, and Torrent have expressed interest in acquiring Jaiprakash Associates Ltd (JAL).
The company, once a key player in the sector, is undergoing insolvency…
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The National Company Law Appellate Tribunal (NCLAT) has set aside the bankruptcy case against Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a subsidiary of Essar Group.
An NCLAT bench led by chairperson Justice Ashok Bhushan overturned the National Company Law Tribunal (NCLT) order, based on a petition from Greka Green Solutions (India) Ltd, which claimed it was owed ₹24.38 crore (about $2.96 million). On 10 September 2024, NCLAT had passed an interim order staying the NCLT ruling.
The Ahmedabad bench of the NCLT had admitted the insolvency plea against EOGEPL on 6 September 2024, and appointed Mohit Bipinchandra Adatiya as the interim…
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Zomato is facing potential insolvency proceedings as Nona Lifestyle Pvt Ltd has filed a petition with the National Company Law Tribunal (NCLT) seeking to restore an earlier insolvency plea under Section 9 of the Insolvency & Bankruptcy Code. Nona Lifestyle claims Zomato owes ₹1.64 crore, including interest, due to delayed payments and incomplete delivery, a claim Zomato’s counsel disputes, citing a pre-existing dispute. Despite this, Zomato’s stock has seen a rise in today’s trade. On Business Today TV’s “Market Today,” experts analyzed the situation. Arpit Beriwal, Analyst – Derivatives, Motilal Oswal Financial Services, noted Zomato’s relative outperformance during recent market corrections and identified a major support zone around…
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One of New Zealand’s largest cherry growers, Cherri Global, has gone into liquidation, according to reporting from Farmers Weekly.
According to the publication, Cherri Global, including its subsidiary companies Cherri Holdings and Cherri Machinery, was placed in liquidation on 8 March through a special resolution of shareholders.
Janet Sprosen and Stephen White of PwC New Zealand were appointed liquidators.
The first report from PwC has revealed more than 30 unsecured creditors are owed approximately NZ$42mn. These likely include founder Phil Alison and his family, wholesale investors, and loans among the three inter-related companies. Spark, the Ministry for Business, Innovation and Employment, and PGG Wrightson are among…
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According to their first report, Libelle’s cash reserves were “exhausted” and it was no longer able to purchase essential goods and services to enable ongoing trading after paying employee wages on March 6.
“We understand that the director, after taking advice and considering alternative options, resolved to appoint liquidators by reason of the company’s liabilities and all other circumstances,” it read.
The report said an investigation into the affairs of Libelle would be undertaken and it was not yet known if this would disclose any other reasons for liquidation.
It said Libelle owed $14,331,000, made up of…