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.
Whistleblower claims exposing corporate corruption in Byju's insolvency process; implicates Ernst and Young and GLAS Trust in illegal activities  MSN Read
A man who was caught with two separate large hauls of cocaine and cannabis at his home within one year
In a significant development, the National Company Law Tribunal (NCLT), Kochi Bench, has ordered the liquidation of Greenlace Builders and
Atunlo on edge of liquidation after court grants another extension  SeafoodSource Read the original article here
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Motorbike Maker KTM’s Creditors Take 70% Hit in Restructuring  MSN Read the original article here
(Bloomberg) -- GPS Hospitality LLC, which operates networks of fast-food chains Burger King and Popeyes Louisiana Kitchen, is huddling with
Lilium, the German eVTOL (electric vertical takeoff and landing) aircraft manufacturer, has shut down operations after failing to secure critical
You expressly agree that the use of this app/website is at your sole risk. AASTOCKS.com Limited, HKEx Information Services Limited,
Lilium, the German eVTOL (electric vertical takeoff and landing) aircraft manufacturer, has shut down operations after failing to secure critical
The sector faces mounting financial risks that could jeopardise operations and, ultimately, impact patient safety. Setting the scene - rising
Aspial Lifestyle Limited Announces Liquidation and Striking Off of Dormant Subsidiaries  TipRanks Read the original article here

Whistleblower claims exposing corporate corruption in Byju’s insolvency process; implicates Ernst and Young and GLAS Trust in illegal activities  MSN

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A man who was caught with two separate large hauls of cocaine and cannabis at his home within one year has been jailed for 10 years.

Robert Cummins (45) of Cushlawn Park, Tallaght, pleaded guilty at Dublin Circuit Criminal Court to possession of cannabis herb valued at €196,540 and cocaine valued at €68,327 for sale or supply at his home on August 24th, 2023.

He further pleaded guilty to possession of cocaine valued at €55,695 and cannabis valued at €12,912 for sale or supply at his home on July 18th, 2024 while on bail for the first offence.

Cummins came forward to Dublin Circuit Criminal Court on signed pleas from the District Court in relation to the second find.

The drugs were found after confidential information led to a…

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In a significant development, the National Company Law Tribunal (NCLT), Kochi Bench, has ordered the liquidation of Greenlace Builders and Developers Private Limited, a real estate and construction company based in Kochi, Kerala. The decision came after the Committee of Creditors (CoC) voted in favor of liquidation, citing the company’s inability to continue operations and the absence of a viable resolution plan.

The tribunal, comprising Member (Judicial) Shri Jyoti Kumar Tripathi and Member (Technical) Shri Ravichandran Ramasamy, passed the order under Section 33(2) of the Insolvency and Bankruptcy Code (IBC), 2016. The CoC, led by Piramal Trusteeship Services Private Limited, which holds 89.31% of the voting rights, had…

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Atunlo on edge of liquidation after court grants another extension  SeafoodSource

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Motorbike Maker KTM’s Creditors Take 70% Hit in Restructuring  MSN

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(Bloomberg) — GPS Hospitality LLC, which operates networks of fast-food chains Burger King and Popeyes Louisiana Kitchen, is huddling with advisers about how to manage a shrinking cash pile amid revenue headwinds, according to people with knowledge of the discussions.

The Atlanta-based franchisee tapped law firm Paul Hastings and investment bank Houlihan Lokey Inc. for help managing its debt load and the risk of breaching some of its terms, said the people, who asked not to be identified discussing private conversations. A group of creditors to GPS is working with lawyers at Paul Weiss Rifkind Wharton & Garrison for advice on options and to protect their interests. 

GPS Hospitality’s stores are of a model that typically performs well…

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Lilium, the German eVTOL (electric vertical takeoff and landing) aircraft manufacturer, has shut down operations after failing to secure critical funding. This marks the company’s second insolvency filing in a matter of months, bringing an end to what was once seen as a revolutionary force in the urban air mobility sector.

Lilium’s collapse follows years of financial uncertainty. The company, which had developed a futuristic air taxi concept, had briefly recovered after securing an emergency investment deal in late 2024. That funding, however, ultimately proved insufficient, and as investor confidence dwindled, Lilium found itself unable to secure further financial backing.

The latest insolvency filing leaves…

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Lilium, the German eVTOL (electric vertical takeoff and landing) aircraft manufacturer, has shut down operations after failing to secure critical funding. This marks the company’s second insolvency filing in a matter of months, bringing an end to what was once seen as a revolutionary force in the urban air mobility sector.

Lilium’s collapse follows years of financial uncertainty. The company, which had developed a futuristic air taxi concept, had briefly recovered after securing an emergency investment deal in late 2024. That funding, however, ultimately proved insufficient, and as investor confidence dwindled, Lilium found itself unable to secure further financial backing.

The latest insolvency filing leaves…

Read the original article here

The sector faces mounting financial risks that could jeopardise operations and, ultimately, impact patient safety.

Setting the scene – rising demand and sector pressures

According to the Office for National Statistics (ONS), the UK population is expected to reach 70 million by mid-2026, with the number of people aged 85 and over projected to rise by one million over the next 15 years. This demographic shift will place significant pressure on care homes, increasing demand for quality services and further stretching already limited resources.

Further, whilst we expand more on the reasons below, the care home sector is facing significant increased costs and financial pressure. Care England reports “Recent findings highlight a growing…

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Aspial Lifestyle Limited Announces Liquidation and Striking Off of Dormant Subsidiaries  TipRanks

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