• Foresea Limited targeted businesses with hospitality tickets for the British Grand Prix  
• The company is connected to three similar scam businesses shut down following Insolvency Service investigations.  
• Foresea Ltd was wound-up at the High Court in Manchester on 12 February 2025. 

A company which offered businesses British Grand Prix hospitality packages they never actually had has been shut down after customers failed to receive tickets they had paid for. 

Foresea Limited – originally based in Kent but thought to have changed business address several times – claimed to be a large-scale provider of corporate hospitality, despite never having the tickets to sell.

An Insolvency Service investigation found that…

(Statehouse) – Help could be on the way for Hoosiers dealing with medical debt.

The Senate Health and Services Provider Committee unanimously passed Senate Bill 317 after several major rewrites.

If passed and signed into law, Senate Bill 317 would require all Indiana hospitals to give patients information about charitable assistance and payment plans.

The bill stipulates a plan must allow payments to be made over a period of least two years.

A monthly payment may not exceed 10 percent of the person’s monthly income.

The legislation protects wages from being garnished, and prevents liens from being placed on homes due to medical debt but only for Hoosiers who make less than 250 percent of the federal poverty level.

The bill is…

KUALA LUMPUR (Feb 13): VS Industry Bhd (KL:VS) said water filtration system maker NEP Holdings (M) Bhd has been placed under liquidation after the Court of Appeal dismissed NEP’s appeal against the High Court’s decision to dismiss their application for a stay of a winding up order.

“Following this, NEP’s liquidators have obtained the certificate of appointment as liquidator from the insolvency department and have taken control of NEP’s business and operations,” the electronics manufacturing services provider said in a statement on Thursday.  

Last month, the High Court ruled in VS Industry’s favour in its minority shareholder oppression suit against NEP Holdings (M) Bhd and three directors. The decision came with an order…

The Kerala High Court yesterday (on February 12), observed that during the Corporate Insolvency Resolution Process, initiation of cheque dishonour proceedings, due to the moratorium, is prohibited only against the corporate debtor and not against the persons referred under Section 141 of the Negotiable Instruments Act (N.I. Act). In other words, the accused persons in charge of and responsible to the company for the conduct of the business will continue to be liable for cheque dishonour offences.

The “Khun Soo Rao Chuay” debt relief program, or “You Fight, We Help,” has attracted over 500,000 registrants, with the application deadline set for the end of February. Backed by 48 financial institutions, the initiative aims to assist debt-burdened individuals. Deputy Government Spokesperson, Sasikarn Wattanachun, highlighted two main components of the program.

Key Takeways

• The “Khun Soo Rao Chuay” initiative, also known as “You Fight, We Help,” has attracted over 500,000 participants, with applications open until the end of February. It aims to assist individuals struggling with debt, supported by 48 financial institutions committed to the program’s success.
• Deputy Government Spokesperson Sasikarn Wattanachun…

(Feb 13): EFishery Pte is eliminating more than 1,000 jobs, or about 90% of the workforce, as the Indonesian agritech company suspected of fraud weighs a potential liquidation.

The cuts began recently and more reductions are set to follow, people familiar with the matter said, asking not to be identified as the matter is private. The company’s total headcount stood in the region of 1,600 jobs.

The high-profile startup, backed by investors including SoftBank Group Corp and Temasek Holdings Pte, is unravelling after a board investigation revealed it may have inflated its revenue and profit over several years. The company had raised hundreds of millions of dollars, and its demise would deal a blow to the local startup industry’s efforts…

The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant reforms to enhance liquidation outcomes under the Insolvency and Bankruptcy Code (IBC). With more companies being successfully resolved and a decline in liquidations, the regulator is focusing on improving realisation for claimants and streamlining the liquidation process.

IBBI Chairman Ravi Mital, in the board’s quarterly newsletter, highlighted a major shift in the liquidation trends under the IBC. In 2017-18, for every company (Corporate Debtor or CD) resolved, five entered liquidation. However, by 2024-25, this ratio has improved significantly, with only 1.3 companies going into liquidation per resolution.

While the trend is encouraging,…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2….

NewsVoir

Mumbai (Maharashtra) [India], February 13: Syndicate Finance, a trailblazer in the financial services sector, is revolutionizing debt-based funding solutions to help businesses access cost-effective capital. With an extensive suite of funding options, Syndicate Finance ensures seamless financial support tailored to the diverse needs of businesses across industries.

Debt financing remains a crucial and economical means for businesses to raise capital, providing external funding through loans, overdrafts, mortgages, and equipment leases. Syndicate Finance goes beyond conventional financing by offering structured and well-facilitated debt solutions that align with clients’ strategic goals.

Comprehensive Debt-Based Solutions Offered…