LONDON: Hasan Nawaz Sharif has been declared bankrupt by the London High Court, according to the court papers.

Hasan Nawaz — the younger son of former prime minister Nawaz Sharif — has been declared bankrupt in a tax and liability case of the UK government’s tax and revenue department, The News understands.

The official UK Gazette, which keeps the public record, has published details of the bankruptcy. It says that Hasan Nawaz, a resident of Flat 17 Avenfield House, 118 Park…

BANKRUPT Katie Price has revealed her plans to make £500million in the next three years.

Former glamour model Katie, 46, has revealed in her podcast, The Katie Price Show, that she wants to have made £500m by 2028.

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She even unveiled the elaborate plan she has to make the cash, with fans quick to react and brand her as “mad”.

“New year’s resolution, if that’s the right word, is I want to make about 500 million in about three years,” Katie declared on her podcast.

“Why are you…

The future of Indian budget airline Go First remains uncertain after the National Company Law Tribunal (NCLT) ordered the liquidation of the company on January 20, 2025. But Busy Bee Airways Pvt. Ltd., a company backed by EaseMyTrip co-founder Nishant Pitti, is opposing the decision. The airline is demanding a reopening of the case to come up with a new solution to save Go First. The dispute could have far-reaching implications for the competitive landscape of the Indian aviation industry.

Go First, once one of India’s leading low-cost airlines, fell into crisis due to financial difficulties and legal disputes. The main problems included the grounding of numerous aircraft due to technical defects and protracted disputes with…

While we know that debt happens all year around, Christmas and New Year do tend to bring financial difficulty into sharper focus for many people. On Christmas Day alone, almost 4,000 people across the UK visited StepChange’s website looking for help with their debt. Every January at StepChange we prepare ourselves for an influx of people in need of debt advice and this year is no different.

It’s not uncommon for people to put off getting help with their debts for a long time. Factors including stigma, a reluctance to talk about money and being unaware of the help available can cause people to struggle alone for several months or even years after their problems begin. So it’s not surprising that a new year and perhaps the…

He said if the company was not brought out of liquidation he would conduct an investigation into its failure, but at the time it was not practical to estimate the date of completion of the liquidation.

Alpine Drinks NZ Ltd established the operation in 2018, to utilise a resource consent for the taking of 1.179 million cubic metres of water a year, issued five years earlier, part of the wider picture of consents issued in Hawke’s Bay.

In 2019 Odedra revealed a plan to produce flavoured drinks, saying it would be health and upper-end product but, according to one report, “not foreigners coming in and taking all the water”.

Odedra was responsible for governance of operations and production facilities,…

Two companies linked to NZ Wagyu, which was placed in liquidation last July, were last month also placed in liquidation, owing unsecured creditors a combined $5.8 million.

Origin Corporation and Blue Sky Meats (Gore) have common shareholding with Christchurch-based NZ Wagyu, which collapsed last July leaving 142 creditors $7.7m out of pocket.

The collapse of all three related companies potentially exposes unsecured creditors to losses of $13.5m.

Liquidators have calculated there are 131 unsecured creditors from the collapse of NZ Wagyu, mainly farmers, transport companies, contractors, stock feed suppliers and rural servicing business.

The 11 secured creditors are financers and some…

Two companies linked to NZ Wagyu, which was placed in liquidation last July, were last month also placed in liquidation, owing unsecured creditors a combined $5.8 million.

Origin Corporation and Blue Sky Meats (Gore) have common shareholding with Christchurch-based NZ Wagyu, which collapsed last July leaving 142 creditors $7.7m out of pocket.

The collapse of all three related companies potentially exposes unsecured creditors to losses of $13.5m.

Liquidators have calculated there are 131 unsecured creditors from the collapse of NZ Wagyu, mainly farmers, transport companies, contractors, stock feed suppliers and rural servicing business.

The 11 secured creditors are financers and some…

Shortly before its abrupt collapse in August,Queensland battery manufacturer Redflow Energy appeared to be riding high.

The 19-year-old company was capitalising on global demand for large-scale battery systems, with multi-million-dollar contracts in California and a growing list of prominent customers at home, including the Bureau of Metereology, Optus and Queensland government-owned energy provider Stanwell.

The innovative “flow battery” maker met regularly with federal government ministers and was tipped as a potential recipient of “Future Made in Australia” funding to support clean energy manufacturing.

But,…

R3’s analysis of Creditsafe data showed a minor drop from 211 in November to 203 in December.

This figure, which includes administrator and liquidator appointments and creditors’ meetings, is significantly lower than October’s 293, the highest since March 2022.

The South East’s insolvency-related activities are the sixth highest in the UK, behind Greater London, the North West, East Anglia, Yorkshire and Humberside, and the West Midlands.

READ MORE: Warning for company directors as Covid-19 loan deadline looms

Neil Stewart, chairman of R3’s Southern and Thames Valley region (Image: Jonathan Perugia) However, the number of firms in liquidation owing money to creditors in the South East rose from 243 in November…