Informist, Monday, Nov. 17, 2025

NEW DELHI – The Insolvency and Bankruptcy Board of India on Monday suggested that anyone appointed as a director or partner of an insolvency professional entity shall hold at least 5% of its paid-up equity share capital, provided the entity has more than 20 members. The minimum prescribed shareholding or the capital contribution of members, as the case may be, should be reduced on a pro rata basis, the board said in a discussion paper on empowering directors and partners in an insolvency professional entity by proposing minimum shareholding and capital contribution requirements. The Board has invited comments on its proposal by Dec. 7. 

An insolvency professional entity is a firm,…

Evidence shows number of people seeking advice from Citizens Advice Scotland has jumped 65 per cent since 2019/20.

Concerns have been raised about spiralling energy debt in Renfrewshire and beyond as more and more people look for help with their bills.

Evidence has shown the number of people seeking advice from Citizens Advice Scotland over the problem has jumped 65 per cent since 2019/20.

The average energy debt people are presenting with has been recorded at £2,500 – a figure that it’s been suggested will be “much higher” in some cases.

The matter was discussed at the Fairer Renfrewshire…

The Kings Head Hotel in Dereham has stood empty since February and is currently listed on the market for £450,000 with property agent Sidney Phillips. 

The Kings Head Hotel in Norwich Street, Dereham (Image: Google Maps)

Now, Kings Head Hotel Ltd is being wound up voluntarily after appointing Richard Cacho of Norwich-based insolvency firm RCM Advisory as liquidator.

The company’s sole director is Jacqueline Francis, according to Companies House.

The future of the historic hotel remains uncertain.

Earlier this year, Breckland Council held talks with businessman Tony Burlingham over purchasing the Grade II listed building.

Businessman Tony Burlingham, pictured in 2007 (Image: Newsquest)

Mr Burlingham…

Bee Inspired Clothing Ltd which opened it’s streetwear store just three months ago has appointed an insolvency firm to liquidate the company.

In a statement released on Monday, November 17, bosses say after filing for liquidation they ‘moved swiftly’ to explore possible opportunities to sell business assets.

The firm say they hope the sales could preserve some of the Glasgow-born brand.

A statement from the company reads: “Bee Inspired Clothing Ltd went into liquidation in the first week of November and on Tuesday, November 11, FRP insolvency practitioners were appointed by the courts to liquidate the company.

“FRP then moved swiftly to explore possible opportunities to sell the assets of the liquidated…

In its much-anticipated judgment of 13 November 2025 the German Federal Court of Justice (FCJ) held that in insolvency proceedings, shareholders’ damages claims are not to be treated pari passu with claims of unsecured creditors. With this landmark ruling, the FCJ brings an end to years of legal uncertainty, resolving the long-standing dispute between shareholders and creditors of Wirecard in favour of the latter.

In 2022, the court of first instance had ruled that shareholder claims for damages in the Wirecard insolvency were subordinated to the claims of all other creditors (see our blog post here). In 2024 this decision was overturned by the appellate court. Both rulings were highly controversial…

The insolvency firm handling the affairs of defunct contractor NMCN has issued a legal claim against its former auditor, BDO, relating to two historical audits of the company.

Court filings show that lawyers on behalf of NMCN plc and NMCN Sustainable Solutions Ltd filed a breach of contract claim against BDO on 26 March.

A newly published report by NMCN’s liquidators at Grant Thornton, released last week, said the move followed legal action against BDO to obtain files relating to the contractor’s affairs.

Information relating to audits of the former £400m-turnover firm’s finances for the years ending 31 December 2018 and 31 December 2019 was sought under sections 235 and 236 of the Insolvency Act, Grant Thornton said, as it looked…

“The paper mill is historic, since 1872 it has had several managements over the years,” Tavella recounts. “In its most recent phase it was put into liquidation in 2005: it was bought by a group of entrepreneurs, some from Milan, some from the Brescia area, and the company took the name Pkarton spa. There was an investment of several million euro, but then in June 2012 the company was put into liquidation: I remember that a consortium showed up, which then turned out to be fake, they seemed to be interested in buying it and I was the one who set the notary to put pen to paper, but they did not show up. Then the lowest point in January 2014, when bankruptcy was officially declared, with liabilities of around 50 million euros. From…