Company liquidations have risen 26 percent year on year, according to latest data unveiled by credit reporting service Centrix last month.

More companies were finding themselves struggling to stay afloat due to intensified efforts by authorities to recover taxes after the relaxed policies implemented during the Covid-19 pandemic, Centrix said.

Hospitality businesses have been hit particularly hard, with established Auckland restaurants Imperial Palace, Dragonboat and Sun World Seafood all placed into liquidation between June and the end of August.

In the event of insolvency, stakeholders are notified by a liquidator that a company is under liquidation, with any creditors asked to confirm any outstanding…

Lisbon, Nov. 11, 2025 (Lusa) – Euronext Lisbon has decided to exclude, as of 19 November, the shares of construction company Grão-Pará, which was declared insolvent in September, the market was told.

“The real estate company Grão Pará hereby shares that Euronext Lisbon has disseminated through its channels […] notice 228/25, informing that the ordinary shares issued by Imobiliária Constritora Grão Pará […] will be excluded from Euronext Lisbon as of 19 November 2025,” reads a statement sent to the Portuguese Securities Market Commission (CMVM).

The last trading day for its securities will be 18 November.

The delisting was determined by Euronext because the…

The National Company Law Tribunal (NCLT), Allahabad Bench, has approved the resolution plan submitted by Poly Medicure Limited for Himalayan Mineral Waters Private Limited, bringing the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor to a close. The successful plan proposes a total resolution amount of ₹33.15 Crores to take over the company.

The resolution plan & distribution

The resolution plan submitted by Poly Medicure Limited, a listed entity with a strong net worth, was approved by the Committee of Creditors (CoC) with an overwhelming 98.76% vote. The following table details the distribution of the resolution amount:

Household debt hit a new record high in the third quarter of 2025, according to a report released earlier this month. The cumulative household debt in the country grew to $18.59 trillion, increasing by $197 billion from the previous quarter. And while that was largely driven by mortgage debt, credit card debt also contributed to this troubling statistic.

Specifically, credit card balances grew to…

BonCulina, a food service supplier with headquarters in Luxembourg, bought Colchester-based food manufacturer Anglia Crown in 2023.

It made frozen and chilled meals for hospitals and care homes.

On Monday, 150 employees at its site on Severalls Industrial estate were told in a letter they were being made redundant.

The letter said: “I am writing to confirm that, as a result of the company’s insolvency and in consideration of its financial position, the company is no longer in a position to continue your contract of employment and you are being made redundant on economic grounds.

“You should therefore regard your service as terminated with effect from 10 November 2025.”

On November 11, the company’s…

The collapse of hotel operator Sonder means its Denver landlords need to come up with a new plan.

“We’re obviously still adjusting to all this,” said Dan Huml.

Huml’s Denver-based firm Magnetic Capital developed a three-story building in RiNo specifically for Sonder in conjunction with Narrate Cos. The 23-unit building at 3354 Larimer St. was completed in 2023. 

BusinessDen broke the news Monday morning that San Francisco-based Sonder, which is publicly traded, is ceasing operations. The company confirmed that in a news release hours later, saying it expected to liquidate through Chapter 7 bankruptcy.

Huml said…