Troostwijk Auctions today launches the online auction of the complete industrial inventory of CêlaVíta, the Dutch producer of chilled potato products that was declared bankrupt earlier this summer. As it has now become clear that a restart of the company is not possible, the assets are being offered through six online auctions. Significant international interest is expected.

Wide range of high-quality food processing equipment
The auctions open on 18 December and run until 15 January. Two auctions form the core of the total of six auctions:

• Potato processing machinery – including sorting lines, washing and peeling machines, cooking installations, and other process equipment.
• Packaging and labelling machinery –…

The National Company Law Appellate Tribunal (NCLAT), New Delhi, has delivered a detailed and consequential judgment holding that shareholders can be “aggrieved persons” under Section 61 of the Insolvency and Bankruptcy Code (IBC) when alleging collusive and fraudulent initiation of the corporate insolvency resolution process (CIRP).

The ruling not only quashes the CIRP against Techindia Nirman Ltd. but also imposes a penalty of ₹25 lakh on Agri-Tech (India) Ltd., the financial creditor, under Section 65 of the Code.

The dispute arose after Agri-Tech (India) Ltd.,(the financial creditor) a related party of Techindia Nirman Ltd., (the corporate debtor) filed a Section 7 petition in October 2024 claiming a …

The future of German packaging manufacturer Casimir Kast Verpackungen & Display has been secured following the opening of insolvency proceedings earlier this month.

The Gernsbach-based producer of corrugated packaging and display solutions entered insolvency proceedings on 1 December.

According to insolvency administrator Dr Dirk Pehl of law firm Schultze & Braun, a going-concern solution has now been secured.

As part of an asset deal, Christian Oetker-Kast will acquire the company’s business operations from the insolvency administrator with effect from 1 January 2026.

However, the restructuring of the company will involve job cuts. A total of 31 positions in administration and production will be eliminated, Dr Pehl said.

The workforce…

This figure comprised 58 Creditors’ Voluntary Liquidations, 33 compulsory liquidations, and seven administrations, while no Company Voluntary Arrangements or receivership appointments were recorded. The wider insolvency rate for the twelve months ending November 2025 also decreased, dropping by 1.9 to stand at 51.2 per 10,000 companies.

Despite the statistical improvement,…

Corporate insolvencies fell to 1,866 in November, representing an 8% decrease from October and a 7% drop compared to the same time last year. Notably, this figure is 18% lower than in November 2023.

Tom Russell, president of R3, said: “When considered alongside a drop in the inflation rate to 3.2% and the recent cut in the interest rate to…

Simplified judicial liquidation of Avendator and launch of emergency appeal proceedings

Paris, 19 December 2025, 12:00 pm

AVENTADOR (Euronext Growth Paris – ALAVE – ISIN FR001400IV58), a listed holding company on Euronext Growth, informs the market that, by judgment dated 3 December 2025, the Commercial Court of Bourg-en-Bresse decided to convert the judicial reorganisation proceedings opened in favour of the Company into simplified judicial liquidation proceedings.

The firm MJ Synergie, represented by Maître Desprat, has been appointed as judicial liquidator.

Following this decision, the Company has entered an appeal before the Lyon Court of Appeal.

By way of reminder, AVENTADOR, formerly known as ALGREEN, was founded by Mr…

In his ruling, Judge Sebastian Prentis placed the company into liquidation.

He said: “The department’s debt is very large indeed and it is a debt which has been incurred through the supply of defective equipment at a time of national crisis.”

Judge Prentis said that there would be “questions of how this debt may be recovered” from the firm, adding that there was “very little” money left.

Health Secretary Wes Streeting said the DHSC would not rest until it had got back the “hard-earned taxpayer money paid to rogue operators like PPE Medpro”.

He added: “During the pandemic, when the whole country was making huge sacrifices, separated from family and loved ones, PPE Medpro supplied defective PPE and unfairly profited.

“We will keep going after…

The UK Government is unlikely to see most of the £148m is it owed by a faulty PPE supplier linked to Baroness Michelle Mone after the company was wound up.

PPE Medpro, a consortium run by Mone’s husband Douglas Barrowman, was placed into liquidation at the Insolvency and Companies Court on Thursday.

It follows a High Court ruling in October, which found that the firm breached a contract to supply 25 million surgical gowns during the Covid pandemic.

PPE Medpro filed for administration in September, a day before the order to pay. HM Revenue & Customs is separately owed £39m in tax.

Records filed by PPE Medpro’s…