Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
John Rostron, AIF CEO, called 2024 a “devastating period” for festival organisers in the UK. “The festival sector generates significant revenue in and around local economies as well as to the Treasury every year,” he explained. “We have campaigned tirelessly for targeted, temporary government intervention which, evidence shows, would have saved most of the independent events that have fallen in 2024.
Keppel Ltd. Initiates Voluntary Liquidation of Dormant Subsidiary: What Investors Should Know
Key Developments from Keppel Ltd.
Keppel Ltd., a major Singapore-based conglomerate, has announced the commencement of a members’ voluntary liquidation for its wholly-owned subsidiary Techbod Info Tech (Shanghai) Co. Ltd. The process was officially disclosed on 23 October 2025.
What Does This Mean for Shareholders?
No Material Impact Expected: The company has stated that the liquidation of Techbod Info Tech (Shanghai) Co. Ltd—a dormant entity—will not have any material impact on Keppel Ltd.’s net tangible assets or earnings per share for the financial year ending 31 December 2025.
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has admitted Lepton Software Export and Research’s petition seeking insolvency proceedings against the debt-ridden company BluSmart Mobility Tech, which operated an all-electric ride-hailing fleet and also provided electric vehicle charging infrastructure.
The tribunal has appointed Pawan Kumar Goyal as the interim resolution professional (IRP) and suspended the company’s board of directors.
A two-member bench comprising Sanjeev Sharma and Shammi Khan also placed BluSmart Mobility Tech under the protection of a moratorium under the provisions of India’s Insolvency and Bankruptcy Code (IBC) and directed the IRP to take full control of the company’s…
Hungary’s rolling stock manufacturing sector is facing a severe crisis after a court ordered the liquidation of Ganz-Mavag International (GMVI) and Dunakeszi Járműjavító, two companies considered strategically important to the national rail industry. Experts warn that only state intervention could prevent the collapse of the sector.
GMVI railcar
According to data from the Opten company register, the Budapest Metropolitan Court ruled on Thursday to begin liquidation proceedings against both GMVI and the Dunakeszi Rolling Stock Manufacturing, Repair and Maintenance Works. The two firms have struggled with serious financial difficulties in recent years, Szabad Európa reported.
GMVI serves as the parent company of the entire group,…
The disgraced 80-year-old has refused to cough up £508,000 in damages awarded by the High Court last year to a woman he raped when she was 12
Jeremy Armstrong News Reporter, Faye Preston and Tom Pettifor
11:03, 23 Oct 2025
Gary Glitter, who has been ordered by a High Court judge to pay £508,800 in damages to one of the women he abused(Image: PA)
Pop paedophile Gary Glitter has boosted his wealth by tens of thousands of pounds in the past year despite being declared bankrupt.
The disgraced 80-year-old has steadfastly refused to pay £508,000 in compensation ordered by the High Court last year to a woman he sexually assaulted when she was just 12-years-old. Her legal team at Slater and Gordon successfully pursued enforcement proceedings…
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ST Group Food Industries Holdings Limited ( (SG:DRX) ) has issued an update.
ST Group Food Industries Holdings Limited has announced the voluntary liquidation of its indirect subsidiaries in the UK, namely GCTea Outlets 2B Ltd, GCTea Outlets 2A Ltd, and GCTea Ltd. This decision follows a series of announcements regarding the winding up of these subsidiaries, with the liquidation process for GCTea Outlets 2A initiated on 23 October 2025, and a meeting scheduled for GCTea Ltd on 6 November 2025 to seek shareholder approval for liquidation. The…
Pizza Hut restaurants at Bristol and Cribbs Causeway will shut.
The company will also shut 11 delivery sites as part of a restructuring, which will put 1,210 workers at risk of redundancy.
DC London Pie, the firm running Pizza Hut’s UK dine-in restaurants under a franchise deal, appointed administrators from corporate finance firm FTI on Monday, October 20.
American hospitality giant Yum! Brands, which owns the global Pizza Hut business, said it has now bought the UK restaurant operation in a pre-pack administration deal, saving 64 sites.
This is the full list of Pizza Hut branches set for closure.
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A beloved food brand has collapsed — again — with 34 workers now out of a job.
Spring Gully Foods, the South Australian-based company behind generations of pickled onions, gherkins and relishes, has officially shut its doors after nearly 80 years in business.
WATCH ABOVE: 79-year-old food company closes in Adelaide.
The family-run operation, founded in 1946 by the Johnston family, has entered voluntary administration, bringing an end to one of the state’s household names.
On Thursday, even South Australian premier Peter Malinauskas said the loss of the business would be sad for the state.
“It’s an iconic brand, I like it myself… so it’s always unfortunate we hear a set of…
