Insolvency Guardian Media Centre
NTPC Ltd and Maharashtra State Power Generation Company Ltd (Mahagenco) announced that they have executed a shareholder agreement on Friday, January 9, 2026. The pact is in connection with the acquisition of Sinnar Thermal Power Ltd (STPL), according to the company’s filing with the exchanges.
The collaboration is related to acquisition of STPL. The company is currently undergoing a corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.
NCLT has approved the resolution plan submitted by the consortium of NTPC and Mahagenco on November 28, 2025.
STPL has a coal-based thermal power plant with a 1,350 MW capacity. It consists of 5 units of 270 MW each. The plant is situated at Sinnar in Nashik,…
Read the original article here
This news release on bankruptcies focuses on the change compared to the previous year and on the bankruptcy rate. This is the number of declared bankruptcies per 100 thousand businesses. The bankruptcy rate provides a clearer picture of the change in the number of bankruptcies in the Netherlands. It also allows for better comparison between sectors. This is because the number of businesses can fluctuate over time and differ greatly between sectors.
| 2021 | December | 24 | 135 |
|---|---|---|---|
| 2022 | January | 19 | 120 |
| 2022 | February | 21 | 161 |
| 2022 | March | 18 | 148 |
| 2022 | April | 22 | 97 |
| 2022 | May | 29 | 160 |
| 2022 | June | 27 | 137 |
| 2022 | July | 22 | 126 |
| 2022 | August | 19 | 129 |
| 2022 |
Read the original article here
Emma Marshall, debt centre manager for Redditch at Christians Against Poverty (CAP), is supporting the charity’s winter campaign, Break the Debt Blues, aimed at helping people struggling with debt and money worries after Christmas.
In Redditch, CAP delivers services through the Oasis Christian Centre, offering free debt help and money coaching courses.
According to CAP, 5.3 million UK adults felt extra financial strain over Christmas, while 33 per cent of people in the West Midlands experience daily anxiety about their finances.
Ms Marshall said: “Winter often brings extra financial pressure and anxieties, and with household bills continuing to squeeze incomes, unfortunately many people will face a harsh financial…
Read the original article here
Read the original article here
Miniso New Zealand operator put in liquidation, overwhelmed by debt Inside Retail Asia
Read the original article here
Retail chain Yoyoso has been placed into liquidation owing millions of dollars, and liquidators say it is unlikely unsecured creditors will get their money back.
By Susan Edmunds for rnz.co.nz
The Yoyoso group includes the retail brands Yoyoso, Miniso and Acecco.
Liquidators McDonald Vague said there were eight shops trading around Auckland when the chain went into liquidation but those would close through this month.
“The liquidators have closed the Northcote supermarket (Acecco Supermarket Limited) location due to lack of trading revenue but continued to trade at the Mt Albert location.
“The Yoyoso and Miniso stores have continued to trade to reduce the stock levels at each of the stores. As stock levels reduce and/or landlords make…
Read the original article here
The Yoyoso store that was on Queen Street, Auckland.
Photo: Supplied / Google Maps
Retail chain Yoyoso has been placed into liquidation owing millions of dollars, and liquidators say it is unlikely unsecured creditors will get their money back.
The Yoyoso group includes the retail brands Yoyoso, Miniso and Acecco.
Liquidators McDonald Vague said when the chain went into liquidation there were eight shops trading around Auckland but those would close through this month.
“The liquidators have closed the Northcote supermarket (Acecco Supermarket Limited) location due to lack of trading revenue but continued to trade the Mt Albert location.
“The Yoyoso and Miniso stores have continued to trade to reduce the stock levels at…
Read the original article here
Retail chain behind Yoyoso and Miniso shuts stores after liquidation ThePost.co.nz
Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2….
Read the original article here
BusinessDesk
Quick Read
A large group of Asian supermarkets and retail stores has gone into liquidation across Auckland owing millions.
BusinessDesk this morning revealed the Yoyoso group of companies, which includes Acecco supermarkets and Miniso stores, is led by Auckland-based Lin Liu.
The companies have been put in liquidation owing China
Read the original article here
Christopher Steele was behind Kitchen 77, which operated venues including the Drunken Coo steakhouse, Arthur Street Kitchen and Stage Door Cafe in Ayr, as well as the Hollybush Inn.
He was handed a six-year ban on directing a company back in 2022 after failing to disclose where money went after a previous business went bust.
The 45-year-old has now been issued with a second, 11-year ban until 2036 for running a company despite the earlier decision.
Steele was disqualified for “misconduct while director at STL Kitchens Ltd”, with that firm going into liquidation in December 2021 with liabilities of £44,000 and no assets.
He did not dispute with the Insolvency Service that he “failed to deliver up adequate…
Read the original article here
The liquidation of Scottish access rental company Active Access is now underway following the appointment last month of Interim liquidator, Middlebrooks. All creditors should by now have received a letter asking them to file any claim they might have and to register as a creditor. A meeting will then be called to elect a permanent liquidator.
The company, based in Bellshill, near Glasgow, was founded by Andrew McCusker in 2003 as Active Rentals and changed its name to Active Access in 2011. In 2016, McCusker suffered a serious heart episode, one of those ‘light bulb moments’ and took the decision to reshape his life. This led to the sale of the company to local businessman Seref…