Insolvency Guardian Media Centre
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In a significant development under the Insolvency and Bankruptcy Code, 2016 (“Code”), the National Company Law Tribunal, Chennai Bench – II, has admitted an Application filed under Section 7 of the Code by IDBI Trusteeship Services Ltd. (“IDBI”) against Ozone Homes Pvt. Ltd., marking the commencement of the Corporate Insolvency Resolution Process against the real estate developer on October 10, 2025.
The Application was filed by IDBI in its capacity as the Debenture Trustee acting on behalf of the Debenture Holders. The Application pertains to a financial debt of Rs. 389.20 Cr., arising from the issuance of secured, redeemable, non-convertible debentures, wherein, the Corporate Debtor defaulted on its repayment obligations under…
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REVEALED: Latest business liquidations in Brisbane The Courier Mail
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Anthony Lamprell, 52, was declared bankrupt in July 2019 but continued to be listed as a director of the five companies until September 2021.
Bolton Crown Court heard how in one of the company’s cases, Rubysol Ltd, he resigned as a director in August 2019.
Prosecutor Louise Cowan said: “But he admitted to running Rubysol post-bankruptcy.”
She said that Lamprell admitted this in an email and said that he may not have been “physically present in the office” but that he was still taking decisions.
The case was heard at Bolton Crown Court(Image: Anthony Moss)
Ms Cowan said that Lamprell then was also listed as a director of Employ Limited, Delivery Office Limited and Freeshaw Limited during that same…
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BREAKING: Spring Gully Foods closes after almost 80 years in business Glam Adelaide
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Manchester Pride bosses say it’s gone bust, throwing the future of one of the UK’s biggest LGBT events into doubt.
It comes after BBC Newsbeat was told at least one of this year’s headliners hadn’t been paid for their August performance.
Dozens of businesses and performers say requests for payment worth thousands of pounds were met with silence.
The charity behind Manchester Pride has now confirmed it’s gone into voluntary liquidation – a formal process for shutting down organisations that have run out of cash.
In a statement shared with “Pride artists, contractors and suppliers”, Manchester Pride says it makes the…
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