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The people behind plans for a £60 million “eco-therapy wellness park” say they are still hopeful for a project despite putting the company into voluntary administration.
Barony NP (UK) Ltd, a partnership between social enterprise company National Pride UK (NPUK) and investment company ESE Capital, promised hundred of jobs at the centre.
But it went into administration in December 2024.
Barony NP
Artists impression of one of the Barony development’s accommodation unit.Barony NP
The project was hailed as Europe’s first nature-based wellbeing resort, complete with lodges and spa facilities.
Both Andy Whitlock and Irene Bisset of NPUK resigned their directorships of Barony NP.
A progress report by the administrators stated that the sole…
The Department of Homeland Security is preparing to offer unaccompanied migrant teenagers in the United States the option to voluntarily leave the country and receive a $2,500 payment, according to three sources familiar with the plans and an administration memo obtained by CNN.
The Trump administration has already been offering financial incentives — including a $1,000 exit bonus — to undocumented adult immigrants in the US to depart the country. Administration officials have argued that self-deportation incentives are more cost effective, given the high price tag of immigrant detention and deportation.
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Captain GR Gopinath‘s Deccan Charters till April 26, 2024, its next date of hearing. Earlier, the Bengaluru bench of the National Company Law Tribunal (NCLT) had directed initiation of Corporate Insolvency Resolution Process (CIRP), admitting a plea of financial creditor Krone Finstock claiming a default of around Rs 10 crore.
The Chennai bench of NCLAT on a petition filed by Sanjay Saihgal, a director of the suspended board of Deccan Charters, on Wednesday directed Krone Finstock to file a reply within four days.
The Federal Government will provide ailing disability employment services provider Bedford with an extra $4.4 million with Disability and the NDIS Minister Mark Butler saying the company’s financial position was so bad that “they can’t even operate from week to week”.
Bedford is the second-largest employer for people with disability in the country and supports some 1400 people.
In a statement, Butler said the Commonwealth Government agreed to provide $4.4 million to the state government to support the Bedford sales process “following careful…
Undue Medical Debt works with hospital systems and other providers across the country to purchase past due medical debt belonging to those least able to pay in large portfolios for pennies or less on the dollar and then erases the debt.
ECU Health’s collaboration with Undue Medical Debt pre-dates North Carolina Department of Health and Human Services’ medical debt relief initiative which spans all hospitals in the state and lays out a plan for medical debt relief coupled with changes to Medicaid/Medicare reimbursement policy and financial aid standards in 2025. The two organizations collaborated in December 2024 to eliminate more than $186 million worth of past-due hospital medical debt for more than 32,000 qualifying…
With the CCI approval in place, the ball is now in the court of the Committee of Creditors of Jaiprakash Associates.
NEW DELHI (India CSR): In a major development in India’s insolvency space, the Competition Commission of India (CCI) has granted in-principle approval to Naveen Jindal-led Jindal Power Ltd to acquire Jaiprakash Associates Ltd (JAL), the debt-laden flagship of the Jaypee Group. Admitted to corporate insolvency by NCLT Allahabad on June 3, 2024, JAL faces Rs. 57,185 crore in debt claims, led by the National Asset Reconstruction Company Ltd (NARCL).
The group’s assets span real estate, hospitality, and cement, making it one of the most high-profile…
