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The latest announcement is out from Morarjee Textiles Limited ( (IN:MORARJEE) ).

Morarjee Textiles Limited has announced the holding of its Twenty Ninth Meeting of the Committee of Creditors on September 22, 2025, as part of its ongoing Corporate Insolvency Resolution Process. This meeting is a significant step in the company’s efforts to address its financial challenges and work towards a resolution, impacting its stakeholders and market positioning.

More about Morarjee Textiles Limited

Morarjee Textiles Limited operates in the textile…

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Morarjee Textiles Limited ( (IN:MORARJEE) ) just unveiled an update.

Morarjee Textiles Limited has announced the holding of its Twenty Eighth Meeting of the Committee of Creditors on September 12, 2025, as part of its ongoing Corporate Insolvency Resolution Process. This development is significant as it indicates the company’s continued efforts to resolve its financial difficulties under the guidance of the appointed resolution professional, impacting its stakeholders and market position.

More about Morarjee Textiles Limited

Morarjee Textiles…

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Partnership equips Pacific National Funding with Beachfront’s lender ecosystem, marketing reach, and financial wellness tools, positioning the company as a national leader in consumer choice and outcomes.

SIOUX FALLS, S.D., Sept. 24, 2025 /PRNewswire/ — Pacific National Funding (PNF) announced a strategic agreement with Beachfront Credit Services (Beachfront) to access the Beachfront ecosystem. The partnership expands PNF’s ability to match borrowers with more debt consolidation choices, leverage Beachfront’s marketing channels, and support borrowers after program completion with Credit Pulse, the tri-bureau credit monitoring platform. Together, Pacific National Funding and Beachfront Credit Services will help…

The National Company Law Tribunal’s ( NCLT ) inability to fill judge and technical posts has a detrimental impact on the prompt resolution of cases under the Insolvency and Bankruptcy Code (IBC). This problem has persisted and runs counter to the IBC’s main goal of offering quick settlement for corporate insolvency.

An Advocate named Y. Balachander Reddy filed an application for the Right to Information [RTI], which uncovered the ongoing problem of unfilled judicial and technical positions, especially within the NCLT, which is crucial in deciding possible corporate disputes and insolvency matters under the Insolvency and Bankruptcy [IBC] framework.

The number of open positions is concerning and could have an…

A bakery firm that closed both its Market Harborough stores earlier this week is set to enter voluntary liquidation.

Butterwick shut 12 of its 14 sites including the shops on Church Street and at the railway station, leaving more than 60 staff out of work.

The owners of the Northamptonshire-based company said the decision was made with ‘deep regret’, citing rising operating costs and changes in customer spending habits as the reasons behind the closures.

Workers say they were given no prior warning of the closures and have criticised the handling of the matter.

A spokesperson for BRI Business Insolvency said: “BRI Business Recovery and Insolvency…

The Insolvency and Companies Court, in A Company -v-
Visionary Future LLC & ors. (unreported), has dismissed an
application by a company seeking to strike out, or alternatively
restrain advertisement of, a winding-up petition brought by
creditors. The judgment underlines the critical importance of
providing proper and substantiated evidence in insolvency
proceedings.

Lewis Silkin acted for the petitioners (the respondents in the
application), who have since been successful in winding up the
company in question.

Background

The petitioners had invested a significant sum into the company
by way of convertible loan notes with a repayment date of 31
December 2025; those convertible loan notes also accrued interest
which would fall…

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Carillion collapsed in January 2018 owing close to £7 billion, with only £29 million in cash.

The company’s insolvency sent shockwaves through the industry, impacting more than 30,000 suppliers and subcontractors, and led to significant government and public sector projects – around 450 construction and service contracts – being thrown into uncertainty.

At the time, Carillion employed around 43,000 people, including 19,000 in the UK.  

Rachel Reeves, then chairwoman of the Business, Energy, and Industrial Strategy (BEIS), called Carillion “notorious” for its late payments to subcontractors, with the significant strain on its cashflow contributing to its eventual downfall.

The Commercial Relations Board, an independent…

• Former hotel boss Campbell Dickson has been banned from being a company director for four years after his company went into liquidation owing more than £400,000 in VAT to HM Revenue and Customs (HMRC) 

• Dickson had previously run two similarly named companies that also failed with substantial tax debts, leaving a combined total of more than £1.7 million owed to HMRC across all three businesses 

The former boss of a hotel on the Isle of Skye has been banned as a director after his company went into liquidation owing more than £400,000 in VAT. 

Campbell Dickson was the director of Caledonian Skye Ltd, which traded as The Portree Hotel on Somerled Square in the town. 

Caledonian Skye Ltd went into…

Fiji has launched a new digital interface, with support from the Commonwealth Secretariat, to better track how public funds are used.

The latest upgrade links the Commonwealth Meridian debt management software with Fiji’s new Financial Management Information System (FMIS) to create a streamlined process for recording all government financial transactions.

The interface ensures that debt transactions are recorded in real-time and accurately across both systems. With reliable and real-time data, it enhances audit trails and reporting for informed decision-making in allocating public funds for government services and development projects.

The new setup replaces the previous manual process, where staff had to…