Insolvency Guardian Media Centre

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.
Eevia HealthThe Board of Directors of Eevia Health Plc ("Eevia" or the "Company") has resolved to propose to the General
The Koninklijke Paardekooper Group has collapsed. The court of Rotterdam declared the packaging producer bankrupt on Friday, after it filed
Aker Carbon Capture ASAReference is made to the extraordinary general meeting in Aker Carbon Capture ASA (under liquidation) (the "Company")
Reference is made to the extraordinary general meeting in Aker Carbon CaptureASA (under liquidation) (the "Company") held on 5 August
Former Taboo Donuts headquarters on the market months after food firm entered insolvency proceedings  The Irish News Read the original article
Since the end of Members’ Voluntary Liquidation (MVL) clearance, there has been an increase in Notices of Intended Dividends (NOIDs)
Christchurch company CProPainterPlaster has collapsed owing Inland Revenue an estimated $1 million-plus in unpaid tax. The business working in the
The National Company Law Appellate Tribunal (NCLAT), New Delhi Bench of Justice Rakesh Kumar Jain, Mr. Naresh Salecha (Technical Member)
Pat Falvey’s new Cork brewery is already making its mark with sustainable ambitions and a strong local identity Ireland’s newest
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London: Speciality Steels UK, the country’s third-largest steelworks part of British Indian metals tycoon Sanjeev Gupta group, was on Thursday

Eevia Health

The Board of Directors of Eevia Health Plc (“Eevia” or the “Company”) has resolved to propose to the General Meeting of Shareholders that the Company enter voluntary liquidation. Despite a recent surge in commercial opportunities including new multi-million item orders and the initiation of supplier set-up with two of the world’s largest brands, the Board’s proposal is driven by the immediate liquidity challenges and overdue liabilities that the Company is unable to cover within a reasonable time, combined with the lack of access to new financing (both equity and non-dilutive).

Despite receiving sales order requests from customers exceeding EUR 2,5 million only in the last few weeks and ongoing sales processes with global…

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The Koninklijke Paardekooper Group has collapsed. The court of Rotterdam declared the packaging producer bankrupt on Friday, after it filed for suspension of payments earlier this week. The bankruptcy leaves 700 people without a job.

The court appointed a bankruptcy administrator to investigate how to proceed.

Paardekooper manufactures packaging for a wide range of sectors. It supplies film for the industry, trays for the hospitality industry, and packaging for shops and offices, NOS reports.

Paardenkoper has offices in Amsterdam, The Hague, Rotterdam, Barendrecht, and Beverwijk. It employs approximately 700 people in the Netherlands and Belgium, all of whom will now be out of work.

The company was founded in 1919 and operates in over 75…

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Aker Carbon Capture ASA

Reference is made to the extraordinary general meeting in Aker Carbon Capture ASA (under liquidation) (the “Company”) held on 5 August 2025 where it was resolved to liquidate the Company.

The Company’s Board of Directors has in accordance with section 16-6 of the Norwegian Public Limited Liability Companies Act prepared a liquidation balance sheet as of 31 July 2025. The liquidation balance sheet has been audited by the Company’s auditor. Both the balance sheet and the auditor’s report are attached hereto. The liquidation balance sheet and the auditor’s report will also be distributed to the shareholders of the Company prior to final liquidation and is also available at the Company’s registered office as required…

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Reference is made to the extraordinary general meeting in Aker Carbon CaptureASA (under liquidation) (the “Company”) held on 5 August 2025 where it wasresolved to liquidate the Company.

The Company’s Board of Directors has in accordance with section 16-6 of theNorwegian Public Limited Liability Companies Act prepared a liquidationbalancesheet as of 31 July 2025. The liquidation balance sheet has been audited bytheCompany’s auditor. Both the balance sheet and the auditor’s report areattachedhereto. The liquidation balance sheet and the auditor’s report will also bedistributed to the shareholders of the Company prior to final liquidation andisalso available at the Company’s registered office as required by the NorwegianPublic Limited…

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Former Taboo Donuts headquarters on the market months after food firm entered insolvency proceedings  The Irish News

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Since the end of Members’ Voluntary Liquidation (MVL) clearance, there has been an increase in Notices of Intended Dividends (NOIDs) submitted by insolvency practitioners (IPs), under Rule 14.29(1)(b) Insolvency (England and Wales) Rules 2016 (IR16).

This has created operational challenges for HMRC.

Operational challenges for HMRC

High volumes

There has been a significant increase in NOIDs since the end of MVL clearance.

Early submission

There are some IPs issuing NOIDs immediately upon appointment, even when pre-appointment tax returns are outstanding. Also, some NOIDs are being issued before the Gazette or Companies House have been notified of the appointment.

Inappropriate use of NOIDs

There are some IPs using NOIDs

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Christchurch company CProPainterPlaster has collapsed owing Inland Revenue an estimated $1 million-plus in unpaid tax.

The business working in the house construction industry went into liquidation under an application filed by the IRD at the Christchurch High Court on July 10 with the New Zealand Insolvency and Trustee Service appointed as liquidator.

In the first liquidators report released on August 15 the cause was understood to be a failure to account for taxation.

The liquidator was working to establish communication with sole director and shareholder, Christopher Pabaira, to obtain the company’s financial statements and position.

CProPainterPlaster is estimated to have just under $2000 in available funds.

The liquidator has…

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The National Company Law Appellate Tribunal (NCLAT), New Delhi Bench of Justice Rakesh Kumar Jain, Mr. Naresh Salecha (Technical Member) and Mr. Indevar Pandey (Technical Member) has held that the failure of the Resolution Professional to individually inform the homebuyers about the insolvency proceedings as mandated under Regulation 6A of the CIRP Regulations, 2016, so they could file their claims on time, goes against the spirit of the IBC and vitiates the entire proceedings especially during Covid Pandemic.

The present appeal has been filed under section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) against an order passed by the National Company Law Tribunal (NCLT) New Delhi by which it rejected an application…

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Pat Falvey’s new Cork brewery is already making its mark with sustainable ambitions and a strong local identity

Ireland’s newest ‘Blarney’ branded brewery has a gift, but it’s not the gab

According to the latest statistics from Bord Bia, there are around 80 microbreweries operating in Ireland.

Cork already has a strong brewing tradition. The Franciscan Well grew from a small in-house brewery to a mass producer, while Rising Sons and the Cotton Ball have shown that marketing your own beer at scale is possible, even as national alcohol consumption declines.

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London: Speciality Steels UK, the country’s third-largest steelworks part of British Indian metals tycoon Sanjeev Gupta group, was on Thursday pushed into compulsory liquidation. The UK government-run Insolvency Service confirmed it will be acting as the liquidator after a High Court ruling. Liberty Steel said the decision to put the firm into compulsory liquidation was “irrational”, which puts 1,500 jobs at risk.

“Following an application made by the Official Receiver, the court has also appointed Matthew James Cowlishaw, Hywel Phillips and Robert Fishman of Teneo Financial Advisory Limited as Special Managers of the company,” the Insolvency Service said.

“The Special Managers have been appointed to assist the Official Receiver…

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