A winding up petition against the company that runs Nuneaton Town Football Club has been dismissed. HMRC brought the case against Boro Leisure Limited, which owns the towns club, before the High Court yesterday but the court has now confirmed to CoventryLive that it was dismissed at the Royal Courts of Justice in London. This…
ATHENS – European Commission President Jean-Claude Juncker on Thursday urged eurozone countries to honour their promises to provide debt relief to Greece, whose economy is still struggling. European Commission President Jean Claude Juncker said the eurozone needs to honour its pledge to provide Greece with debt relief during a visit to Athens “We should now…
By Press Association Published: 20:35 AEST, 26 April 2018 | Updated: 20:35 AEST, 26 April 2018 e-mail The number of people going bankrupt is expected to have jumped in early 2018 as households deal with post-Christmas debts and struggle to stretch credit limits further, according to an audit and restructuring firm. RSM predicts official figures…
Colin Smith Nelson Reliance Engineering Ltd, owned by Nevil Basalaj (pictured), owes more than $3 million to around 200 creditors, a liquidators’ report shows. Nelson Reliance Engineering, once a key player in the region’s marine engineering industry, has gone into liquidation, owing more than $3 million. The boat-building business, owned by Nevil Basalaj, owed around 200 creditors a total of $3,195,316.50, the liquidators’…
Wipro, Indias third-largest software services exporter, reported on Wednesday fourth-quarter net profit slumped 20.5% from a year earlier to 1,800 crore after it made provisions for two insolvent customers. Wipros weak earnings contrast with the healthy profits posted by larger competitors Infosys and TCS. Earlier this month, Infosys said net profit for the fourth quarter…
In a revealing insight into the unregulated art auction industry, the administrator’s report for the failed Mossgreen art auction house alleges the company breached nine separate sections of the Corporations Act. The 100-page report, prepared over four months and distributed to more than 300 creditors this week, found the company once the nation’s biggest…
A COURT hearing that ended in Salim Mehajer being declared bankrupt should have been adjourned because the controversial Sydney businessman was in jail at the time, his lawyer says. The former Auburn deputy mayor was declared bankrupt by a Federal Circuit Court judge in March, before he was granted bail in early April over claims…
SCOTTISH corporate insolvencies in the first quarter were up by 67 per cent on the same period of last year, official figures have revealed. Tim Cooper, who chairs insolvency trade body R3 in Scotland, highlighted his view that the latest figures signalled a return to a trend of rising corporate insolvencies which began in early…
A court hearing that ended in Salim Mehajer being declared bankrupt should have been adjourned because the controversial Sydney businessman was in jail at the time, his lawyer says. The former Auburn deputy mayor was declared bankrupt by a Federal Circuit Court judge in March, before he was granted bail in early April over claims…