More than nine months after Go First filed for bankruptcy in May 2023, its rival SpiceJets CEO Ajay Singh and EaseMyTrip co-founder Nishant Pittis Busy Bee Airways have submitted a bid for the bankrupt airline. Their bid, which is reportedly of Rs 600 crore, is competing against a little-known Sharjah-based company named Sky One,whose bid…
ByVandana Ramnani Feb 18, 2024 09:55 AM IST Share Via Copy Link Earlier, homebuyers who had been allotted flats before the realty firm became insolvent, were left with no remedy except for being entitled to a refund In a relief to homebuyers who had been given possession of their homes but were left in a…
Aurelius, the German restructuring specialist which bought The Body Shop last year and has now put it into administration, had previously broken up two other UK retailers. Staff at the ethical cosmetics group fear it will be next, with more than 2,200 jobs and 200 stores at risk. Aurelius, a specialist in distressed companies, has…
EY-Parthenon teams were appointed as insolvency administrators in March 2021. From the start, a unique aspect to this engagement was the media attention. Given the size and impact of this bankruptcy, this was a hurdle both Abengoa and EY-Parthenon had to overcome and engage with regularly throughout the process. Loan requests Initially, the EY-Parthenon teams…
Member Article R3 responds to January 2024 insolvency figures Corporate insolvencies decreased by 11.8% in January 2024 to a total of 1,769 compared to December 2023’s total of 2,005, and increased by 5% compared to January 2023’s figure of 1,685. Corporate insolvencies increased by 12.9% from January 2022’s total of 1,567 and by 2.5% when…
Good morning, and welcome to our rolling coverage of business, the financial markets and the economy. With Britain now in a technical recession, economic data will be closely scrutinised for signs that the downturn could be ending. And the latest retail sales figures, just released, show that retail sales across Great Britain grew at the…
The first monthly insolvency statistics have been released for 2024, focusing on January. Here we provide a detailed overview. Company Insolvencies January 2024 saw 1,769 registered company insolvencies through England and Wales. This is an increase of 5% when compared to the amount registered in the same month of 2023. Compared to December 2023 figures…
Former Nexus Independent founder Kerry Nelson has been declared bankrupt, official records show. The Gazette has been updated to show a bankruptcy order for Kerry Kathleen Nelson, as at November 2023, ‘occupation unknown’, of Stroud Green Lane, Fareham. The filing was made in the county court at Portsmouth. A spokesperson for the Official Receiver’s office…
Enviva, the leading exporter of wood pellets in the United States, is on the brink of filing for Chapter 11 bankruptcy following a significant misjudgment in future commodity prices, which led to substantial financial losses. Maryland-based company might proceed with the bankruptcy filing by the end of this week, pending the expiration of a 30-day…
Hydroponic farming, a method familiar to those growing crops such as lettuce in greenhouses, is not a new concept. However, recently, a water-based cultivation project stood out. The project’s floating island was showcased at the Floriade in Almere. Its first harvest took place in the summer of 2022. This experiment was a collaborative effort by…