The financial downfall of UK greenhouse company UK Salads Limited (UKSL) was triggered by a series of significant challenges, resulting in the company owning its creditors almost 18m when it went into administration. This is revealed by the recently published Statement of administrator’s proposal. In December 2022, the company’s largest client rejected a substantial number…
DetailsModel and TV presenter Katie Price has been declared bankrupt for the second time, a court heard today. Price was married to Australian singer Peter Andre between 2005 and 2009 and they have two children together. The UK glamour model, 45, who was not in court to hear her fate, has an unpaid tax bill…
DetailsLabor has announced changes to the way Hecs and Help student debts are indexed, with the change likely to deliver a saving to most debtors. The new approach will use the lower of either the consumer price index (CPI) or the wage price index (WPI) to calculate the indexation amount. This replaces the old method…
DetailsModel and TV presenter Katie Price has been declared bankrupt for the second time, a court heard today. Price was married to Australian singer Peter Andre between 2005 and 2009 and they have two children together. The UK glamour model, 45, who was not in court to hear her fate, has an unpaid tax bill…
DetailsListen to this post In a previous blog post, we had stated that there exists no statutory regime for recognition of foreign insolvency judgments or proceedings in India. Hence, it remained unclear whether Indian courts would recognise and give effect to foreign insolvency interim orders or judgments. In 2018, the Ministry of Corporate Affairs[1] recognised…
DetailsGlobal maritime company BW Group has unveiled plans to separate BW Energy as an oil and gas exploration business from its maritime businesses, as part of corporate restructuring process. BW Group currently owns 191,903,110 shares in BW Energy, corresponding to 74.38% of the issued and outstanding shares and voting rights in BW Energy. As part…
DetailsModel and TV presenter Katie Price has been declared bankrupt for the second time, a court heard today. Price was married to Australian singer Peter Andre between 2005 and 2009 and they have two children together. The UK glamour model, 45, who was not in court to hear her fate, has an unpaid tax bill…
DetailsPARIS (Reuters) -Debt-laden French IT company Atos on Monday confirmed it had received four distinct offers from investors to restructure its debt and inject cash into the business, adding it would decide which one to pursue by the end of the month. The offers came from a consortium of Atos’ banks, from Atos’ largest shareholder…
DetailsByVinod Rajput May 06, 2024 09:14 AM IST Share Via Copy Link ATS Heights Private Limited allegedly defaulted in payment of 285 cr and 47 cr to the lender thus inviting the insolvency process, said the NCLT order NOIDA: The national company law tribunal has started corporate insolvency resolution process against ATS Knightsbridge project, a…
DetailsIn 1993, James Jordan, Michael Jordan’s father, was murdered while parked in his car. Two teenagers were convicted of the crime. However, theres a conspiracy theory connecting Michael Jordan’s gambling debts to his father’s tragic death that emerged after James Jordan’s murder. As per the speculations, Michael supposedly had a massive gambling debt and his…
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