MY Nawaab LTD faces a winding-up petition

The most recent insolvency notice for MY Nawaab LTD is a Petitions to wind up (Companies), published 21 October 2026 in The London Gazette. The petition was presented by Mahboob Hussain. The case is before the Business and Property Courts in England And Wales (case CR-2026-005615). The petition is listed to be heard on 4 November 2026 10:30am. Its last accounts filed at Companies House, to 28 February 2025, showed total assets of £711k and net assets of £52k. Those accounts were filed 18 months before the first insolvency notice, so they describe the company well before the process began. A winding-up petition asks the court to close a company and place it into compulsory liquidation, most often because a debt has gone unpaid. If the court makes a winding-up order, control passes to the Official Receiver or an appointed liquidator, the company's bank accounts are frozen and its assets are sold to repay creditors.

What happens next

At the hearing the court decides whether to make a winding-up order. Until it does, the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, if the company has a cross-claim larger than the debt, or if the court is persuaded to adjourn while a rescue or refinancing is put in place. If an order is made, the company stops trading, its bank accounts are frozen, control passes to the Official Receiver and a liquidator is appointed to sell the assets and pay creditors in the order fixed by law.

Quote case number CR-2026-005615 and the Business and Property Courts in England And Wales in any correspondence about the case, together with company number 14647479.